Product Liability Insurance For Importers
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Insurance For Importers
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What Is Product Liability Insurance For Importers?
Product liability insurance for importers is a type of insurance plan designed to protect your business and the products you transport. If someone is hurt from your business operations, or a product you moved, you could be facing crippling financial burdens from a lawsuit.
Insurance Canopy helps importing businesses lower or eliminate the cost of claims for:
Do Importers Need Product Liability Insurance?
Yes, importers need product liability insurance. If a product is damaged during shipping or transportation, it can lead to bodily injuries or property damage. Your business could be sued for causing the damages that led to an accident.
You also run the risk of being named liable in a lawsuit just for transporting defective products. Most product liability claims are caused by faulty design or manufacturing. If your business is the one that imported the defective item, you are now in jeopardy of being included in a lawsuit.
From bills to legal fees and even product recall expenses, these costs can add up quickly. Insurance Canopy may help you lower or eliminate the price you have to pay for a claim.
Trusted Coverage From Insurance Experts
How Much Does Product Liability Insurance For Importers Cost?
The cost of product liability insurance for importers will vary from business to business. Our agents will customize your coverage and calculate your premiums based on:
It’s free and easy to get an import product liability insurance quote. Simply submit an application in minutes online and a member of our team will be in touch within one business day.
Product Liability Insurance
Licensed In All 50 States
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Here's what other people have to say about their experience.
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February 27, 2023 -
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September 26, 2022 -
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February 6, 2023 -
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Easy to set up And good price! I did shop around and found this company took me 20 minutes to get everything done ...got a custome made Liquor Liability insurance... Read More Anual plan
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August 26, 2022 -
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February 13, 2023 -
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February 6, 2023
Coverage Details
General Liability Limits
$2,000,000*
This is the maximum amount your policy will pay in a 12-month period for product liability claims and completed operations claims.
– Product Liability claims are the result of bodily harm or property damage incurred by your products
– Completed Operations claims are the result of bodily harm or property damage incurred by business operations conducted away from your business’s premises—even after business operations have been completed or abandoned
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
$300,000
$5,000
Endorsements and Additional Coverage
This is the maximum amount your policy will pay for an employer’s error or omission in the administration of an employee benefit program, such as failure to advise employees of benefit programs.
$1,000,000
With certain exceptions, this is the most your policy will cover for damages to auto vehicles your business rents, leases, borrows, or hires for business operations.
$1,000,000