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Product liability insurance is designed to protect your business if you’re sued because a product you sell, assemble or supply has caused harm to a person or to their property.
What do you need to know?
If your business makes, assembles, grows, promotes or supplies products to individuals or companies, you should consider product liability insurance.
Product liability is usually part of a public liability policy. It can help cover you against the cost of investigating and defending your business against a claim made against you and your product. It can also cover the cost of any damages awarded to a customer if your business is found to be at fault.
There are exclusions. There is also often a deductible or excess and limits on cover, so check with your Lesure insurance broker.
Lesure Insurance Solutions
Shop G05/1 Foundry Road, Sunshine, VIC 3020, Australia
Lesure Insurance Solutions Pty Ltd (CAR 1263013 | ABN 63 610 758 748) is Corporate Authorised Representative of Community Broker Network Pty Ltd (AFSL 233750 | ACN 096 916 184).
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Email: contact@lesure.com.au