Tagproduct liability insurance

Product Liability Insurance for Importers of Goods

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Shipyard, with a cargo ship being unloaded by workers using cranes, while in the background, a team of inspectors carefully examines the imported goods for any potential defects

Are you an importer? Then you need to know about the importance of product liability insurance. Without it, you could face serious risks. Don’t make the mistake of overlooking this crucial coverage. In this article, we’ll explore key factors to consider when choosing product liability insurance. We’ll also discuss common mistakes to avoid and steps to take in the event of a...

Navigating the Risk: How Medical Device Manufacturers, Distributors, and Retailers Can Protect Their Business from Products Liability

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Becoming a Successful Real Estate Sales Agent

As a manufacturer, distributor, or retailer in this industry, you are likely aware of the importance of ensuring the safety and well-being of your customers. However, it can be difficult to know exactly what steps to take in order to minimize the risk of harm to consumers and protect yourself from potential legal action. In this article, you will learn about the concept of products liability and...

How To Find The Right Product Liability Insurance Policy

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Product liability insurance can be included among the concerns and needs that all businesses, small and large, have when it comes to working with products. This type of policy is a necessity when it comes to protecting the financial future and the hard-earned profits of such businesses. If you are searching for a company that can offer assistance in securing appropriate product liability...

Do Product Wholesalers Really Need Product Liability Insurance?

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In the world of insurance, product liability insurance has a significant role to play; however, without having an in-depth knowledge of this insurance type you can hardly avail its benefits. It is a common misperception that the product liability insurance is beneficial to product manufacturers only. As a matter of fact, product liability insurance is one of the types of insurance policy that is...

Product Liability Insurance Coverage: What Should You Look For?

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Product liability is one of the most common nightmares of distributors, sellers, lease-granters, and manufacturers of products. These days, there is hardly any company that has been able to escape product liability lawsuits. These lawsuits that involve product liability may drag not only the finances of your company downhill, but they also jeopardize the reputation of your company! So, it is...

Should a Business Owner Purchase General Liability Insurance?

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Entrepreneurs looking to start a business today have many risks they face in the area of liability. Not only do business owners have to pay careful attention to their startup costs, their sales and marketing, their payroll, the quality of the products and services they provide, and their customer service; they also have to be aware of the ever-present risk of being held responsible or being sued...

Why Manufacturer and Distributors Need Product Liability Insurance

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From the time the product is manufactured in a factory, wherever that factory is located, to the time you purchase it at your local store and afterward product liability comes into play. Companies and businesses need to have this insurance, so if sued they still can remain in business, with higher insurance rates. The local businessman especially needs this insurance because if he is sued, unlike...

Discover How Product Liability Insurance Coverage Can Protect Your Small Business from Costly Defect Claims and Lawsuits

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Owning your own small business can be a very rewarding and satisfying accomplishment. It can also be extremely risky if you are providing a product to the public. Many times due to no fault of our own, someone may be injured by one of the products you manufactured or sold to a distributor or consumer. Just one lawsuit can ruin the business, that took you many years to grow and perfect. Anytime...

The Benefit of Insuring Your Manufacturing Business with Product Liability Insurance

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If you are a product manufacturer, you are responsible for all damages (personal or property) that may be caused by the goods you sell, manufacture or import. Regardless of whether the damage was caused to a client or to a third party, you will be liable. For example, the craftsman who creates jewelry is liable if the jewelry contains metals that cause allergies, and the restaurant is responsible...

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