What is Product Liability Insurance? | How does it work

What is Product Liability Insurance? | How does it work
In this video, I dive into what it is, who needs it, and how it operates. Whether you're a manufacturer, distributor, or importer, understanding your liability coverage is paramount.
Learn about specialized programs for importers and strategies to mitigate insurance costs. Stay informed and safeguard your business with insights from me, Gordon Coyle!
💼 Why partner with The Coyle Group for your business insurance and Product Liability Insurance?
At The Coyle Group, we specialize in crafting customized business insurance solutions that meet the unique needs of each client. With over 95 years of industry experience, we are not just brokers but your strategic partners in risk management. Here’s why savvy business owners choose us:
• Deep Expertise: Our extensive knowledge across a diverse range of industries enables us to offer insights and advice that go beyond typical insurance selling. Whether you have 2 or 2,000 employees, we understand the nuances of your industry and the specific risks you face.
• Customized Solutions: We believe that one size does not fit all when it comes to insurance. That's why we work closely with you to tailor insurance coverage that not only meets your current needs but also anticipates future risks.
• Broad Market Representation: We represent a wide array of insurance carriers, which means we can offer you the best coverage at the most competitive prices. Our independence ensures that our recommendations are always in your best interests.
• Commitment to Service: Our mission is to get it right. From comprehensive policy reviews to claims support, we are here for you at every step. We aim to build lasting relationships with our clients by being advisors you can trust.
Partner with The Coyle Group and experience the peace of mind that comes from knowing your business is well-protected. Let us handle the risks, so you can focus on growing your business.
📞 For a comprehensive discussion and to explore how our expert team can support your tech startup's insurance needs, reach out today. Your peace of mind is our top priority. Let's ensure your dream thrives, no matter what comes your way.
🌐 Website:thecoylegroup.com
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[@cardioandmanifest]

What if it is a service business? We are electrical contractors and I just saw on the audit it shows products.

[@TheCoyleGroupNY]

Good question. The General Liability Policy is broken into two parts. The first part is premises and operations, the second part is products and completed operations. For contractors, the second part focuses on completed operations, but the word products is still applied in the policy. Hope that helps