While product liability insurance is a voluntary policy, it can protect your business against legal and financial liabilities in the long run, especially if you manufacture or sell tangible products.
You should consider investing in product liability if:
• You produce or manufacture products
• A product bears your business’s name, logo or mark
• You are in the business of repairing, changing or reconditioning existing products
• You import your products from outside the European Union
• You are a retailer or a wholesaler who supplies products
• As a supplier, you cannot identify who manufactured the products you sell
Bespoke product liability packages by IC Insurance would cover:
• Your legal expenses, regardless of whether you are liable
• Compensation for personal injuries caused by your product
• Compensation for damage to property
