Product Liability – isn’t this only for manufacturers or for “risky” products?
No, is the short answer. Products liability insurance is also relevant for businesses involved in design, assembly, repairing and supplying. So, if you are a retailer, supplier or distributor you are exposed to product liability claims. Clearly, some products are more hazardous than others but what would happen if your product caused an accident; even if you think it is not your fault? This is when your Products liability policy steps in to defend and protect you.