What is Product Liability Insurance?
Product liability insurance protects you from court costs and legal fees linked with bodily injury or property damage claims you incur caused by the products provided or sold by you through your company as a result of a commodity defect or even the mishandling of your product. Misuse is common, and although you may not be at fault, you could still be accountable for damages. This coverage is essential and can mean the difference between your company surviving or going out of business.
Product liability is generally included.
How much is product liability insurance?
The average cost of product liability insurance is roughly 26 cents per $100 of the retail cost. However, this number will fluctuate depending on the risk aspects of the product. A low-risk product would cost less while a high-risk product would obviously cost more.
Get the coverage you need
Mills & Mills Insurance is based in beautiful Wilton, CT, 06897 45 minutes from New York City and 2 hours from Boston. We serve Fairfield County, Westchester County, Long Island and all of Rhode Island.
Mills & Mills Insurance will provide you with the right coverage to make sure your investments are safe during a disaster. When partnering with us, we will give you all the necessary information and options you need to make the best choice of insurance company and policy. Give us a call today at (203)- 762-8373.
35 Old Ridgefield Rd, Wilton CT 06897