You may be working nonstop to create great products for your business, but even the best designs and highest quality materials can still result in issues with your merchandise. A customer might get sick or injured by your product, or the item might be defective, hurting your company’s reputation.

Whether you manufacture, distribute, or sell products, your business could face potential liability claims if something goes awry with the products you offer. Product Liability Insurance helps protect your business when those situations arise.

Today’s Aegis blog takes an in-depth look at Product Liability Insurance, coverage which is vital if your business makes or sells any kind of physical or digital product. Also learn how Aegis Insurance & Financial Services can help you add this essential coverage to your Business Insurance portfolio.

How Product Liability Insurance Works

A Product Liability Insurance policy helps when a customer or third-party claims an injury or property damage caused by a product you sold. A defective product, labeling error, or injury can quickly lead to legal action that costs a lot of time, money, and resources.

Even businesses that never physically manufacture products can be held responsible simply for being part of the supply chain. Adding Product Liability coverage to your business insurance portfolio offers your business financial protection if an issue with your product leads to liability claims.

What Product Liability Insurance Covers

Product Liability Insurance typically includes:

• Legal defense costs
• Settlements and court judgments
• Claims related to design defects, manufacturing defects, or inadequate instructions

The policy ensures your business has the resources needed to handle liability claims for product defects, problems, or injuries without jeopardizing your company’s financial future. Without coverage, even one claim can threaten your business finances and long-term future.

Businesses That Benefit Most From Product Liability Coverage

If your business puts products into customers’ hands, your business is at risk. Product Liability coverage is a must-have policy for all types of businesses across a wide range of industries.

These include:

• Manufacturers
• Wholesalers
• Retail stores
• Distributors
• E-commerce businesses

Whether your company sells food, electronics, software, apparel, or other consumer goods, your business could benefit greatly from this coverage.

Why This Coverage Is Essential for Stability

Product claims can escalate quickly and harm both finances and reputation. Product Liability Insurance helps protect your brand and keep operations running.

Without this essential policy in place, a single liability issue could tie up your finances and business resources for months or even years as you deal with litigation proceedings, court fees, and possible out-of-pocket settlements or judgements.

Protect What You’ve Built

If your business sells products, don’t leave your product liability risk unaddressed. At Aegis Insurance & Financial Services, we specialize in helping business owners secure the policies needed to protect all facets of your business.

Contact Aegis Insurance at 713-850-7622 to discuss Product Liability Insurance, and how we can work together to craft a Business Insurance portfolio that fully protects the scope of the business you’ve worked hard to build.