“Don’t let one faulty product destroy your entire business”
Today, the liability of exporters has increased worldwide. Everywhere, consumers are becoming more aware of their rights and are quicker to exercise those rights by filing product liability suits against exporters, manufacturers, processors. Just one claim could put a severe financial strain on your business – and could even lead to the collapse of the company. In fact, merely the cost of defending an “unsubstantiated“ claim against you can cost several million dollars.
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.
At AMG, we understand the risks business owners face every day. Our highly experienced insurance brokers will work hard to deliver risk advice, expert service and an optimal insurance program that won’t let you down when it’s time to claim.