Product Liability Insurance for Retailers: Everything You Need to Know
It’s time to shelve your worries about claims and hit “add to cart” on product liability insurance! (Too much? We’ll dial it back). There’s an easy way to safeguard your business and it starts with protecting the products you sell. But what exactly does product liability insurance do for retailers? That’s what we’re here to talk to you about today.
“Product What Insurance?!”
Before we dive into the nitty gritty insurance details, there’s usually one question most people have: Why are there so many different types of product liability insurance?
In short, we can blame SEO for the laundry list of names. There’s also the fact that “product liability insurance” is a mouthful, so some people call it product insurance or liability insurance. All of this, combined with insurance companies still using technical terms, has created a lot of nicknames for this coverage.
You might see these names, but know they all generally refer the same type of insurance:
Retail product insurance Product liability insurance for retailers Retailer product liability Insurance for retail productsThings might start to differ when you see the phrase “retail insurance,” since that type of coverage tends to go beyond what we are talking about today. …