Typical Coverage Limits

Product Liability policies come with standard coverage limits, which can be tailored to your business needs. Typical limits include:

• Bodily Injury Liability: Coverage up to $1,000,000 per occurrence, with higher limits available.
• Property Damage Liability: Coverage up to $1,000,000 for property damage claims caused by your products.
• Product Aggregate Limit: Provides a total limit of $2,000,000 per policy term for all product liability claims.
• Medical Payments: Covers minor injuries with a limit of up to $5,000 per person.

Why Consider Product Liability Insurance?

This coverage is critical for businesses of all sizes that handle products. Product Liability Insurance offers:

• Customer Protection: Ensures you can cover expenses if a product unintentionally harms a customer or their property.
• Brand Reputation: Protects your brand by resolving claims professionally and efficiently.
• Risk Mitigation: Helps shield your business from the financial impact of large claims and lawsuits.

Examples of Product Liability Claims

Product Liability Insurance covers various real-life scenarios, such as:

• Manufacturing Defects: A product with a flaw causes an injury, leading to a claim against your business.
• Design Flaws: A defect in the product’s design results in property damage, and your business is held liable.
• Inadequate Instructions or Warnings: A customer is injured due to missing or unclear product instructions, leading to a liability claim.

Getting a Quote for Product Liability Insurance

Our agents would love to help you find the right Product Liability coverage for your business. To get started, please provide:

• Product Information: Description of the types of products you manufacture, sell, or distribute.
• Sales Volume: Annual revenue from product sales to determine coverage needs.
• Claims History: Any past claims or incidents related to your products.
• Safety Protocols: Information on quality control and safety procedures in place to reduce product risks.

Why Choose Us for Product Liability Insurance?

• Tailored Coverage: Our agents customize policies based on the specific risks associated with your products.
• Affordable Solutions: We offer competitive rates to protect your business without compromising coverage.
• Expert Guidance: Our agents would love to help you navigate your options and select the right product liability policy for your business.