Product Liability Insurance provides essential coverage for manufacturers, retailers, and suppliers. It shields your business from financial losses related to product defects, design flaws, or inadequate warnings. Our comprehensive policy lets you confidently bring your products to market, knowing you’re protected against unexpected claims.
Covers claims related to bodily injury, property damage, design defects, and manufacturing errors.
Protects your business from legal fees and compensation costs associated with product-related incidents.
Tailored coverage options to suit the unique risks of your industry.
Shield your business from unexpected legal fees and compensation costs related to product defects.
Meet product safety regulations, building confidence among clients and partners.
Encourage proactive quality control and design practices to minimize future risks.
Innovate and bring new products to market with confidence, knowing you're protected against unforeseen incidents.
Covers medical expenses and legal fees if your product causes injury to consumers. Whether due to a defect or improper use, this coverage protects you from the financial impact of injury claims.
Provides protection against claims for damages to third-party property caused by your product. If a product malfunction leads to property damage, our policy covers the associated costs, safeguarding your business assets.
Addresses claims related to flaws in your product's design. Even if your product was manufactured correctly, defects in its design can pose significant risks, and this coverage helps manage those potential liabilities.
Covers defects that occur during the production process. If an error during manufacturing results in a faulty product that causes harm, our insurance will cover the associated expenses.
Protects against claims arising from inadequate usage instructions or warnings. If consumers misuse your product due to unclear labelling or instructions, you’re covered for any resulting claims.
If your company produces goods, you need protection against potential defects in design or production. A single product-related claim can lead to substantial financial losses and legal costs, making insurance a vital part of risk management.
As a distributor, you play a key role in the supply chain. If the products you supply to retailers or consumers are found to be defective, you could be held liable. Product Liability Insurance ensures you’re shielded from these unexpected claims.
Retailers face exposure to claims related to the products they sell. Even if you did not manufacture the product, selling it directly to consumers can make you vulnerable to claims for injuries or property damage. This insurance provides a safeguard, allowing you to focus on your business confidently.
Companies that provide raw materials or components used in manufacturing are not immune to product-related risks. If a defect in the materials you supply leads to an issue with the final product, you could be held accountable. Product Liability Insurance helps protect your business from these risks.
Our Product Liability Insurance offers flexible coverage limits to suit your business's needs. We specify the maximum payout per claim and provide an aggregate limit for the policy period, ensuring that your business is adequately protected against multiple claims throughout the year.
You can select from a range of deductible options to control your premium costs. Choosing a higher deductible generally results in lower premium payments, allowing you to balance coverage and affordability according to your business's risk tolerance and financial strategy.
To set clear expectations, our policy includes specific exclusions. Common exclusions include breaches of contract, economic losses not linked to personal injury or property damage, and product recall costs unless specified in your policy.
Our standard policy is offered on an annual basis, providing year-round protection. However, we understand that some projects may require short-term coverage, so we also offer policies tailored to the duration of specific projects or events.
Every business has unique risks, and at MIR, we offer tailored solutions to meet those needs. You can enhance your policy with add-ons such as Product Recall Expenses (Cover the costs of recalling defective products from the market) and Strict Liability Coverage (Provides protection even when you’re held liable without proven negligence).
Product Liability Insurance covers legal fees and compensation costs related to claims that a product you manufactured, sold, or distributed caused bodily injury or property damage. This includes protection against design defects, manufacturing errors, improper warnings, and strict liability.
Reach out via our website, phone, or email to connect with our knowledgeable insurance experts. They are ready to delve into your business's unique needs and address any inquiries you may have.
We'll organise a consultation to evaluate your business's physical assets and pinpoint potential risks. During this meeting, we will guide you through various coverage options, limits, and additional protections, such as Business Interruption.
We will use the insights gathered to prepare a personalised insurance quote that matches your business requirements. We'll go over this quote with you, detailing policy specifics, deductibles, and premium choices for complete understanding.
When you decide to proceed, we'll finalise your policy. Our team will assist you through the necessary paperwork, ensuring a seamless and straightforward process.
With your insurance secured, you can manage your business with assurance, knowing your assets are safeguarded against unexpected events. If you need to file a claim or adjust your coverage, our dedicated team at MIR will handle the entire claims process for you, providing support and guidance every step of the way.
