Product Liability Insurance
Product Liability Insurance refers to a type of insurance coverage that protects manufacturers, distributors, suppliers, retailers, and others who make products available to the public against financial loss resulting from a defect in the product or a failure to warn consumers about potential risks associated with the product. This insurance may cover legal fees, settlements, and judgments if a product causes bodily injury or property damage to a third party. It is designed to provide financial protection and peace of mind for businesses that produce or sell goods to consumers.