Florida Product Liability Insurance
We are Florida's Product Liability Insurance Experts.

How To Ensure Your Company’s Bottom Line With Product Liability Insurance
Starting your own business is a wonderful, worthwhile endeavor that can give you a great livelihood while giving the world a great new product or service. And though it can be tempting in these tough economic times to shave the expenses, cut overhead and look for each and every way possible to cut corners off of the expense sheet, one of the areas where you should not skimp is with insurance. Especially if your company produces a product for mass, commercial markets, you need to protect your business interests through the procurement and maintenance of a comprehensive product liability insurance policy.
A product liability insurance policy is a form of insurance coverage that protects you and your business from liability claims related to the sale, installation, use and misuse of your products by clients, customers and demonstrators. A comprehensive product liability insurance policy will cover both the manufacturer of the product, and the sale representative of the product, be it a distributor or a commercial outlet against injuries or damages that result from your product. This is a valuable tool to protecting your financial interests in the event that something goes wrong with your product, or in the event that a customer or client misuses your product.
Manufacturing Flaws And Defects
A product liability insurance policy will cover you whether you manufacture the product or if you sell the product, if there are any manufacturing flaws or defects inherent in the product. This can cover you if there is something small, like a line worker that forgot to tighten something, or if there is a major, sweeping flaw in the manufacturing process.
Flaws Or Defects In Design Of The Product
A comprehensive product liability insurance policy will also protect you, whether you sell a product or you make the product, if there is any kind of flaw that pops up in the design of the product itself. Say, for example, that Widget A rolls off of the line, but after a few months it becomes obvious that due to a poor design flaw, some people are injured. This insurance coverage will cover you against claims made on the basis of design flaws.
Flaws Or Misleading Instructions Or Product Warnings
Also, if your product is found to have any kind of flawed, unclear or misleading instructions or warnings, product liability insurance will cover you against the claims made for liability damages.
Liability For Ancillary Or Accidental Injury
And, if there are any random accidents or other kinds of incidents involving injury, even if there is no direct link to defects or flaws, product liability insurance will cover you.
Remember, though, that the standard comprehensive product liability insurance policy only covers damages related to claims made due to injuries related to your product. It does not cover you for damage claims made for destruction or damage to personal property.
The best, safest way to ensure the future viability of your company, whether you produce or you sell a particular product is to obtain and maintain a certain level of product liability insurance.
There is much, much more to a Product Liability Insurance Policy in Florida, and the best way to understand how it will protect your business is to Request a Quote to discuss your unique situation.
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