Discover how product liability insurance safeguards your business from legal and financial risks. Learn about coverage options, premium factors, and why having proper protection is essential for maintaining trust and ensuring growth in the competitive market landscape.

Product liability insurance is vital for companies involved in manufacturing, distributing, or selling products. It provides financial protection if a product causes injury or property damage, covering legal costs and claims. Many businesses must show proof of this insurance to secure partnerships and build trust with clients. Premium rates vary based on product risk, sales volume, and safety measures—hazardous items like medical equipment generally have higher premiums than everyday products. Having this coverage allows businesses to focus on growth while minimizing financial and legal risks associated with product defects or accidents.