Product Liability Insurance for Manufacturers, Importers and Retailers
Businesses that manufacture, import, distribute or sell products can face claims if a product causes injury, property damage or financial loss. Even when reasonable care is taken during production and distribution, defects, contamination or unexpected issues can result in significant legal and financial costs.
Product Liability Insurance can provide protection against certain claims arising from products supplied by your business. It can help cover legal costs, compensation and other expenses associated with an insured claim, helping your business manage the financial impact of product-related incidents.
What is Product Liability Insurance?
Product Liability Insurance is designed to protect businesses against certain claims arising from products they manufacture, import, distribute or sell. The cover can vary depending on the business, products and policy, but may respond to claims involving injury, property damage or other losses caused by an insured product.
A typical Product Liability Insurance policy can provide cover for:
- Product-Related Injury – covering certain claims for injury or illness caused by a product supplied by your business
- Property Damage – protection against certain claims for damage to third-party property caused by an insured product
- Legal Defence Costs – helping cover certain legal and professional costs associated with defending an insured claim
- Product Defects – cover for certain claims arising from defects or faults in products supplied by your business
- Product Contamination – protection that may respond to certain claims or losses arising from contaminated products, subject to the policy terms
Who is Product Liability Insurance suitable for?
Product Liability Insurance can be suitable for businesses involved in the manufacture, import, distribution or sale of products. We can help a range of businesses, including:
Manufacturers
Businesses that manufacture or assemble products for commercial, industrial or consumer use and may be exposed to claims arising from the products they supply.
Importers and Distributors
Businesses that source products from Australian or overseas suppliers and distribute them to customers, retailers or other businesses.
Wholesalers and Retailers
Businesses that sell products directly to consumers or supply products to other businesses and may face claims relating to the products they sell.
Food and Beverage Businesses
Businesses producing, supplying or selling food, beverages and other consumable products where product-related claims can result in significant financial and reputational impacts.
Get in touch
Product-related claims can arise even when your business has processes in place to manage quality and safety. Having appropriate Product Liability Insurance can help protect your business and manage the financial impact of an unexpected claim.
For more information or to arrange cover, please contact us or simply fill out the Product Liability Insurance quote form below and one of our insurance brokers will get in touch in one business day.
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