Sentences with phrase «product liability coverage»

Product liability coverage protects your company from lawsuits that result from injuries, illnesses, or property damage linked to one of your products.

The rate charged for product liability coverage depends on the nature of the product.

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.

Product liability coverage protects the business if the business is liable for damages to a person or property caused by a product supplied, designed or manufactured by the company.

For instance, if you are selling apples to the public that you grew in your orchard, your general farm insurance policy would provide product liability coverage if a child breaks a tooth when biting into one of your apples.

For instance, if you're selling apples to the public that you grew in your orchard, your general farm insurance policy would provide product liability coverage if a child breaks a tooth when biting into one of your apples.

Businesses that manufacture potentially hazardous products, such as pharmaceuticals or insecticides, may have difficulty obtaining product liability coverage from a standard insurer.

If your business is not incorporated or a Limited Liability Company to help shield your family from business liabilities, explore a small business insurance policy with extra product liability coverage.

Just keep in mind that an AgriChoice ® farm policy provides general farm liability coverage for premises and operations liability.1 It also provides some limited farm product liability coverage.

If you feel any of these forms of coverage are missing from your policy, or if you are starting a business and need product liability coverage, speak to a Gaudette Insurance Agency, Inc. agent or request a quote today.

These packages normally combine professional indemnity with public and products liability coverage.

Often these professionals might also need other forms of liability coverage such as general liability insurance or product liability coverage.

Product liability coverage is similar, but covers any claims related to your products away from your property.

For example, large businesses that need property insurance, directors and officers liability coverage, professional liability coverage, product liability coverage and insurance for a commercial fleet of vehicles often need to budget over a million dollars annually for their insurance costs.

Product liability coverage will protect your business if it is sued due to a product malfunction or faulty design.

Nearly one - fourth of the city's businesses belong to the manufacturing sector, where the need for workers» compensation insurance and product liability coverage is especially important.

The Washington regulatory structure requires licensees to carry General Liability and Products Liability coverage, and there are three competing coverage forms out there.