Product-related risks can devastate businesses overnight, making commercial insurance protection critical. Securum LLC in Bellevue, WA, understands that companies manufacturing, distributing, or selling products face unique liability exposures that require specialized coverage. The right commercial insurance strategy can mean the difference between surviving a product claim and facing financial ruin.
Product Liability Coverage Essentials
Product liability insurance protects your business when products cause bodily injury or property damage to third parties. This coverage handles legal defense costs, settlements, and judgments resulting from defective products, inadequate warnings, or design flaws. Whether you manufacture electronics, food products, or industrial equipment, this protection covers claims arising from products that leave your premises and harm consumers or damage their property. Even businesses that simply distribute or retail products manufactured by others need this coverage, as liability can extend throughout the entire supply chain.
Recall and Contamination Protection
Product recall insurance covers the enormous costs associated with removing defective products from the market. This includes notification expenses, transportation costs, disposal fees, and lost profits during the recall. For food manufacturers and distributors, contamination coverage addresses spoilage losses and the expense of replacing contaminated inventory. These specialized coverages protect against scenarios that general liability policies typically exclude, filling critical gaps in protection.
Professional Liability for Design Risks
Companies involved in product design and development need professional liability coverage for errors and omissions in their professional services. This protection addresses claims alleging inadequate design specifications, faulty testing procedures, or negligent professional advice that contributes to product failures.
Comprehensive Risk Management
Product-related exposures require sophisticated insurance solutions tailored to your industry and operations. Contact Securum LLC in Bellevue, WA, to develop a comprehensive commercial insurance program that protects your business against product-related risks.
