If your businesses creates manufactures, distributes or sell products should consider product liability insurance. This type of coverage protects your business from costs if a product doesn’t work properly and causes harm to a third party.

Defects in your product may cause injury or property damage. For instance if your product is used incorrectly by the customer, your business could be liable for any damage caused by the product.

Product liability insurance may also covers legal fees, medical costs and compensatory damages.