Product Liability Insurance

Although not a legal requirement, if your business supplies products to customers, you have a responsibility to ensure they’re safe.  

Manufacturers, retailers and wholesalers all should consider product liability insurance. If you don’t create the products, but you sell them, still you could be held responsible for injury or damage caused by faulty or harmful products that you provide. 

These include if: 

• Your business has its name on the product 
• You can’t identify the manufacturer 
• Your business repairs or changes the product 
• You imported the product from outside the UK 
• The manufacturer has gone out of business 

No, product liability insurance isn’t a legal requirement in the UK but it should be strongly considered if your small business produces, sells, or even just supplies goods.

The cost of product liability insurance cover varies depending on several factors unique to your business, including:  

• Type of product -  The type of product you sell or manufacture will influence costs 
• Claims history - A history of claims can indicate higher risk, leading to increased premiums. 
• Workplace risks - Businesses with dangerous working environments or heavy-duty equipment may face higher costs. 

To find out exactly what it’ll cost to insure your business, speak to a member of our insurance team today.