Product liability insurance - For every designer, manufacturer and marketer

Product liability protection is an essential component of a business insurance package. Whether you're involved in product development, manufacturing, marketing or distribution, you should consider product liability insurance.

Product development is often a complex process. Regardless of your involvement in a product's lifecycle, you may be found legally liable if that product is deemed defective and causes damage or loss. Your legal liability will depend on the results of an investigation into the cause of the defect.

For example, the product may have become flawed in the manufacturing process or because of improper usage instructions published by the marketer. In any case, product liability insurance is a wise investment.

Products liability protection - What does this insurance cover?

Essentially, product liability insurance will cover you and/or your company against loss, injury or damage caused by a defective product. Proof of a defect must be obtained by an investigation and analysis of the defect claim.

The amount of liability coverage you require depends on the type of product and the level of risk involved in that product. A knowledgeable liability insurance broker can help you determine adequate liability protection.

An HDF liability insurance broker in Edmonton can explain all the details

You can research product liability insurance on your own, or you can enlist the services of a professional liability insurance broker to do the work for you. At HDF Insurance brokerage, our product liability specialists use their industry knowledge, experience and resources to ensure you reap the benefits of product development without the worry of liability protection.

Whether you're in Edmonton, Calgary, or elsewhere in Alberta or British Columbia, working with HDF Insurance for product liability insurance is simply a smart way to do business. Contact us today!