It’s the insurance that covers you if a product you make, sell, or even just distribute ends up causing harm to someone or their property.
Majorly, it’s meant for manufacturers, wholesalers, retailers, importers, or anyone related to the supply chain if their product causes an injury or property damage.
It depends on various factors. Such as:
General liability insurance gives basic protection, but sometimes you need more. Standalone product liability insurance is worth considering if:
Standard product liability insurance often excludes:
Product recalls can be incredibly stressful and expensive. Imagine the cost of alerting customers, pulling every item from stores, storing them safely, and cleaning up your brand’s reputation.
That’s why most standard policies don’t cover these costs. You need product recall coverage for it. It covers things like:
You want enough coverage to protect your business, but you also have to think about your bottom line. For instance,
Product liability insurance can seem complicated, and honestly, it is! But you don’t have to navigate it alone. At Edify, we’re here to break it all down in plain language, help you spot your unique risks, and find the coverage that makes sense for your business and your budget.
Don’t let a simple mistake jeopardize all the hard work you’ve put into your business.
Reach out to us today to protect your livelihood, your reputation, and your peace of mind.
