Insurance Canopy's Product Liability for Household Products.
Quick Quote Turnarounds
With an efficient, streamlined process, Insurance Canopy can provide you with a product business insurance quote within 48-72 hours. Our team has over a decade of experience in the insurance industry and can help you meet needed insurance requirements. They can help you understand the details of your business, answer any questions you may have, and help you focus on what’s important--your business.
Support From Experienced Agents
Succeeding in the ecommerce industry means consulting with professionals who can help you progress and meet industry standards. Our agents are well-versed in the needs of household product creators, manufacturers, and distributors and can help you find the necessary coverage for your specific business needs.
Understand Retail Requirements
Navigating retailer contract requirements in relation to insurance can be confusing. We can help you understand what you’ll need to break into the retail space. With years of experience reviewing the insurance portion of retail contracts, our agents can help you understand what your business needs to meet these requirements
Coverage Details
General Liability Limits
The most your policy will pay in a 12 month policy period for bodily injury and property damage claims that you become legally obligated to pay due to your business and professional services.
$2,000,000
The maximum amount your policy will pay in a 12-month period for bodily injury and property damage claims that result from the products you use to perform your services. However, it does not cover your products that are sold or distributed.
$2,000,000
The amount that your policy will pay for claims arising out of one or more of the following offenses:
– False Arrest, detention or imprisonment
– Malicious prosecution
– Wrongful Eviction or Wrongful Entry
– Oral or written publications that slander or libels a person or organization
– Oral or written publication or material that violates a person’s right of privacy
– The use of another’s advertising idea in your advertisement
$1,000,000
The maximum the insurance carrier will pay for a bodily injury or property damage claim that you become legally obligated to pay due to your business and professional services.
$1,000,000
Applies to damage by fire to premises rented to the insured and to damage regardless of cause to premises (including contents) occupied by the insured for 7 days or less.
$300,000
A general liability coverage that reimburses others, without regard to the insured’s liability, for medical or funeral expenses incurred by such persons as a result of bodily injury (BI) or death sustained by accident under the conditions specified in the policy.
$5,000
Still doing your research?
Have questions?
Our licensed agents are available to answer any questions you may have (se habla español)
Insurance Highlights
- Additional Insured Endorsements
- Inland Marine Coverage
- Hired/Non Owned Auto Coverage
- Employee Benefits Liability
- Trade-show Coverage
- Product Withdrawal Coverage
Business Classes
- Sellers
- Manufacturers
- Importers
- Distributors
- Wholesalers
Questions About Product Liability Insurance For Health & Household Products
Product liability insurance for health and household products protects those who produce, manufacture, distribute or sell health and household equipment from liability claims that may arise from their products’ exposure to consumers. If your product causes bodily injury or property damage to another person or piece of property, you could be held responsible for the costs associated with those damages. Defense costs alone could put a business under.
Product liability insurance can protect your business from claims arising from your health and household equipment that have been sold in the marketplace. Every product carries unique risks, and Insurance Canopy can help protect you against those risks.
The health and household equipment you sell exposes you and your business to lawsuits. The median product liability award in 2017 was $1.5 million. One of the main issues business owners have faced and continue to, is concerns around liability arising from their products and operations. In our litigious society, more and more third-party lawsuits are being filed, and you can’t keep your business exposed to that risk.
Under the definition of “strict liability,” a person who is injured by a product may be entitled to compensation for their injuries without showing that the manufacturer or seller of the product was actually negligent. Attorneys costs, court fees, medical bills, and settlement costs can accumulate at a staggering rate. Not having liability coverage puts everything you have built at risk.
Product liability insurance from Insurance Canopy for your health and household can help protect your business from claims arising from your products and likely protect you from paying for a lawsuit out of your own pocket.
Your product liability insurance policy for health and household can be tailored to fit the unique needs of your business. We’ll provide coverage options for your product liability policy based upon the exposures that you may have.
Our product liability policy provides coverage for the health and household equipment or goods manufactured, sold, handled, distributed, or disposed of by you and/or your company. The policy also includes protection from providing, or failure to provide, warnings or instructions about your products.
Canopy provides product liability insurance for health and household equipment to both large and small businesses.
Yes! Just one claim against your household products business could be financially damaging and you’d be glad you were insured. Plus, if you’re attempting to expand your business, most retail contracts require you to have product liability insurance for your products.
The cost of product liability insurance is much more cost effective than the amount you’d have to shell out if your business was involved in a lawsuit. The cost of liability coverage for health and household is based on many variables which include: the product you manufacture, distribute or sell, the volume of sales, where your organization fits in within the chain or commerce, geographical location, and so on.
Our agents can help you find the best competitively-priced premium for your policy.
Choosing the right insurance is critical.
