Product Liability Insurance
What is Product Liability Insurance?
Product Liability Insurance protects you from financial liability when your product causes bodily injury or property damage to third parties.
This coverage handles legal defense costs, settlements, and judgments arising from product defect claims, including design defects, manufacturing defects, and failure to warn claims.
Why it Matters for Manufacturers
Product liability is the single greatest liability exposure for most manufacturers—once products enter the marketplace, you lose control but retain legal responsibility.
A single defective product causing serious injury can result in million-dollar lawsuits, and widespread defects can trigger mass litigation and class actions. Product Liability Insurance is absolutely essential for manufacturers because it is not a matter of if you will face claims, but when.
Even manufacturers with exemplary quality control face product liability claims. This coverage is the cornerstone of your risk management program and is typically required by customer contracts and distribution agreements.