General Public & Product Liability Insurance 2025

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Product liability insurance responds specifically to claims that are related to the use of products that your company sells, manufactures, or distributes. On the other hand, a general liability policy will cover claims that are related to the complete operations of your business.
The Risks Without Products Liability Insurance Without coverage, the company could be liable for substantial medical costs, legal fees, and settlements. Property Damage: Defective products can also cause damage to property.
General Liability insurance, also known as Public and Product Liability insurance, helps to protect your business in the event a claim for compensation is brought against you for injury or damage arising out of the course of your business.
On average, general liability insurance costs $42 per month, or about $500 annually. Most policyholders can expect to pay a premium between $30 and $60 per month for their general liability insurance coverage.
What Is Public and Product Liability Insurance? Public and Product Liability Insurance (PPL) protects you and your business against financial loss arising from your legal liability to pay compensation to a third party when they have suffered a personal injury, property damage or an advertising injury.

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For example, lets say a customer buys a power tool that your business manufactures. A defect in the tool ends up injuring the customer, and they sue your business. Your general liability insurance policys product liability insurance helps cover: The customers medical costs to treat their injury.
Product Liability is an insurance policy designed to cover businesses that deal with products as part of their business, such as, manufacturing, supplying, importing, installing, or selling products. It is mainly applicable for businesses that are involved in the sale or supply of tangible products.

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