What is product liability insurance?
Product liability insurance protects a business should a customer allege bodily injury or property damage as resulting from the supply of faulty or defective products.
A business will have legal responsibilities for the quality of product or goods supplied and consequently may face claims the product causes injury or damage.
Are there restrictions on the type of products I can supply?
Our policies are tailored to you so we would be able to advise on the cover you need based on your business. Inform us of the type of products you work with and we’ll aim to source cover that fits.
Am I covered for the lifespan of the product and will your policy cover me?
Product liability cover is a type of insurance where you are covered by the policy in force at the time (date) the incident giving rise to a potential loss or injury occurred. So with insurance in place when you sold / supplied / produced the product, if client makes a claim against you 2 years later, it must be claimed off the insurance policy in force at the time the accident occurred.
Do I need product liability insurance?
Though product liability largely relates to producers, your business could be held liable for a faulty product even if you are only the distributor. Whether you are a manufacturer, supplier, distributor or retailer; if your business makes products available to the public, you may be liable for any injury or damage they cause. It’s therefore important to have the right insurance in place.
Who is liable if an injury is caused by a defective product?
Below are some instances where product liability may still be the business's responsibility even though they are not the manufacturer:
- If the product includes your company's name i.e. white label products
- If the product has been imported from outside the European Union
- If the true manufacturer of the product has gone out of business or can no longer be identified
- If your business repairs, services or fixes an existing product.
- If your business is involved in any aspect of the production of the goods - from supply of components, manufacture, assembly, printing, painting or packing
If you’re unsure if product liability insurance is something your business needs, just ask the team. We can identify whether your business requires the cover then find the most suitable insurance solution for you.
Can I pay in instalments?
To help you spread the cost of your premiums, we offer a quick and easy direct debit scheme for spreading payment over ten months. Please visit our dedicated Direct Debit page to find out more.