Product liability insurance from Poms & Associates
Comprehensive insurance for manufacturers, distributors, wholesalers and importers.
When you choose Poms & Associates, you get more.
Risk prevention reduces your exposure to loss.
Knowledge is the best insurance – our experience is your advantage.
Lower premiums and claims prevention achieve a greater return on your investment.
Need product liability insurance? Manufacturing insurance professionals at Poms & Associates can help
Avoid the hassle, headache, and confusion of searching for product liability insurance and trust Poms & Associates.
We will consider the unique needs of your specific company, and then search a wide array of providers to find insurance at a price that is within your company’s budget.
“Working with Poms has been an awesome experience. They have saved me and my employer time and money with their prompt response, strategic marketing of our needs to plan providers, ease of transition to new providers and excellent customer service.”
Human Resources Manager, Las Virgenes Municipal Water District, Calabasas, CA
Why Poms & Associates for your product liability insurance?
We take full advantage of the experience and expertise of our insurance brokerage professionals to secure coverage options that fit your needs. No matter what type of industry you’re in, we can protect your business, its assets, and its employees with product liability insurance.
What is product liability insurance?
If you’re in the business of manufacturing, distributing, selling or importing products, you need product liability insurance. In a nutshell, it protects you against claims of injuries or damage caused by your product—whether that’s food, drugs or supplements, electronics, or almost anything else for public use or consumption.
Product liability insurance provides protection for bodily injury and property damage away from your premises that are caused by your product or your work.
Most product liability claims arise from three types of issues:
- A flaw in your product’s assembly. For example, if a child chokes on a part of a toy that came loose, a parent could argue that it wouldn’t have happened if you assembled the toy properly.
- A defect in your product’s design. A customer whose phone exploded could make a claim that because your design required the battery that turned out to be defective, the phone itself was unsafe and should not have been sold to the public.
- Inadequate instructions or safety warnings to accompany your product. There’s a reason skateboard manufacturers, for example, warn riders to wear protective equipment—because multiple lawsuits have shown that companies need to provide warnings about any and all risks of using their product.
We can design your product liability insurance to cover accidental contamination, inadvertent product defects, mistakes in labeling, extortion resulting from deliberate product tampering, flawed marketing and so on.
In the manufacturing industry, product recall coverage often goes hand-in-hand with product liability insurance. Recalls, especially, can have a profound effect on your business. Involuntary recalls, usually ordered by the government, can damage your company’s reputation with consumers and affect all areas of your business, including sales of other non-recalled products.
Involuntary recalls, on the other hand, are often looked on more favorably (as long as no significant damage has been caused, of course).
Either scenario, though, can be both damaging and costly. Poms & Associates can help you determine if recall coverage is right for you.
Having the right product liability insurance in place can provide peace of mind.
Who needs product liability insurance?
Product liability insurance can protect manufacturers of all sizes from the types of claims mentioned above.
Increasingly, however, distributors, resellers, wholesalers and importers need to carry this type of insurance, too.
With the understanding that this is not legal advice and you should always consult your lawyer, here’s a rule of thumb that can guide you in your thinking—if you’re involved in any way in bringing a product to market, product liability insurance is for you.
The 5 Pillars of Risk Control
Whatever kind of business you run, there are bound to be at least a few risks involved. Learning how to control those risks not only keeps customers and employees safe, but also benefits your bottom line.
Learn five techniques for controlling risk in your company by downloading your free copy of “The 5 Pillars of Risk Control” today.