Product liability coverage protects your company from lawsuits that result from injuries, illnesses, or property damage linked to one of your products. (insuranceopedia.com)
The rate charged for product liability coverage depends on the nature of the product. (thebalance.com)
For example, whereas a physician needs to have a form of professional liability coverage known as malpractice, a company that provides pharmaceutical products will need product liability coverage. (trustedchoice.com)