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Product Liability Insurance |
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| Product Liability Insurance Product liability insurance can be quite complex to implement. However its best to have product liability insurance cover if you sell an item or even give it away. Products have to meet certain standards, which are implemented by the Consumer Protection Act 1987. You are legally responsible for any injury or damage which is caused by defects in a products design or manufacture or by a product that you supply, even if you have not been negligent.  If the product that you supply malfunctions and someone suffered a loss, then they are entitled to pursue you for compensation. It doesn't matter if you didn't even manufacture the product. If you sell, manufacture or repair products than it makes sense to be covered by good product liability insurance.
The amount of insurance cover that you can take out is really up to you. The average product liability cover that businesses take out is £2 million, but cover can range form £500,000 onwards. Bare in mind that this value is usually the maximum amount of cover per year rather than per claim. Commercial Insurance Experts, are able to provide insurance quotations for premium product liability products. If you would like a quotation for this type of insurance then please complete our online liability insurance quotation.
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