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Liability insurance
Product liability insurance
Product liability insurance protects against claims of personal injury or property damage caused by products sold or supplied through your business.
Could you afford to meet the cost of a compensation claim if your business was sued and you didn’t have cover?
Product liability insurance is usually included in your public liability policy and is essential if you sell, supply or deliver products to members of the public.
What does product liability insurance cover?
Product liability insurance covers unexpected and unintended personal injury or property damage arising from products that are manufactured, sold, supplied or distributed by your business
Typically, product liability covers:
- compensation payments for third party injury or even death
- repair or replacement costs, for damaged property or possessions
- medical treatment or an ambulance call out
- legal expenses, while you’re defending any of these claims.
Specific areas of cover include:
- Liability arising out advertising products or services, such as copyright infringement or defamation
- Damage to property within the custody of the business, including customer and employee property
- Damage caused by software that you supply
- Injury caused by equipment or packaging that you supply
- Illness caused by food, beverages or vitamins that you supply
- If arranged specifically, the policy can also cover some of the risks posed by product exports to foreign jurisdictions including the United States and Canada
If your goods are deemed to have caused loss, injuries or damage to land or property then you’re covered.
We also provide solutions to cover product recalls and product contamination. Contact our brokers to discuss your business risks. We will work with you to create a liability insurance package that fits your business.
CLAIM EXAMPLE
Fertiliser manufacturer
A fertiliser manufacturer supplied the wrong compost to a horticulturist for a specialised crop. The compost supplied burnt the crop’s young seedlings and the entire crop was lost and with it the year’s projected income. The products liability section of the fertiliser manufacturer’s policy responded favourably to the claim.
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Liability solutions
Public liability insurance
Protects your business in the event of claims made by the public in connection with your business' activities.
Statutory liability
Statutory liability insurance can protect businesses against certain unintentional breaches of NZ law
Employers liability
Employers liability protects employers against claims brought by employees who have sustained a personal injury not covered by ACC
Professional indemnity
Professional indemnity insurance is designed to cover professionals who provide advice
Directors and officers liability
Directors and officers insurance protects your executives and board from personal financial risk
Employment disputes
Employment disputes insurance protects employers against personal grievance claims brought by past or present employees
Product liability
Product liability insurance protects against claims of personal injury or property damage caused by a business
Crime and fidelity
Crime and fidelity insurance protect organisations from losses arising from dishonest acts committed by employees
Trustees liability
Trustees liability insurance protects trustees from personal liability while carrying out duties performed for the trust
Liability consequential loss
Responds to financial losses suffered by a business, following a business interruption that's a result of a liability insurance claim
Criminal defence legal costs
Provides cover for costs incurred in legal disputes brought against you, company officers and employers
Internet liability
Internet liability insurance provides specialist protection often not covered in general liability policies