In today’s marketplace, simply selling or distributing a product has become cause for concern, and, moreover, can have a product liability exposure. With this concern, most wholesale and retail operations and venues are requiring that manufacturers, distributors, or wholesalers have products liability insurance on the items they develop before they will even allow the product to be brought into their stores and placed on their shelves.
Additionally, as a retailer of these products, you may be held responsible if there is an injury that results out of the use of a product you sell. Too often, retailers feel that they have no liability; this may not be the case depending on the state’s laws regarding product liability. The retailer may be held liable for damages, and even if they are not held liable, they could incur thousands of dollars in legal fees which their CA commercial general liability insurance may not cover.
Insurance Program Tailored Towards Your Specific Orange County Product
When we sit down with clients and go over this type of coverage, we advise clients that these types of policies carry no set standard premiums due to the fact that there are too many variables, such as the type of product you market, manufacture, or distribute. Then, there are the products themselves. Some products carry a low risk of harm to consumers, which, in turn, usually results in a lower premium, and other products that carry a much higher risk to the consumer will carry a much higher premium. PJO Insurance Brokerage in California has numerous markets and the experience to put together an insurance program tailored towards your specific product. Please contact us today via email or at 949-354-0789.