Product Liability Insurance
Almont, Clinton Twp

What is product liability coverage?

Every manufacturer, in every industry, makes products that could run the risks of harming others.

• If you run a restaurant, you might serve food that causes a client to get sick.
• If you make soap, one of your products might give someone an allergic reaction.
• A ceramic mug you make might shatter, spill a hot liquid and burn someone.
• Your handmade candles might have a flaw that causes them to flare up and spark house fires.

If you made the item, then if the worst does happen, you might have to repay the affected party. Product liability insurance in Michigan is the coverage that will help you cover the costs of damage your products do to others. That way, you won’t have to bear the burden of someone else’s losses out-of-pocket.

What will a product liability policy cover?

Product liability policies usually cover a few types of losses:

• Property damage coverage: If you manufacture grills, and one explodes and causes a house fire, then this coverage can pay for the property owner’s recovery.
• Bodily injury coverage: If a restaurant serves someone a salad, which subsequently makes them sick, then coverage can help pay this person’s medical bills and other recovery costs.
• Legal assistance: This coverage can apply to both property and bodily injury claims. If someone sues you over their damage, your policy might pay court fees, settlements and other costs.

Your product liability insurance coverage can work alongside completed-operations liability coverage. It will apply if you do a project which later harms someone else. So, if you are an electrician, and you make home repairs that cause a fire, then you might have to use this policy to cover the client’s property damage.

Do you need product liability insurance?

Nearly any business that sells any product needs a product liability insurance policy with First Independent Agency in Metro Detroit. Think of it this way:

• It doesn’t matter if you had no responsibility for the product damage; a lawsuit might still arise, and you might have to respond.
• Simply selling or distributing a product (or its parts) might put you at risk of a challenge. Often, it doesn’t matter if you were not a product’s manufacturer for you to get hit with a lawsuit.

Never hesitate to talk to your First Independent Insurance agent about the exact purpose of your business and products. We’ll help you tailor product liability coverage to your direct needs.

Is product liability insurance included in general liability policies?

In many cases, you can get product liability insurance as part of your commercial general liability insurance policy. CGL policies apply to numerous injury and property damage risks associated with the business, not just product liability coverage. Often, you’ll be able to get the general liability coverage as part of your business owners policy (BOP) or commercial policy package (CPP).

What is the cost of product liability insurance?

Your policy’s premiums will vary considerably, based on numerous risk factors. However, an insurance premium is always going to be less costly than a product liability lawsuit for a company that has no coverage. That’s why you should always carry this policy, no matter how big or small your business.

Superior Policy Services When You Need Them

First Independent Agency understands that you want to get the right product liability policy on the first try. Choose us, and you won’t have to worry. We are commercial insurance experts, and can help any Michigan business owner find coverage that offers holistic protection around the clock.

Call us at (888) 513-8784 or request your online quote today! We’re ready to help you protect your business in the best possible ways.

Frequently Asked Questions

• Do truckers need general liability insurance? 

  General liability insurance is different from trucking liability insurance. They sound similar but cover very different things. You don't need it like you need trucking insurance, but it's still very beneficial coverage to have.  With general liability insurance, you cover things associated with business, not trucking or transportation themselves. A couple of these coverages include: 

  • Bodily injury and property damage that occurs due to a covered incident. 
  • Personal or advertising injury. 
• What does trucking insurance cover? 

  Every trucking insurance policy is a little different from the rest based on your or your company's needs. That said, there are several common coverages you can include when building your trucking liability insurance policy.

• How much does trucking insurance cost? 

  Your commercial trucking insurance premium can vary a lot from someone else's, even if you're in similar situations or have similar policies. Some factors that affect premiums include:

  • The type(s) of vehicles you're insuring.
  • How far vehicles are traveling per year.
  • Types of cargo. Drivers' driving records.
  • The location of your center of operations.
  • Standard operating radius.
  • How you store the vehicle(s).
  • Amount of coverage you opt for.

  As commercial trucking insurance professionals, we strive to know you and your worries. We spend time listening and learning to serve you better and help you find solutions. You've worked hard to build and promote your trucking operation. The next step is to protect it. We'll assess your risks and help you tailor an insurance policy. We'd love to chat with you. Contact First Independent Agency today!

• Not sure which of these coverages is right for your construction firm?

  Our staff provides accurate and timely delivery of certificates of insurance. We also provide assistance and reviews of certificates and risk transfers. With our understanding of the design and administration of wrap-ups, we can help contractors navigate the construction defect litigation landscape. Our tailored risk management solutions enable contractors to respond to market fluctuations and better predict future costs.

• Who needs construction insurance?

  If you're in a construction business you should always have commercial insurance. Many businesses are required by their clients to carry specific coverages before they can work for them. Businesses involved in construction work often specialize in trades like:

  • Excavation
  • Home Improvement
  • Land Clearing
  • Remodeling
  • Home Building
  • Asphalt Laying
  • Welding
  • Fence & Deck Building
  • Concrete Laying
  • Stone & Granite Work
  • Roofing