Veracity Insurance Solutions
Veracity Insurance Solutions
  • Products
    • Product Liability Insurance
      • Beauty & Cosmetics
      • Vitamins & Supplements
      • E-Cigarette and Vape Insurance
      • Sporting Products MFG.
      • Consumer Products Insurance
      • Industrial Products Insurance
      • Product Recall Insurance
      • Discontinued Products
      • Medical Devices
      • 3d Printing Insurance
      • CBD & Hemp
      • Cannabis and Marijuana
    • General Liability
      • Contractors
      • Chimney, Hearth & Patio
      • Security Guard
      • Alarm & Security
      • Environmental & Pollution
      • Residential Homebuilders
    • Outdoor & Recreation
      • Climbing Wall
      • Ropes & Challenge Courses
      • Zip Line & Canopy Tours
      • Sports & Recreation
      • Fishing Outfitters
      • Kayak & Row Boat Tour/Rental
      • Guided Snowmobile Tour
      • Bicycle Tour & Rental
      • Guides & Guided Tours
      • Rock Climbing Guides
      • SUP Guides
      • River Rafting Guides
      • Hunting Guides
      • UTV Tour & Adventure
    • Property Insurance
      • Builder's Risk
      • Inland Marine
      • Vacant Property
      • Contractor's Equipment
      • Small Commercial Property
      • General Property
      • Vacant Land
    • Professional Liability
      • Technology
      • Architects
      • Engineers
      • Manufacturers E&O
      • Interior Design
      • Media
    • Additional Product Lines
      • Allied Health & Medical
      • Workers Compensation
      • Excess & Umbrella
      • Online Programs
      • Special Events
      • Research & Development
      • Pharmaceuticals
      • Directors & Officers
      • Foreign Liability
      • Cyber Liability
  • About
    • Veracity Gives Back
    • Blog
    • Career Opportunities
    • Know Your Broker
      • Cameron Allen
      • Chris Martin
      • Morgan Cole
      • Kameron Ebert
      • Sherlyn Simon
    • Wholesale Broker
  • Contact
  • Quick Pay
  • Agent Resources
    • Hiscox Now
    • USLI
    • Insurance Applications
    • Product Pack
      • Download
      • View Online
    • Request For Loss Run
    • Certificate & AI Request
    • Become an Agent
    • CNA Small Business
    • Veracity Online Programs
    • Agent Licensing
    • Program Mgt & Development
      • Franchise Insurance
      • Association Insurance
    • Risk Purchase Group Mgt
    • Blog

866.395.1308

Facebook Blog LinkedIn Youtube
  1. Product Liability Insurance

Product Liability Insurance

 

Apply for Product Liability Insurance today! Fill out an online application or download a PDF for your convenience.

Veracity Insurance Solutions & Product Liability Insurance

As a national brokerage firm, Veracity Insurance Solutions specializes in providing high-quality, customizable product liability insurance to businesses that manufacture, import, and distribute consumer, commercial, and industrial goods and services. With in-house underwriting, top-rated insurance from the most reputable carriers, and decades of product liability experience, our team can get you the coverage you need to protect your business from the risk of claims

Industries*

  • Nutraceutical, Vitamin & Supplements
  • Beauty & Cosmetics Products Mfg.
  • E-Cigarette and Vape Products
  • Sporting Goods Mfg.
  • Consumer Products
  • Industrial Products
  • Product Recall
  • Discontinued Products
  • Medical Devices
  • Food Products Mfg.
  • Clothing Mfg.

Highlights*

  • Startups & New Ventures Welcome
  • Occurrence & Claims-Made Forms
  • In-House Authority
  • Available In All 50 States
  • Limits Up To $100 Million
  • Foreign Liability Coverage
  • Vendors Endorsement
  • Minimum Premium - $1,000

Don't see your business industry here? Don't worry. These are just a few examples of the thousands of industries we can cover. To get an accurate quote for your business, contact one of our qualified insurance brokers today.


PRODUCT LIABILITY STATISTICS

  • 250,000+ Claims

    More than 250K product liability claims are filed annually in U.S. federal courts

  • $2.45 Million

    Median jury award in product liability suits

  • 7 Percent

    Product liability accounts for 7% of all U.S. personal injury cases

Median and Average Personal Injury Jury Awards by Type of Liability, 2018

 
Product Liability Insurance - Median and Average Jury Awards

- 2013 Median (1), - 2013 Average

(1) Represents the midpoint jury award. Half of the awards are above the median and half are below.
Source: Thomson Reuters, Current Award Trends in Personal Injury, 54th edition.


FAQs ABOUT PRODUCT LIABILITY

What is Product Liability Insurance?

Product liability coverage provides protection against bodily injury and property damage losses arising out of some defect in the product you sold, manufactured, or distributed. Product liability insurance may also provide coverage for claims arising from damages due to providing inadequate instruction for use of the product or a failure to warn on your product label.

Product Liability - Consumer Products

Why Product Liability Insurance?

Defective or dangerous products are the cause of thousands of injuries every year in the United States. Responsibility for a product defect that causes injury may affect all sellers of the product who are in the distribution chain. Listed below are a few examples of parties that may be:

Product Liabiility - Vitamins & Supplements
  • The product manufacturer, importer, or distributor;
  • A manufacturer of component parts;
  • A party that assembles or installs the product;
  • The wholesaler; and
  • The retail store that sold the product to the consumer

In addition, under the definition of “Strict Liability,” the person injured by a product may be entitled to compensation for their injuries without showing that the manufacturer or seller of the product was actually negligent.

What is included in a Veracity Product Liability policy?

Your product liability policy provides coverage for your goods or products manufactured, sold, handled, distributed or disposed of by you and/or your company. Product liability also offers protection from providing, or failure to provide, warnings or instructions about your products.

What is Product Liability Insurance



Choose Your Application

General Products Liability
Beauty & Cosmetics
Vitamins & Supplements
E-Cigarette Insurance
Sporting Products MFG.
Consumer Products
Industrial Products
Product Recall Insurance
Discontinued Products
Medical Devices
Other (Not Listed)

Popular Pages

  • Products Liability
  • General Liability
  • Outdoor & Rec Insurance
  • Electronic Cigarette Insurance

Product Liability News & Articles

  • Halloween Businesses & Product Liability
  • Does Your Insured or Business Need Product Liability Insurance?
  • 3 Types of Product Liability Claims
  • Product Liability Coverage Exclusions
  • Disclaimers & Product Liability
  • Student Scholarship (Product Essay)

© 2013 veracityinsurance.com | All rights reserved.

All policies have conditions, limitations and exclusions, please read the policy for exact verbiage. Claim scenario circumstances vary in nature and similar claims do not guarantee coverage.

  • info@veracityins.com
  • Applications
  • Privacy
  • Terms
  • Contact
  • Careers
  • Transparency In Coverage