As a manufacturer or distributor of a product, your business is exposed to significant product liability risk. In fact, many wholesale and retail operations require that you as the manufacturer, distributor, or wholesaler have Products Liability insurance on the items you develop.

These products may include, for example, clothes, toys, tools, building materials, electronic devices or even pet food or supplies, just to name a few.

A product liability issue may come about as a result of a flaw in the warning label or instructions; or there be a manufacturing flaw or design flaw. When a design flaw occurs, this can be devastating to a business because it affects every single unit of a product that a business has created. If your business were to face a lawsuit as the result of one of the above-mentioned flaws, Products Liability insurance would provide your legal defense, as well as pay any settlement or judgment that your business would otherwise be required to pay.

What’s more, at Evans, Pires & Leonard, we also offer product recall expense coverage, which includes the cost to replace the recalled product; consequential loss of profits incurred by your direct customers as a result of the product recall; and good faith advertising, which pays for the costs to regain customer approval and confidence in your product.