If you’re a Hope Hills, NC business owner, the right commercial insurance policy is an absolute must to protect yourself from potential liability. But if your company sells products, your policy really isn’t comprehensive enough until it includes product liability coverage.

We at Cross Creek Insurance will be happy to review your policy with you and ensure it’s thorough enough. But in the meantime, here’s a brief look at some of what business owners should know.

Why Do You Need Product-Specific Protection?

Naturally, you put a lot of care and effort into ensuring your products are right before releasing them to the general public. But mistakes, accidents, and chance mishaps can happen to anyone, so planning is essential.

Commercial insurance that includes product liability coverage protects you if one of your items is ever connected to an accident or other unfortunate incident. It’s essential if your company sells or manufactures products like:

• Clothing
• Food
• Pharmaceuticals
• Motor vehicles
• Electronic, industrial, or mechanical equipment

What Types of Claims Should Business Owners Watch Out For?

A product-related claim could materialize from anywhere and for a multitude of reasons. Savvy business owners need to be aware of them when considering their commercial insurance options. Examples include the following.

• Manufacturing errors are usually isolated incidents but can cause injuries, side effects, and more, depending on the product.
• Design flaws can cause similar problems. However, the issues involved are usually further reaching and may call for solutions like recalls.
• Deficient operating instructions, disclaimers, and safety warnings can also open a business up to liability, so be as thorough as possible when packaging your products.

Ultimately, there’s no such thing as being too protected if you manufacture and sell products as part of your Hope Hills, NC livelihood. Cross Creek Insurance’s insurance experts can help you understand your options. Call us today and let us know how we can assist you!