Product liability coverage may play an important part of your larger commercial general liability plan for your business. Of course, you may take every precaution to ensure that your product meets or exceeds safety and quality standards for the industry, but mishaps may still occur. Unforeseen circumstances may lead to damage or injury from a products use. Liability coverage may protect you and your company from expensive and even financially debilitating losses from claims.
When considering the amount of coverage you may need, think hard about your product. It is likely you have spent some time planning for its successful marketing and distribution. To make certain you have covered all the bases, it may be important to think about production as well. Imagine some scenarios in which something may go wrong, such as property damage or injury deriving from use of the product.
While you may feel certain that what you produce is safe, it may be wise to offer the consumer good information on how to use it properly. You may avoid claims from damage or injury involving misuse with the addition of warning labels, detailed instructions for use and indications that the product has undergone tests for quality control. You work hard to do all you can to produce quality goods. Commercial general liability may include the product liability coverage to provide you with the security to produce and distribute your product with confidence.