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Product liability insurance for small business
Protect against claims from faulty or unsafe products
Win contracts with suppliers by proving you're covered
Tailored policies from a variety of insurers and access to fast, expert support
Helping businesses with insurance for over 70 years
Finding you the best cover
We work with a wide panel of leading insurers to find the most suitable quotes and provide tailored cover designed specifically for your needs.
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Our team of insurance specialists have more than 70 years of experience in the industry.
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Our agents conduct a thorough fact find to understand your unique requirements, then work with insurers to get you the cover you need.
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What is product liability insurance?
For a simple product liability insurance definition, it’s a policy that protects businesses against claims related to faulty or harmful products. Does your business sell, manufacture, or distribute products? If they cause injury or property damage, you could face legal action. Even if you’re not the manufacturer, you may still be liable if your brand name appears on the product or if you import goods from outside the EU.
Product liability insurance covers potential legal fees and compensation costs. For small businesses, a single claim can result in financial ruin. That makes this cover essential.
Which small businesses need product liability insurance?
Even if you don’t directly manufacture the products yourself, you could still be held responsible if an item you sell causes harm. Without product and liability insurance, the cost of defending a legal claim can be devastating for any small business. Suitable coverage ensures you can handle these risks without financial difficulty.
Any business involved in producing, selling, or distributing physical products should consider product liability insurance. This includes:
Manufacturers
Retailers
Wholesalers
E-commerce businesses
Hospitality
Outlets offering customised or handmade goods
Product liability insurance: The benefits
Financial protection
You could be liable if one of your products causes injury or damage. Product liability insurance covers legal costs and settlements, saving you from potentially crippling financial consequences.
Bolster your defence
Defending a claim in court, even if it’s unfounded, can be expensive. Product liability insurance supplies the financial support to cover legal fees and expert representation.
Reputation safeguard
Product-related incidents can seriously harm your brand’s credibility. The right insurance allows you to address claims professionally, which helps to maintain customer trust.
Essential for contracts
Many retailers and suppliers require proof of product liability insurance before working with you. Coverage helps secure business partnerships and expand your market opportunities.
Covers a wide range of risks
From faulty components to allergic reactions, product liability insurance covers various risks associated with the goods you sell.
Peace of mind for business growth
Expanding your product range and entering new markets carries risks. Insurance protects from unforeseen claims, allowing you to innovate and scale with added confidence.
What's covered with product liability insurance?
Injuries. Illnesses. Property damage. If defective or unsafe products lead to these issues, product liability insurance covers claims. This includes manufacturing defects, design flaws, and failure to include adequate warnings or instructions.
You don’t necessarily need to be the manufacturer of the product. Importers and distributors can also be caught up in legal action. For instance, you can still be held liable if you’re not directly responsible for a defect. With product liability insurance, your business can handle unexpected claims without suffering major financial setbacks.
What isn't included with product liability insurance?
Product liability insurance likely won’t cover for intentional negligence and bad workmanship. Claims can be denied, for example, if a defect is caused by deliberate misconduct. It doesn’t cover product recalls, which require separate insurance. Furthermore, warranty claims – like dissatisfaction with a product’s performance rather than damage or injury – typically aren’t included.
By understanding exclusions, you’re in a better position to obtain the right combination of coverage to protect your business from different types of risks.
Finding the best product liability insurance with Radius
You want to protect your small business. One step towards that goal involves selecting the right product liability insurance. That’s where we help. At Radius, we work with a wide panel of leading insurers to find tailored product and liability insurance to suit your needs. Our experts assess your business, understand your risks, and find comprehensive protection at a competitive price.
Whether you manufacture, sell, or distribute products, we can add that layer of protection against unexpected claims. Get in touch to compare quotes and secure the best coverage for your business.
Frequently asked questions
Can’t find an answer to your question? Talk to the Radius customer support team on 0114 261 2020. We’re here to help you with any questions or concerns you may have.
What does product liability insurance cover?
How much does product liability insurance cost?
What’s the difference between public and product liability insurance?
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UK Fuels, Radius Insurance Solutions Limited and Milestone Insurance Consultants Limited are owned by Radius Limited, with registered company number 08260702. Registered address: Eurocard Centre, Herald Park, Herald Drive, Crewe, Cheshire, CW1 6EG. Radius Insurance Solutions is a registered company (number 3668469 and FCA reference number 300425). Radius Insurance Solutions is a trading style of Milestone Insurance Consultants Limited (registered company number 04587285 and FCA reference number 307191). Authorised and regulated by the Financial Conduct Authority.