Product liability insurance typically does not cover the costs associated with recalling a defective product. Separate product recall insurance is needed to cover such expenses.
Product liability insurance typically does not cover the costs associated with recalling a defective product. Separate product recall insurance is needed to cover such expenses.
While product liability insurance is not required by law in most places, it is highly recommended to protect your business from potential claims. Additionally, some clients or contracts may ...
Yes, many product liability insurance policies can be tailored to cover products sold in international markets. Be sure to discuss your specific needs with your insurance provider to ensure ...
The amount of coverage you need depends on the size of your business, the nature of your products, and the potential risks involved. It is advisable to consult with ...
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This website does not make any representations that coverage does or does not exist for any particular claim or loss, or type of claim or loss, under any policy. Be sure to read the policy, including all endorsements, or prospectus, if applicable.
Fraud is a crime
If your application contains purposefully misleading, absent, or inaccurate information, you could be charged with fraud. Your insurance carrier could potentially void your policy, or you could face civil or criminal charges or penalties.
Any person who knowingly and with intent to defraud any insurance company or other person, files an application for insurance or statement of claim containing any materially false information or conceals, for the purpose of misleading, information concerning any fact material thereto, commits a fraudulent act, which is a crime.