Product Liability Insurance
Outstanding Service & Professional Advice for manufactures, importers and the food and beverage industry.
Product liability insurance protects your business against claims resulting from accidents or injuries that occur as a result of your product.
The insurance policy includes cover for:
Injury to a third party
Provides protection against claims brought against your business if the products you manufacture, import or create cause personal injury to a customer or third party.
Damage to third party property
Covers the costs to repair or replace third party property that was damaged as a result of the products you manufacture or import being faulty or failing to perform as intended.
Legal costs
Covers expenses associated with investigating and defending a liability claim. If a claim is brought against your business, you will need to respond. Even if you are not found liable, the legal fees associated with your defense can be expensive.
Need Product Liability Insurance? We can help.
Expert product liability insurance brokers.
Access to specialty underwriting agencies to assist with high-risk industries.
No call centres. Direct mobile and email access to your liability insurance broker.
Am I liable for the products I sell?
In Australia, if you manufacture a product, you are responsible for ensuring the product is safe and complies with Australian standards.
If your business does not physically manufacture the product, you may still be considered the manufacturer if your business imports, assembles or uses its brand on the product. For more information, please refer to the Australian and Consumer Commission website.
What does Product Liability Insurance not cover?
- Product recall expenses.
- Personal injury to you or any of your employees.
- Damage to property that the business owns.
- Loss arising from professional services or advice.
- Liabilities assumed under contract.
Insurance Tip #1
Read the endorsements on your insurance schedule. These endorsements can restrict the cover offered by your insurer or place certain requirements on your business activities for cover to take effect.
Insurance Tip #2
Disclose all your products. If you start to manufacture / import new products during the year, advise your insurance broker. An insurer can decline your claim if it is a result of an undisclosed product.
Insurance Tip #3
Accurately disclose business turnover. If your business has grown, your insurer needs to know. Under disclosing the size of your business will cause issues when / if you need to lodge a claim.
Need to lodge a claim.
Call us on 1300 167 143 or Click here to complete our fast-track online form.