Product Liability Insurance

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nrumohammadx
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Joined: Sun Dec 22, 2024 4:19 am

Product Liability Insurance

Post by nrumohammadx »

If a consumer is hurt or becomes ill as a result of one of your products, product liability insurance protects you from a lawsuit.

Even if you're just selling old products on eBay or another similar website, you could need this protection if you create and/or sell a product to clients (whether you sell directly to retail customers or you're just part of the supply chain).

Product liability can come inside other insurances like public liability, but it can also be purchased separately.

Who should consider product liability insurance? Any business size russian email address list that designs, produces, supplies, retails, or otherwise sells products.

Public Liability Insurance
The most common type of business insurance that you will see and is a must-have is public liability insurance. If you or members of your team work with the public (this includes vendors, suppliers, clients, and customers), you'll need Public Liability Insurance.

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This type of insurance covers property damage or bodily injury claims from third parties - it covers your legal defense costs and the compensation you may need to make.

Surprisingly this type of insurance isn't always a legal requirement but is one of the most common businesses that face the public will need.

For example, if you bake cupcakes and deliver them to a residence, you reverse into a wall and break it
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