Who Needs Product Liability Insurance?

Designing, manufacturing, or selling physical products comes with real risks, but you do not have to face them alone. Product liability insurance offers essential protection, regardless of whether you are a startup bringing a new idea to life or a global brand expanding your reach.

It helps safeguard your business from claims related to injury, illness, or property damage so you can grow confidently.

Businesses That Need Product Liability Insurance

According to data from the U.S. Consumer Product Safety Commission (CPSC), over 12 million people sought emergency treatment for product-related injuries in 2022 alone. That means even a minor defect or failure in your product could expose your business to costly litigation and reputational risk.

You likely need product liability coverage if your business falls into one of these categories:

Factors That Influence Your Coverage Needs

No two businesses are alike. Here is what typically affects the amount of product liability coverage you should carry:

1. Manufacturers & Producers

Whether you make food, electronics, cosmetics, or tools, it is your responsibility if it leaves your facility.

2. Importers & Distributors

You may be held liable for defective products, even if you did not manufacture them.

3. Retailers & E-commerce Stores

Selling products online or in-store still puts you at risk, especially if you are the final seller to consumers.

4. Private Label Brands

Putting your logo on another company’s product? You are legally seen as the manufacturer.

5. Contract Manufacturers

Companies that produce components for others can also be liable if their part causes failure.

Even if you operate in a low-risk industry, a single incident could trigger six-figure legal fees or settlements. Product liability insurance protects your balance sheet, brand, and future.

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.

Secure Your Business With Azure Risk

At Azure Risk, we specialise in guiding businesses through complex liability exposures. We will help you determine the right level of product liability insurance, tailored to your industry, sales channels, and product risk.

Let’s talk today about how you can protect your operations with proactive coverage.