product liability insurance is liability insurance that provides coverage on legal liability against losses for the persons who have purchased, arising from the consumption or use of the defective products.
It is an important protection for manufacturer, distributor, or retailer. When the products that you sell, supplied, installed, repaired or altered cause injury to a person or damage to their property, you could be liable to pay for any compensation costs.
- Bodily injury
- Damage to property
- Legal expenses incurred in your legal proceedings