With all the advances that the Internet has brought, never has there been an easier time than today to manufacture your product and to bring it to a world-wide potential audience of millions with the simple click of a mouse. In fact, there have been more products brought to market these past five years than have been introduced in the previous twenty years. When considering just how complex business is these days, what was a routine procedure of selling and/or producing your product has now become a cause for concern, quite possibly a product liability exposure. This is where it makes proper business sense for your company to acquire a Las Vegas/Clark County, NV Product Liability Insurance Policy in addition to your other Las Vegas business liability insurance policies before your company starts to sell or distribute your products, either through a retailer or wholesaler or directly to the public.
In most cases, it doesn’t matter what role your company will play in the product’s pipeline, whether it be of a distributor, wholesaler, or manufacturer, almost every company you conduct business with will require a Las Vegas/Clark County, NV Product Liability Insurance Policy, and that will be regardless of whether your company has developed the product or it is simply acting as a sales rep for another company. When we discuss this type of insurance with our clients, we press upon them that even if their company takes every measure possible to avoid a claim, unfortunately, there are situations that will occur and can possibly harm a client, making your company liable for this action, hence, the need for Las Vegas, NV Product Liability Insurance Coverage.