Product Liability Insurance in Dallas, TX

Product liability insurance is a crucial safeguard for many businesses that manufacture, distribute or sell products. This type of insurance can financially protect policyholders from financial losses due to claims of injury or damage caused by their products. Suitable product liability coverage is essential for mitigating risks and ensuring business continuity.

What Does My Policy Cover?

Product liability insurance typically covers three common types of claims, including those arising from the following allegations:

• Manufacturing defects—These claims may arise when a product is improperly manufactured, resulting in a dangerous defect. For example, a batch of toys with sharp edges that could harm children might lead to this type of claim.
• Design defects—These are inherent flaws in the product design that make it unsafe, even if manufactured correctly. An example would be a chair that tips over easily, posing a risk of injury.
• Marketing defects—These claims can stem from a product lacking adequate instructions or warnings about its proper use. For instance, if a cleaning product does not include a warning about toxic fumes, it could lead to consumer harm.

What Is the Difference Between Public Liability Insurance and Product Liability Insurance?

While both public liability and product liability insurance protect businesses from claims, they cover different aspects:

• Public liability insurance—This insurance covers claims arising from injuries or damages that occur on business premises or as a result of business operations. For example, if a customer slips and falls in a store, public liability insurance would cover the claim.
• Product liability insurance—In contrast, product liability policies specifically cover claims related to the products a business sells or manufactures. This includes any harm caused by defects in the product itself, whether due to manufacturing, design, or marketing issues.

Both public and private liability coverages may be available as part of a broader general liability insurance policy.

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As a family-owned company, Northwest Insurance Agency has over 46 years of experience serving the Dallas-Fort Worth area. Contact us today to get the right product liability coverage.