As a manufacturer, you know the importance of ensuring every step of the process runs as smoothly as possible. You know that if just one aspect of the production of your product is neglected, the entire line is in jeopardy. Business insurance works the same way. The company can have the best property insurance and workers compensation package available, but if your business doesn’t carry sufficient liability insurance, the whole venture is at risk.
General liability insurance isn’t enough to adequately protect manufacturers. As a purveyor of goods and tangible items, you need product liability just as much as a medical professional needs malpractice insurance. You take special care to ensure your products are safe, efficient and do the job you claim they do. But in today’s litigious society, you need a level of protection from lawsuits stemming from the use or distribution of your product, regardless if it is actually faulty.
The most common claims against manufacturers include manufacturing or production flaws, design defect and defective warning labels or instructions. Recent claims against Chinese manufacturers regarding the presence of dangerous chemicals such as lead in their products are an example of a production flaw lawsuit. A design defect has never before been so apparent than in the breaking systems of some major automobile manufacturers. The McDonald’s “hot coffee case” is an example of failure to warn consumers of a product’s danger. Some of these headline-grabbing cases were legitimate. Some were more dubious (who wants cold coffee?).
From makers of children’s toys to automobile plants, to pharmaceutical companies, manufacturers big and small need the business-saving protection of product liability insurance. They also need the expert services of an independent insurance agent who works for their business interests, and not the insurance company’s.
Our agents can identify your product’s insurance needs, suggest coverage options and even assist your company in filing a claim. These agents are able to locate you a number of policies from a variety of providers, ensuring the protection you buy offers the best coverage at the most competitive rates. Contact us to find out how you can keep the factory lines moving and your product protected with insurance that meets your needs and budget.