Liability Insurance: A Safety Net for Your Business

Liability Insurance: A Safety Net for Your Business

Lawsuits about defective products often become public ordeals that demand a considerable amount of money, time, and reputation rebuilding efforts. Products liability insurance provides a safety net for companies of all sizes regarding the possibilities of claims and litigation caused by defective products. Who Needs Products Liability Insurance Any company that designs, manufactures, distributes, or sells a product can benefit from this insurance policy. This is because liability claims can be filed against all businesses involved in the whole production and distribution chain. Some examples of everyday commodities that are highly susceptible to greater scrutiny include food products, electronic devices, and automobiles. Food production is tricky since any adverse reaction […]