Don’t let one faulty product destroy your entire business
Product liability insurance is designed to protect your business if you’re sued because a product you sell, assemble or supply has caused harm to a person or to their property.
Who should consider it?
If your business makes, assembles, grows, promotes or supplies products to individuals or companies, you should consider product liability insurance.
What can it cover?
Product liability is usually part of a public liability policy. It can help cover you against the cost of investigating and defending your business against a claim made against you and your product. It can also cover the cost of any damages awarded to a customer if your business is found to be at fault.
What isn't covered
There are exclusions. There is also often a deductible or excess and limits on cover, so check with your GSK insurance broker.