Why choose IOA for product liability insurance?
When you provide products to customers, even the most rigorous safety measures cannot eliminate all risks. Defects, design flaws, or inadequate instructions can lead to costly lawsuits, property damage, or injuries.
Product liability insurance provides vital protection for your business, covering legal defense costs, settlements, and damages related to claims of bodily injury, property damage, or financial losses caused by your products. With IOA’s support, you can secure coverage that safeguards your operations and gives your clients confidence in your offerings.
IOA’s advisors offer expert guidance to help businesses find the best coverage options for managing product risks and protecting their bottom line.
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Expert insight into product liability risks
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IOA advisors understand the complexities of product liability exposures across diverse industries. We help businesses navigate the intricacies of coverage requirements, ensuring policies align with operational needs and potential risks. From understanding defective warnings to mitigating risks tied to design flaws, our expertise helps you stay prepared.
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Thoughtful policy selection
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At IOA, we collaborate with a network of leading insurers to identify comprehensive coverage options. Whether you’re a manufacturer, retailer, or distributor, we select policies that address your specific liability risks, such as product recalls or manufacturing errors, to ensure robust protection.
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Responsive claims support
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In the event of a claim, IOA provides proactive assistance to help simplify the process and minimize disruption to your business. From initial reporting to resolution, we work closely with you and the insurer to secure a fair and timely outcome.
Coverage features
Product liability insurance typically provides protection for:
Damages
Includes financial compensation for third-party bodily injury, property damage, or financial losses caused by your product.
Legal defense costs
Covers attorney fees, court costs, and settlements.
Product recalls
Covers expenses associated with recalling defective or unsafe products, including shipping, notification, and disposal costs.
Connect with an IOA insurance expert
Speak to an IOA broker who understands your industry, goals, and challenges.
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