Call Us CALL US TODAY | (888) 888-0972
Auto Insurance AUTO

Auto insurance protects you against financial loss if you have an accident.

Read More
Homeowners Insurance HOME

A standard policy insures the home itself and the things you keep in it.

Read More
Business Insurance BUSINESS

Discover the perfect insurance options to meet your specific and unique needs.

Read More

WarehouseOne form of business insurance not to overlook is business insurance. This type of coverage can provide a wide range of protections for today's businesses. If you have not done so yet, take a closer look at how this specific type of business insurance can help you, especially if you sell products or services.

What is Product Liability Coverage?

This type of insurance coverage offers specific protection to your business from risks associated with bodily injury or property damage resulting from a defect in a product that you sold, distributed or manufactured. It can also help with providing coverage for instances in which damage occurs because you failed to provide proper instructions or didn't warn the buyer about the risks related to the item. More so, it can help you with both fees associated with losses and legal defense funds.

What Can it Cover?

This type of product liability insurance can work for many needs. If you fit one of the criteria below, it is quite valuable to have the right amount of coverage in place:

  • You manufacturer products of any type.
  • You are import products.
  • You distribute products.
  • You make or sell parts or components.
  • You assemble or install products.
  • You are a wholesaler.
  • You are a retail store that sells directly to the consumer (online or in person).

When you take a closer look at these risks, you can see why this type of coverage is so important. For example, if you sell an item that leads to the choking death of someone, it may be directly your company's financial responsibility to pay for those losses. That can amount to thousands of dollars. If someone uses a product and it fails, and it costs that person in any way (property damage, medical injury, or even financial loss), you may be held liable for their losses.

If you are in any of these instances and you do not have product liability insurance in place, ask yourself whether your company could cover the financial loss from a single claim. What if an entire batch of products caused dozens of claims? With business insurance, you do not have to worry as much about such risks.

We’ve got you covered. Call Afformic Auto Insurance at (888) 888-0972 for more information on Dallas business insurance.

Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version
Facebook
Twitter
LinkedIn
Google+
ACCC
Affirmative
Empower
Foremost
Hallmark
Midlands
Progressive
© Copyright. All rights reserved.
Powered by Insurance Website Builder