Product liability insurance is a specific part of business insurance which covers the legal aspects of any product manufacturing company, regarding their product. For businesses working in the dietary supplement and nutraceutical industry having this type of coverage is critical.
If the...
Before shopping for a product liability insurance policy, it is understandable for you to wonder if you even need one in the first place. Well, as you’re bound to discover in your search for relevance and necessity, you will come to realize that virtually every business owner needs to...
Nowadays, there are insurance policies to suit virtually every issue or scenario. In areas where they happen to be absent, customized policies can be formulated, and premium charges appropriately applied. For people whose businesses fall in the area of production, product liability insurance is...
If you are an IT professional and wonder why you need technology liability insurance, when you already have business or commercial general insurance, you have paid for exists, then there are few things the latter never covers. Specialized insurance for IT Professionals exists, you just need to...
Product liability insurance is one of the few insurance policies that are considered to be most vital in the commercial sector. This insurance product was specifically designed to target manufacturers, distributors and all related traders of fast moving consumer goods. This insurance coverage is...
Product liability is a major concern for businesses, but some don’t reali e that they even need product liability insurance for product claim protection. Sadly, many business owners falsely assume that only the manufacturer of a product would be liable for any injuries or damage that a user of...
Starting a business today is easy but you really need to make sure you have the proper type of insurance coverage in place before you start selling products. You might be wondering what type of insurance coverage you really need. There are different types of insurance policies some cover product...
Business insurance can be a complicated subject, and product liability insurance is no exception. Sometimes it can be confusing to understand exactly what the policy covers, and why a business needs it in the first place.
Here are three situations that can come up, that might invoke a lawsuit...
When it comes to law suits or legal claims, a business can truly suffer significant financial harm (and sometimes go out of business) if they aren’t prepared to deal with the expenses involved in legal proceedings, settlements, and judgments. Businesses can be held liable for a good number...
Read full article @: imediagame.comThis is not a very new addition to the insurance market. Product liability insurance is helpful from a number of years, but its use is increased in past few years because of the increased exposure of wholesalers, manufacturers and retailers. They know that claim made against their business from...
Read full article @: imediagame.comProfessional liability insurance is a must for IT consultants since it covers the damages that are caused in the form of financial losses from omissions and errors. It is important to know that insurance for techs does not offer protection against damages caused due to personal injury,...
Read full article @: imediagame.com