Product Liability Insurance
Customizable Protection Against Product Liability In Manufacturing And Supply
Coverage
How Much
Who Needs
How does it work
Why is it important
How to Claim
What Does Product Liability Insurance Cover?
If your business manufactures, distributes, or sells physical products, you face real risks: What happens if your product causes harm, injury, or damage? That is where product liability insurance comes in.
At Azure Risk, we help businesses mitigate exposure and guarantee continuity by offering innovative and customised product liability coverage backed by advisory support.
Why It Matters More Than Ever
One faulty batch or overlooked detail can trigger massive claims in today’s fast-paced world of instant reviews and rapid legal action. According to Allianz Global Corporate & Speciality, product liability is among the top five causes of global corporate insurance claims, with average claims costing over USD 2 million per incident in some industries.
Being underinsured is a significant business risk, whether you run a local brand or an international supply chain.
What Does Product Liability Insurance Typically Cover?
1. Bodily Injury
You could be held responsible if someone is injured while using your product, even if the injury results from incorrect use.
2. Property Damage
When your product causes damage to someone’s property, such as an appliance catching fire, insurance covers the repair or replacement costs.
3. Legal Fees and Settlements
From legal defence costs to court-awarded damages, your policy absorbs the financial shock of lawsuits.
4. Manufacturing or Design Defects
Even when a production or design error leads to harm, this coverage ensures you are protected and supported every step of the way.
5. Failure to Warn
If your product lacks adequate safety instructions or warnings, your business could be held liable for resulting injuries.
6. Contractual Requirement
Likely the greatest motivator to seek product liability insurance is to satisfy a contractual requirement dictated by a client. For example, when selling to Walmart, Costco, or even Amazon, the seller must show proof of insurance, including product liability insurance, and likely others.
Your Insurance Expert
We deliver tailored advice to fit our clients’ requirements and ensure they understand the options available to them. Contact us for a free personalized assessment of your policy needs.
Why Choose Us?
We at Azure Risk combine deep industry expertise with a commitment to understanding your business. Partner with us to protect your operations and reputation with a policy that evolves alongside your company’s ambitions.
Get in touch today to learn how our Freight Forwarders Liability Insurance can safeguard your business, your cargo, and your peace of mind.
Who Needs Product Liability Insurance?
This coverage is essential for:
- Manufacturers and OEMs
- Importers and distributors
- Retailers and wholesalers
- Sourcing Office / Agent
Private label brands (Even if you did not make the product, you can still be held legally responsible for damages caused by it.)
Protect Your Product, Protect Your Business
Do not wait for a product failure to cost you customers or your company. Azure Risk provides advisory-led product liability insurance tailored to your industry, operations, and exposure. Let’s create a risk strategy that evolves with your growth!
We can arrange standalone policies for master policies covering the principal, with extensions covering each supplier.
Contact Azure Risk today for a policy review or free consultation.
