What do investors, manufacturers, distributors, suppliers and retailers have in common?
If you guessed product liability exposure, you are correct. Each of these business people share the risk of product malfunction or danger for merchandise put out to the public.
Here are five different but related types of insurance coverage that can shield a commercial enterprise from loss or damage as a result of error. The following forms of coverage can protect from a liability claim and lawsuit.
Product Tampering Insurance Coverage
Although a business making a product accessible to the general populace is not behind a tampering incident, it can be liable for damages. Product tampering insurance covers you in the event someone else tampered with or warned you of the possibility that a product may be corrupted.
Associated coverage extends to the following.
• Eradication of the manipulated merchandise
• Loss of earnings
• Expenses related to recalling … Read More