[header] How to buy product liability insurance [title] Pick a level of coverage. [step] Standard product liability insurance will cover bodily injury and property damage. Coverage amounts, however, can vary by insurer.
[header] How to buy product liability insurance [title] Pick a level of coverage. [step] Standard product liability insurance will cover bodily injury and property damage. Coverage amounts, however, can vary by insurer.
For example, some insurers will sell up to $1 , 000 , 000 in insurance per occurrence, with excess limits up to $10 , 000 , 000. [substeps] Other insurers offer up to $25 , 000 , 000 in coverage. For example, insurance coverage might be $135 of one premium for a damaged electrical system. [substeps] If you do not have significant relevant liability insurance, then you probably cannot purchase liability insurance from a reputable insurer. If you purchase an insurance policy for a business, it will cover you liability for any private or non-business interactions with the office that may occur, such as dust or heat. If you purchase a business policy for business or personal use, it will cover your product liability for the business as well as any services you may use on it. Here are some factors to keep in mind when choosing whether you want to purchase product liability insurance : [substeps] Age of the worker and how much of his current services are covered. In many states, you will be required to protect your workers from a potentially unsafe policy.