Product Liability Insurance
Protecting your business from costly claims
If something goes wrong with a product you've designed, manufactured or sold, you can be held liable whatever your role in the supply chain. Legal battles in the case of damage or injury can go be costly and lengthy, and stretch far beyond the consumer and the company that supplied them.
At Howden, we have an experienced, commercially-minded specialist team who can get you quality cover where you need it most. We will support you in conducting reviews on new business contracts, ensuring you have the right protection when your needs change.
What does Product Liability insurance cover?
Product Liability insurance protects against claims for personal injury or property damage arising from products sold by your business.
Useful for companies that make, supply or sell products to members of the public. If products cause damage, illness or hurt someone, it is likely they’ll seek compensation through the courts.
The main purpose of Product Liability insurance is to cover legal costs and damages.
Who needs Product Liability insurance?
It's vital to have product liability insurance in place if you make, sell or distribute goods.
Whether a claim against you is justified or not, the process can be costly and take a long time to resolve. Even unwarranted claims can be a threat to your business’ reputation and trust.
Having the right cover will give you the freedom to innovate and grow your business, as well as the confidence to sell your product.
Common Product Liability claims
Without the right Product Liability insurance, you may face huge legal bills that could adversely affect your business. These could include:
- Being accused of creating a product that has serious design defects that are dangerous and have been there since the design stage
- Claims your product has manufacturing defects where the product became ‘unreasonably dangerous’ during the manufacturing process
- Your product is accused of having labelling defects that failed to alert customers to an inherent danger in the product they should have been made clearly aware of