Cossio Insurance Agency can provide you the correct policy for product liability insurance whether you are a manufacturer, distributor, supplier or retailer. Coverage limits available up to $25,000,000. No matter what your business is, we can work with you to find the perfect product liability insurance policy that is tailored to your business.
Cossio Insurance is a specialty niche independent insurance broker. That means that we do your insurance shopping for you. We work with you to find out exactly what your needs are and then use multiple insurance carriers to find you the best rates available.
Since we specialize in specialty markets, we have access to policies most agents wouldn't even bother to think about. Product liability insurance is one of those things we specialize in on top of many others. Give us a call at 864-688-0121 to speak to a qualified insurance specialist about your business's insurance needs.
Do I need Product Liability insurance? Are you a manufacturer, distributor, supplier, or retailer who makes products available to the public? Then you are held responsible for the injuries those products cause. Product liability insurance will protect you if you answered yes to the question above.
What is product liability? Product liability refers to the liability of any or all parties along the chain of manufacture of any product for damage caused by that product. This includes the manufacturer of component parts (at the top of the chain), the assembling manufacturer, the distributor, the supplier, and the retail store owner (at the bottom of the chain).
What kind of product liability claims are there? Product liability claims can be based on negligence, strict liability, or breach of warranty of fitness depending on the jurisdiction within which the claim is based. Product Liability is generally considered a strict liability offense. Strict liability wrongs do not depend on the degree of carefulness by the defendant. Translated to products liability terms, a defendant is liable when it is shown that the product is defective. It is irrelevant whether the manufacturer or supplier exercised great care; if there is a defect in the product that causes harm, he or she will be liable for it.
Give us a call at 864-688-0121 or for more information you can visit our main website at www.cossioinsurance.com