Product Liability Insurance For Industrial Products
Protect Your Industrial Products Business Today
Product Liability Insurance For Industrial Products
Businesses who manufacture, import, or distribute industrial products inherit many risks. If your business is in the supply chain of industrial products, then you need product liability insurance, which is designed to protect your business against claims and lawsuits that arise from your products’ exposure on the market. From bodily harm to property damage, you could be held legally liable if your product were to harm someone or something. Protect your business with a product liability insurance policy from a leader in the insurance industry who can give you peace of mind and help you get your products into the hands of those who need them.
Quick Quote Turnarounds
With an efficient, streamlined process, Insurance Canopy can provide you with a 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 industrial 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.
1 Additional Insured: $15, Unlimited Additional Insureds: $30
General Liability Limits
The most your policy will pay for bodily injury and property damage claims occurring within the policy term that you become legally obligated to pay due to your business services.
The maximum amount your policy will pay for bodily injury and property damage claims occurring within the policy term that result from the products you use to perform your services. However, it does not cover your products that are sold or distributed.
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
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.
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.
An additional cost will be added for this coverage. See the application for additional coverage details for Cyber Liability Insurance.
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- Additional Insured Endorsements
- Inland Marine Coverage
- Hired/Non Owned Auto Coverage
- Employee Benefits Liability
- Trade-show Coverage
- Product Withdrawal Coverage
We cover all stages of product handlers:
Questions About Product Liability Insurance For Industrial Products
Product liability insurance can protect your business from claims arising from your industrial products that have been sold in the marketplace. Every product carries unique risks, and Insurance Canopy can help protect you against those risks.
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 industrial products 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.
Our agents can help you find the best competitively-priced premium for your policy.
Our product liability policy provides coverage for the industrial 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 industrial products to both large and small businesses.