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Products liability insurance covers you for compensation costs and legal fees for claims of personal injury or damage caused by one of your products.
Usually sold as part of a business liability package, products liability insurance protects your business in the event of claims due to injury or damage as a result of a faulty product.
If your business is involved in any of the following, then you should consider products liability insurance:
If any of these apply to your business, get in touch today and let us take care of the rest. Simply fill out our contact form, email us at sales@ermfinancialservices.ie or call us now on 01 845 4361.
Faulty products causing damage or injury (e.g., product catches fire and causes damage).
Cases of food poisoning caused by unintentional non-compliance with food safety standards.
Providing building materials of insufficient strength which causes a building to collapse.
Compensation and legal costs in relation to injury to persons and damage to material property.
Financial losses incurred by the individual or business because of your product.
Costs associated with a product recall including storage, notifying customers, and arranging the recall.
Who harvest and sell raw materials.
Who fabricate products from raw materials and/or from components made by other manufacturers.
Who bridge the gap between producer/manufacturer and retailer.
Who sell manufactured items or fresh produce to the consumer.
Who transport materials and products.
Restorers and maintenance providers – who alter, repair, or adapt products.