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Product Liability Insurance

What Is Product Liability Insurance?

Read below to find out more about Employers’ Liability insurance and what it covers.

What Is Product Insurance And What Does It Cover?

Product Liability, also known as Sales and Service Indemnity, is a type of insurance that covers you for any incidents caused after the sale or service of a vehicle, or after you have carried out work on a customer’s car, bike or van that you could have otherwise been liable for. Despite every effort of inspection and intentions for quality workmanship, there is still a chance that something could go wrong; a part you fit may be faulty or defective, or it may be fitted incorrectly which then causes damage to the vehicle incurring further expense. This policy will help cover any claims of injury or damage made against you after the vehicle has left your premises.

Product Liability Insurance Explained

Regardless of how vigilant or meticulous you are, there will always be a chance for an accident to happen. When you are in the business of repairing or selling vehicles, the implications of such accidents become much greater. If anything were to happen whilst your customer was on the road, it could lead to serious damage, injury or even loss of life. Sales & Service Indemnity insurance is intended to protect you against such claims. 

Imagine if a customer’s brakes were to fail after having them repaired by your company. A successful claim of this nature could reach hundreds of thousands of pounds depending on the outcome of the incident. Similarly, if you were selling a vehicle, although every intention is good and every vehicle is checked, you cannot account for everything. For example, if someone purchases a vehicle from you and the next day the steering locks up and they have an accident, you would be liable and as such could face a heavy penalty. At least with Product Liability insurance, your protection is extended beyond your business activities, to cover the work carried out and any parts fitted. 

So what can cover include?

  • Sales & Service Indemnity Insurance
  • Product Liability Insurance
  • Faulty or Defective Parts Fitted
  • Cover Beyond Your Business Activity
  • After Sale Cover
  • Post Service Cover

Want To Get A Quote?

Want to find out more, speak to an expert or get a Product Liability insurance quote? Call our specialist team on 0800 221 8077 or click Get a Quote below to find out how much you could save.