A North Bay Business Insurance Update
If you are in the business of designing, manufacturing, servicing, selling, and distributing any product there are risks involved. When the product you represent causes injury or damage to a another person or business, you need insurance protection. Depending on the insurance coverage you have, you may not be adequately protected from a product liability claim arising out of your actions. Many “standard” insurance policies have limitations for product liability claims. For example, a contractor installed windows in a custom home, and 9 months later the windows leaked, causing thousands of dollars of damage. The window manufacturer said their windows are fine; it was the installation that was done incorrectly. The contractor may be held responsible for the damage. Product liability insurance would provide protection in this case.
Our experienced and licensed staff will work with you to help find the right commercial insurance and solutions for your business. Our team can work with most business; we know and understand your industry.
What is product liability insurance?
Product liability insurance can provide protection from damages, injury, claims, and other liability arising out of the selling, distributing, manufacturing, servicing and design of products. Damages can include bodily injury, property damage, and even death.
An essential feature of product liability insurance is the legal defense coverage. The cost to defend an allegation can create a strain on your firm’s resources.
Claims can come from any of the following:
- Poor workmanship
- Breach of warranty
- Failure to warn
- A defect in design or manufacturing
- Material defect
- Failure to provide adequate instructions
Classes of businesses we work with:
- Artisan Contractors
- Food Processors
- Wood Products
- Sporting Goods
- And More
We have a number of highly rated insurance companies to select from. Call us today for more information.
Every industry has specific needs when it comes to insurance. Industry-specific risks make it impossible for insurance companies to lump together one insurance plan for every business. At North Bay Insurance Brokers, we understand that being unique is what makes your business successful across the board. That’s why we provide industry-specific insurance options for businesses of all types.