Product Liability Insurance
Designed to protect your business and help you get into retail stores.
Whatever Your Contribution, We’ve Got You Covered
Quick Turnaround | Affordable Policies | Experienced Agents | Customizable Coverage
Why Choose Insurance Canopy?
We Have A (Nearly) 5 Star Rating
Great company easy to work with, and they even sent me reminders about my renewal!!!! Thank you so so much
Fast, easy, always there. As a mobile dj it’s important to me to have access to a cost friendly insurance option when needed. That’s exactly what you get! Great policy at a great rate. Thanks!!!
My first time using this Company I like the ease of navigating through the site.
Very reliable and affordable insurance. Customer service is outstanding and hassle free when renewing.
I loved working with insurance canopy. Their customer service was so available and willing to answer my questions as a first time business owner. Great pricing, quick, and easy.
What Is Product Liability Insurance?
Product liability insurance provides financial protection for claims if a product you sold, produced, or distributed leads to:
Without insurance, you could be paying thousands of dollars for legal fees, repairs, or medical bills all on your own. You may have to halt business or recall products, and you risk damaging your reputation.
View our Product Liability e-Book for additional facts, statistics, and information about product liability insurance.
Who Needs Product Liability Insurance?
If a customer sustains injuries from using a product you manufactured, they can name you responsible.
You could be held liable if you cross-contaminate or damage a product in transit that later harms a consumer.
If you supply bad materials, a faulty product may end up on store shelves. This could cause you to face fines and loss of business.
Transporting products long distances carries extra risks of damaging products or packaging. Don’t get caught facing a lawsuit alone.
If a product sample or purchased product leads to bodily injury, choking, allergic reactions, or damages their property, you can be liable to pay for medical bills, legal fees, and more.
Some online retailers are required or recommended to carry insurance policies. Insurance Canopy’s plans often meet or exceed retailer requirements.
Whether you handle ingredients, parts, or whole products, you can still be held liable in a claim if the final product causes bodily harm or property damage. Get the necessary coverage you need from Insurance Canopy today.
Suppliers, manufacturers, distributors, and retailers all face the same liability risks and can benefit from the protection of insurance. See what product liability insurance can do for you below, and learn more about how much product liability insurance may cost here.
The Importance Of Product Liability Insurance For Small Businesses
Loss of Business Relationships
Halted or Slowed Business
How Much Does Product Liability Insurance Cost?
On average, our customers pay between $800-$1400 for their annual premiums.
Here are some of the factors that influence how much your premium will cost.
The cost of product liability insurance is dependent on a few factors and can vary depending on your business and operations. Our application takes into consideration the following common factors:
How To Get A Product Liability Quote
When filling out the application, we will ask you for the following information:
- Businesses contact information
- Details of the products and/or services you want covered
- Total gross receipts from all products and/or services
- Preferred limits of liability
- Claims history
What Can Product Liability Insurance Protect Me From?
Insurance Canopy’s policy provides coverage for goods or products manufactured, sold, handled, distributed, or disposed of by you and/or your company. We also offer product recall insurance in case you need to halt or pause production and issue a recall due to a claim.
Even if you have strict product testing and carefully monitor product safety, accidents can still occur. Having product liability insurance helps you protect your reputation, lower or eliminate the cost of claims, and keep business operations running smoothly.
What Products Are Not Covered Under Product Liability?
These Products Are NOT Covered
- Aerosol products
- Baby products
- Products requiring a prescription
- Any product containing human stem cells
- Weapons and firearms, including police and military gear
- Products intended to be injected
- Anything containing more than 0.3% THC
(For THC Higher than 0.3% see our Cannabis Crop & Dispensary insurance)
- Products containing illegal drugs or alcohol