Product Liability Insurance
Protect your business from product-related claims and lawsuits with Product Liability Insurance.
Trusted by over 300,000 Canadian small business owners!
Save up to 35% on your insurance
Instant price and coverage in just a few clicks!
Trusted by over 300,000 Canadian small business owners!
Save up to 35% on your insurance
Instant price and coverage in just a few clicks!
Partnerships with over 50 leading Canadian insurance providers
Partnerships with over 50 leading Canadian insurance providers
Why Choose Zensurance?
We help Canadian small business owners save time and money by providing
a convenient and affordable way to buy business insurance.
Convenience
Purchase your insurance anytime, anywhere, with our easy-to-use online platform.
Cost
Compare rates across leading insurance companies to ensure you get the best price on your premium.
Curation
We use data and analytics to identify the right insurance policies for your business.
Claims Examples
Problem: A customer claims a skincare product you formulated and sold to them caused a severe chemical burn.
Outcome: Your client successfully sues for bodily injury. Your Product Liability Insurance covers the medical fees and legal expenses, totalling $85,000.
Problem: A customer claims a malfunction in the toy they purchased from your e-commerce site caused their toddler to choke.
Outcome: The customer successfully sues you for bodily injury. Your Product Liability Insurance covers the legal expenses and costs to recall the product, totalling $134,000.
Problem: Your distribution company is named in a lawsuit against one of your retail suppliers regarding a design malfunction.
Outcome: Your Product Liability Insurance covers the legal expenses and monetary judgment, totalling $330,000.
Product Liability Insurance, Explained.
What is Product Liability Insurance?
Product Liability Insurance protects business owners against claims alleging third-party property damage or bodily injury caused by a product you manufacture, distribute, or sell. It protects your business from damages from design, manufacturing, or marketing defects, such as incorrect labelling and safety warnings.
What is not covered by Product Liability Insurance?
Product Liability Insurance only covers third-party property damages or bodily injuries caused by a product you sell or manufacture. Any other damages to a third-party, such as slip-and-fall injuries, would be covered under a separate general liability insurance policy.
How much does Product Liability Insurance cost?
The cost of Product Liability Insurance will vary depending on the type and volume of products you sell, manufacture, or distribute.
The following factors are typically taken into consideration when determining the cost of your premium:
- Type of Product and Associated Risks
- The volume of Product Sold
- Claims History
- Coverage Limits
- Annual and Projected Revenue
Note: your Commercial General Liability Insurance may not automatically include product coverage. Speak to your broker about customizing your policy to meet your specific business needs.
Who needs Product Liability Insurance?
Product Liability Insurance is recommended for anyone who sells, manufactures, or distributes a product, including food. It is beneficial to online retailers, as well as those operating a brick-and-mortar location.
If you are a member of a distribution chain, ensure all suppliers, manufacturers, and distributors are adequately insured. Please discuss with your broker whether or not you need to add them to your policy. Conversely, make sure you are included as an additional insured on their policies, as you can be held responsible for product liability on their end, too.
If you import or export products outside of North America, verify that the products are compliant with industry standards and that all labels contain the required and appropriate information.
Does Product Liability Insurance cover services?
No, Product Liability Insurance does not cover service-related claims and only covers third-party property damage or bodily injury caused by a product you sell, manufacture, or distribute.
Claims associated with failure to provide a service as advertised, negligence, or misconduct are covered by Professional Liability Insurance, also known as Error and Omissions.
How much Product Liability Insurance do I need?
The amount of coverage you need will vary based on factors such as product type, associated risks, and volume. Speak with your broker to determine the adequate coverage for your specific business needs.
Frequently Asked Questions about Product Liability Insurance
Other Business Insurance Coverage Options To Consider:
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- A quick and efficient process to get the policy I needed. Thanks to Bernard A for his help and timely responses.james nye5/01/2024Friendly and time efficientErfan Nasajpour5/01/2024Josh was super helpful and very responsive! He was able to find us an affordable coverage and get our policy in place quickly. Thanks for the great service Josh!I Know A Guy! Home Inspections4/30/2024
- keagan welch is professional , very quick ,and he answered all my questions.Highly recommend him.Ammar mahrous4/30/2024The process was quick and easy. My contact was extremely responsive and made the process hassle free.ERIC LEFAIVE4/30/2024Bernard Albano was great, very helpfulShannon McNeice4/30/2024
- Good service and competitive price offering. I was on a bit of a time crunch to get business liability insurance and Shannon assisted really well answering the questions and getting policy done in less than a day.Sameer Naik4/30/2024Bernard Albano was incredibly helpful and efficient in helping me get setup with insurance for my business. Thanks Bernard!Chelsea Stepien4/30/2024I had some problems with changing information on my policy. Communication was quick and I didn't have to wait weeks for someone to call me back. Isha was knowledgeable and solved my problem in a matter of minutes.Megan Sea4/29/2024
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Our friendly support team is always ready to answer questions, we’re just a click or a phone call away.