Understanding What is Product Liability Insurance in the US

Product liability insurance is a crucial form of coverage for businesses in the United States that sell products. It protects them from legal and financial repercussions if their products cause injury or property damage to third parties. This type of insurance goes beyond simple product guarantees or warranties – it provides businesses with the necessary safeguards against the fallout of product-related accidents. When a product causes harm or damage, the costs can quickly escalate. Product liability insurance covers the expenses associated with lawsuits, including legal fees, compensatory damages, and medical expenses. Without this coverage, businesses could face significant financial strain,

from
https://insuranceintellect.com/what-is-product-liability-insurance/