Product Liability insurance is designed to protect you against third party claims for damage or personal injury as a result of a product that you have manufactured or supplied. It is an important way of protecting you against potentially costly litigation claims.
It is important to remember that when it comes to Product Liability, you don’t actually have to have manufactured the product itself to be liable if something goes wrong. Simply commissioning an item which bears your brand name, or selling a product in a shop or even online means you could be liable as the supplier of the item. Indeed, the courts can also rule in favour of the claimant against you if you have repaired or reconditioned a product, even in you weren’t the person who first sold or supplied it to them. Product Liability Insurance can be complicated, so to ensure that you and your business are protected, there is no better reassurance than seeking advice from an expert in this field.
You should consider Public Liability insurance if you are supplying your goods or services to the public from your premises, and that includes your home if you are a homeworker and your customers visit you there.
Compensation payments, legal fees and the associated costs of any action can be extremely punitive without the right insurance in place to cover you. Public Liability insurance can protect you in the event that a customer or visitor to your premises suffers an injury or loss as a result of your business activities, and is often a prerequisite for working with public bodies such as local authorities and education providers.
Having Public Liability can also protect you when you carry out business activities away from your office premises by extending your Public Liability.
You can find out more about the most appropriate Public and Product Liability cover available for you and your business by getting in touch with our business insurance team.