Protection for companies that make, distribute, and/or sell products.
Businesses that manufacture, distribute, and/or sell products face additional liability risks — especially in our increasingly litigious environment. In addition to complex and changing regulations, product liability issues can arise from a number of areas, including a flaw in the warning label or instructions, a manufacturing flaw, or a design flaw inherent in the product. Any of these issues can result in lawsuits with significant legal defense costs and damage awards.
Could you afford the costs of a trial — not to mention a judgement/settlement?
To address to these types of exposures, products liability insurance is available. This coverage protects you should you be held liable for a loss to personal property, business property, injury, or death as result of your products. The types of products that put manufacturers at risk could be anything: clothes, toys, tools, building materials, electronic devices, and cosmetic and beauty supplies, just to name a few. The policy pays for the costs of your legal defense in addition to any settlement or judgment that your business would otherwise be required to pay.
Martin Insurance Group specializes in securing products liability insurance for manufacturers, distributors, wholesalers, and retailers. Yes, even retailers can end up being held liable if an injury or damage occurs as a result of using a product that they sell.
Additionally, if needed, we can provide you with product recall expense insurance, which covers the cost to replace the recalled product, consequential loss of profits incurred by your direct customers because of the product recall, and good faith advertising needed to regain customer confidence in your product and company.
Martin Insurance Group has worked with businesses in New Jersey, Pennsylvania, and Connecticut, including companies and organizations in Mercer, Middlesex, Monmouth, and Ocean Counties, as well as Bucks County, PA. Call now to speak with a representative about products liability insurance. Martin has the experience and expertise to protect you and your business. We invite you to find out more about the difference we can make in insuring what’s important to you. Please click here for a quote or give us a call at 800.353.5000.
Q. Why do I need products liability insurance?
A. If you own or are thinking about starting a business, having insurance coverage should be one of your top priorities — right after incorporation and a business plan.
Without specialized business coverage like products liability insurance, everything you put into a business could easily be wiped out with one accident, law suit, or other unplanned hardship. The Martin Insurance Group can help you assess your needs and get the right business insurance for your organization. Whether it’s as simple as a BOP (Business Owners Policy), or specialized industry coverage like bakery insurance or even cyber liability coverage, we can help.
Q. Why should I buy products liability insurance from you?
A. Martin Insurance Group works with hundreds of New Jersey, Pennsylvania, and Connecticut businesses of all sizes, in a diverse range of industries. Chances are, we have helped insure businesses similar to yours before ...READ MORE, so we know the ins and outs of your industry. What’s more, we have been selling insurance since 1983, and are a stable company you can trust.
Here are some additional reasons customers trust us for their commercial insurance needs:
We could save you money.
As an independent insurance agent, Martin isn’t tied down to one solution. We can compare policies and pricing on coverage such as general liability, workers compensation, and business umbrella insurance from a variety of providers and help you choose the one that’s right for your business’ unique needs.
We might even recommend one business insurance provider for part of your coverage and another for other coverage – whatever makes the most sense.
We stay on top of the paperwork.
With all that you have going on, it’s easy to forget to file or renew coverage. So Martin has developed quality control systems that ensure your commercial insurance records are current. We’ll even help you through the auditing process. No more scrambling to meet dates or find certificates – your Martin team will make sure you are on the ball and in compliance.
Q. I already have products liability insurance. How do I know if it’s the right type or amount?
A. If you already have some form of products liability insurance, but are not sure if it is the right type or amount of coverage, schedule a no-obligation review of your existing policies.
Our experienced team is generally able to identify gaps in coverage or opportunities to save money. Contact Martin today to schedule a complimentary review.