Business Insurance

Product Liability Insurance

Product Liability Insurance

Don’t let one faulty product destroy your entire business

Product liability insurance is designed to protect your business if you’re sued because a product you sell, assemble or supply has caused harm to a person or to their property.

What do you need to know?

  • Who should consider it?

    If your business makes, assembles, grows, promotes or supplies products to individuals or companies, you should consider product liability insurance.

  • What can it cover?

    Product liability is usually part of a public liability policy. It can help cover you against the cost of investigating and defending your business against a claim made against you and your product. It can also cover the cost of any damages awarded to a customer if your business is found to be at fault.

  • What isn't covered

    There are exclusions. There is also often a deductible or excess and limits on cover, so check with your Steadfast insurance broker.

Find a Steadfast Broker

Get the right advice at the right price and have a local Steadfast broker on your team.

Case Study

Protect your business from risks arising from faulty products

Contaminated sunscreen class suit

The offshore manufacturer of George’s sunscreen accidentally contaminates the product with chemicals that cause customers to break out in a painful rash.

They file a class suit against George to compensate them for the injury. Luckily, George’s policy covers him for the costs of going to court and the damages awarded to the customer.