At Hitchings Insurance, we understand the dedication and hard work that goes into building a successful business. You invest in quality materials, prioritize safety standards, and strive to offer the best products to your customers. But even the most meticulous businesses can face unforeseen challenges.

That’s where product liability insurance comes in. This crucial coverage acts as a safety net, protecting your company from the financial repercussions of a product-related lawsuit.

What is Product Liability Insurance?

Simply put, product liability insurance safeguards your business if a customer alleges your product caused them bodily injury or property damage. This can encompass various scenarios, including:

• Defective Products: A malfunction or inherent flaw in your product leads to harm.
• Design Defects: An issue with the product’s design, even if manufactured perfectly, results in injury or damage.
• Marketing Defects: Misleading or incomplete information about the product’s use or potential risks leads to a customer’s injury.

Why is Product Liability Insurance Important?

Lawsuits, even unfounded ones, can be incredibly expensive to defend. Product liability insurance shields your business from:

• Legal Defense Costs: Attorneys’ fees, court costs, and other expenses associated with fighting a lawsuit.
• Settlement Costs: If a settlement is reached to avoid a lengthy trial.
• Damages Awarded: Compensation paid to the injured party for medical bills, lost wages, and pain & suffering.

Who Needs Product Liability Insurance?

Any business that manufactures, distributes, or sells products can benefit from this coverage. Here are some examples:

• Manufacturers: They are directly responsible for the product’s design and creation.
• Wholesalers and Distributors: They may be held liable if they knowingly distribute a defective product.
• Retailers: Even if they don’t manufacture the product, they could be named in a lawsuit if they sell a defective item.

Getting a Quote for Product Liability Insurance

At Hitchings Insurance, our experienced agents can help you determine the right amount of product liability coverage for your specific business needs. We work with a variety of insurance carriers to find a policy that fits your budget and protects your company from potential liabilities.

Taking the Next Step

Don’t wait for a product-related incident to disrupt your business’ success. Contact Hitchings Insurance today for a free consultation and get a quote for product liability insurance. Let us help you ensure your hard work doesn’t go unprotected.