Buy Product Liability Insurance -

Buying product liability insurance is often a "long story" because it moves from a simple checkbox for business owners to a high-stakes legal shield that can determine whether a company survives a single mistake. The "Why": When Reality Hits

Importers often assume foreign manufacturers are responsible for defects. However, under U.S. law, importers are treated as the manufacturer . Since U.S. courts rarely have jurisdiction over foreign companies (like those in China), the importer's insurance becomes the primary defense against claims like malfunctioning car parts or medical emergencies from supplements. buy product liability insurance

Lawsuits can reach astronomical figures. Philip Morris was once ordered to pay $28 billion (later reduced to $28 million), and General Motors paid $150 million to settle a class-action lawsuit. How to Buy: The Process Product Liability Insurance Buying product liability insurance is often a "long

Most businesses start by viewing product liability as just another bill until a scenario like these occurs: law, importers are treated as the manufacturer