What Sorts of Products Does Product Liability Coverage Extend To?
What products are included within a product liability policy’s protections depends on the policy, as each one has its own terms, conditions and exceptions. Broadly speaking, policies are often available for everything from dollar-store trinkets to high-end specialty goods.
Again, an insurance agent who’s familiar with the coverage can help businesses find policies that will extend protection to certain product categories.
Do Foodservice Businesses Need Product Liability Coverage?
Restaurants, caterers and food trucks might not manufacture goods in the same way that a factory does, nor do they sell shelved goods the same way that a retailer does. These foodservice businesses do make and/or sell food products — and thus probably should consider purchasing product liability coverage.
In the foodservice space, product liability coverage may guard against foodborne illness, choking or other potential harm that a sold item could cause. An insurance agent can review exactly what scenarios a given policy would probably cover.
Are Product-Related Liability Claims Covered By General Liability?
General liability primarily protects against common accidents and defamation lawsuits, but some policies also include coverage for product-related injuries and property damage. General liability policies that cover product-related claims often only provide limited protection, though.
Because general liability policies usually provide no or limited product liability claim coverage, purchasing a separate product liability policy is frequently advisable. Product liability policies tend to have much better protection against product-related claims than general liability policies do.
Can Product Liability Coverage Be Bundled With Other Coverages?
Product liability coverage may be purchased on its own, but most businesses also need other coverages and bundle product liability with some of those coverages. Commercial package policies are highly customizable, and many offer product liability. Business owners’ policies tend to be more basic, but some might make product liability coverage an option.