Who needs product liability insurance
If you make a product, consider product liability insurance. Manufacturers are usually responsible for product liability claims. Your company could be involved in a claim even if your product is an input to another product.
If your company repairs damaged products, you should also consider product liability insurance, as there is always the possibility that loss or damage caused by the product is related to something that occurred as a result of repairing or adjusting the product. there is. your company’s products. .
Finally, many sellers are surprised that they too have received complaints. Many states limit a seller’s liability, but claims can be complicated because many parties accuse each other.
As a result, many companies that manufacture, distribute, sell, or repair products do not cooperate with other companies that do not have adequate product liability insurance. As a result, customers and partners may at some point require appropriate product liability insurance.