If you’re sending thousands of products out into the world, the unfortunate reality is that eventually someone will be injured (or will allege they’ve been injured) by a product you’ve sold. The best way to protect yourself and your business from financial ruin is product liability insurance.
Product liability insurance covers you and your business in the event your product causes bodily injury or property damage. Your jewelry could give a customer a rash, your nutritional supplement could make someone lightheaded, or your toy drone could overheat and cause a fire that destroys a customer’s property
Product liability insurance can be sold as a separate policy, but it’s a standard component of a general liability insurance policy, which every business should have.
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