Product Liability Insurance


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As an independent insurance agency, we are associated with over 50 top rated insurance companies that offer the products that most appropriately meet the needs of our clients. Contact us today for a FREE quote!

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Unlike a captive agency that only represents one company, we are an independent insurance agency allowing you the choice of company, policy, and pricing. Our team is staffed with proven professionals to help guide you through the quoting process. We find the coverages you need at the prices you want. Once you become a client we are committed to providing you with the quality service you expect.

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When you insure with us you have choices! Quote over 50 top rated insurance companies and choose the coverages you want and need when insuring your assets.

Product Liability

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We quote all of our companies to ensure we are finding you the coverage you want at the best price possible. Our team continues this effort by checking rates at each policy renewal!

Product Liability

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Our service team is here to help! From start to finish we will guide you through the claims process and keep communications open to service you – our client.

Product Liability Insurance

Product Liability Insurance is a type of insurance coverage that protects businesses from potential financial losses resulting from claims of injuries or damages caused by products they manufacture or sell. This insurance provides coverage in cases where legal action is taken against a business due to defective products, design flaws, or inadequate product warnings.

Any business, regardless of its size or industry, that produces, distributes, or sells products should seriously consider having Product Liability Insurance. It is not just limited to manufacturers; wholesalers, distributors, retailers, or any other party involved in the supply chain can be held liable for damages caused by a product defect. Having this insurance safeguards businesses and provides a strong shield against unforeseen circumstances and legal actions.

Product Liability Insurance offers financial protection to businesses by covering legal expenses, court costs, and settlements or judgments in case of product-related claims. It helps businesses avoid bearing the full financial burden of potential lawsuits, which can be financially devastating and even result in bankruptcy. By having this insurance, businesses can focus on their operations, knowing that they have sufficient coverage to handle potential product liability issues.

Product Liability Insurance policies vary, but they generally cover three main types of claims: manufacturing defects, design defects, and failure to provide adequate warnings or instructions. Manufacturing defects occur when a product deviates from its intended design during the manufacturing process, making it unsafe for consumers. Design defects involve inherent flaws in the product’s design that pose risks to users. Failure to provide adequate warnings or instructions refers to situations where a product does not include proper instructions or warnings, leading to user injuries or damages.

The cost of Product Liability Insurance depends on several factors, including the type of product being sold, the risks associated with the product, the business size, revenue, and claims history. Insurance providers assess these factors, among others, to determine the premium. Typically, businesses can expect to pay a percentage of their annual revenue for coverage. It is crucial to consult with insurance professionals to evaluate specific risk factors and obtain accurate quotes tailored to your business needs.

Having Product Liability Insurance is a crucial aspect of risk management for businesses that manufacture or sell products. It protects businesses from financial losses in the event of product-related claims and ensures their continued operations. By understanding what this insurance covers and assessing the specific needs of your business, you can make informed decisions and secure the necessary coverage to mitigate risks effectively. Remember, consulting with insurance professionals will provide the best guidance tailored to your unique requirements.

Insurance Services

At Insurance Group of Minnesota LLC, our policies are tailored to meet the unique needs of each customer. We offer flexible coverage options, competitive rates, and exceptional customer service to ensure that our clients have the peace of mind they need to insure their business with confidence. Our product liability insurance products can provide additional insurance coverages including:

    • Product recall coverage
    • Completed products liability endorsement
    • Defective product liability coverage
    • Product tampering liability endorsement
    • Manufacturing defects liability coverage
    • Product malfunction liability endorsement
    • Failure to warn endorsement
    • Improper labeling liability coverage
    • Design defects liability endorsement
    • Product liability exclusion endorsement
    • Third-party warranty coverage
    • Product guarantee endorsement
    • Errors and omissions endorsement
    • Consumer protection liability coverage
    • Product safety compliance endorsement
    • Recall expense coverage
    • And more!

    Learn More

    With countless options and so much jargon to sift through, navigating the world of insurance can be daunting. But fear not! Our team of experts is here to help you learn more about insurance and the multiple companies and products available to you. View our Blog page to read more!