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Home / Our Services / Product Liability

Product Liability

Product liability insurance is a type of insurance policy that protects your business against claims made by customers or third parties due to defects in the products they purchased.
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Do you need coverage first product liability insurance?

These types of claims may include injury, economic losses, and death. Insuranet can discuss your options with you and help you choose the right level of coverage. Our team wants to help you find the right product liability insurance plan for your business. We know how stressful and confusing this process can be, which is why we are here to guide you through it every step of the way.

A product liability policy can protect your business from unforeseen damages if something happens with your product that could result in a lawsuit. Product liability insurance can offer coverage for lawsuits and provides funds for defence costs, settlements and court judgments.

Our team consists of local brokers who understand our clients and their unique needs. This means they will ensure that all policies will be tailored to meet your specific requirements and provide adequate coverage for your business. In addition, these brokers also offer expert advice on risk management strategies.

Answering all your frequently asked questions

What is Product Liability Insurance?
Product Liability insurance is a comprehensive and customisable insurance coverage solution for a business. Product Liability insurance is an integral part of your business’s risk management strategy. It protects you from claims that arise from injuries or damage caused by faulty products, and can help cover legal costs if you are sued for damages related to product liability. If your company manufactures, sells, distributes, or supplies goods to consumers, this type of insurance is vital.
How much does Product Liability Insurance Cost?
Product Liability insurance may cost different amounts depending on a variety of factors. These can include the types of products you sell, the risks associated with the product, the size of your business and more. Contact the helpful Insuranet team for more information about our prices and receive a free obligation free quote today!
Is Product Liability Insurance Compulsory?
Product Liability Insurance is not required by law for most companies, however, it is worth considering the financial impact it could have on your business if you were sued or taken to court as a result of the faults of one of your products.
Do I need Product Liability Insurance?
Do you own a business? Do you manufacture, sell or distribute products for sale? If so, then you need to consider Product Liability Insurance. Here are some factors to consider: 1. What kind of products do I manufacture? 2. How large is my company? 3. Can I afford the risk if something goes wrong? If you’re still unsure, it is worth speaking to one of our helpful team members today to learn more about our Product Liability insurance offerings.

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General Advice Warning: Please be aware that any advice that may have been given or implied is general advice only. We have not taken into consideration your individual needs, objectives or financial requirements. Before deciding to purchase a financial product, you should consider the appropriate Product Disclosure Statement to ensure the product is suitable for your needs.

Ausure Insuranet Pty Ltd ABN – 79 653 099 524 is an Authorised Representative of Ausure Pty Ltd – ABN 94 096 971 854 AFSL 238433

CAR Number – 1293048

Our combined Financial Services Guide (FSG) and Advisor Profile contains important information about Ausure Pty Ltd, any authorisations and the services we provide. 

The following link will take you to an electronic copy of the FSG, if you would prefer to receive it another way please contact our office. Please click here to download the FSG.

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