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Vantage Business Support & Insurance Services Product Liability insurance program proudly provides coverage in the event there is liability for injuries and damage you cause to other people. 

What is Product Liability Insurance ?

Even though the Web is still a very young medium, the law is fairly clear: Your business is liable for the products it sells online — just as it would be if you sold the same products in a physical store. Therefore, you should take special care when you repeat another firm's claims about products that you sell, and you should be aware of any characteristics that might target a product for legal action. Ignorance is not a defense — nor is a disclaimer on your Web site.

In fact, your best course of action is to prevent product liability problems before they happen. Deal only with reputable merchants who sell quality products. Know what you're selling, and carefully check your products against the descriptions or claims published on your site. If a product includes a service agreement or a warranty, make sure that it is legally sound. And if a product presents a possible safety hazard, or if it makes health or dietary claims, consult with a professional before you sell the product or repeat its claims on your site.

The third type of coverage, which you would strongly consider if you own a manufacturing business, is Product Liability Insurance. This coverage protects you in the event that an item manufactured or developed by your company is responsible for an accident, injury or death. From toy manufacturers to car manufacturers, there can be a significant risk of injury from the produced product. Naturally, the type of product being manufactured would indicate how much coverage you would need to purchase. Safety measures and precautions taken are factored in when determining your premium.

How does General Liability work ?

Product liability encompasses a number of legal claims that allow an injured party to recover financial compensation from the manufacturer or seller of a product. In the United States, the claims most commonly associated with product liability are negligence, strict liability, breach of warranty, and various consumer protection claims. The majority of product liability laws are determined at the state level and vary widely from state to state. Each type of product liability claim requires different elements to be proven to present a successful claim.

Products liability is the area of law in which manufacturers, distributors, suppliers, retailers, and others who make products available to the public are held responsible for the injuries those products cause. 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.

Please speak with a VANTAGE business professional for a more detailed explanation of products available to assist you in protection planning