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Product Liability Insurance in Burbank, Valley Village, and Toluca Lake, CA

As the owner of a business, you are liable for any products you manufacture or sell—and if somebody is hurt as a result of using the product, you may be at fault for the incident.

When you ask for coverage from our agency, we will determine the likelihood of a lawsuit being brought against you as a result of one of your products being used. Our experts can identify the risks associated with your products or services and appropriately scale a policy to cover those risks. We can also offer advice on how to make your products less prone to risk. This may involve modifying your product, packaging it differently, or changing any instructions and warnings included with the product. When done well, these precautions can help reduce the company's liability and stop customers from using the product in an unsafe way.

Do I need Product Liability Insurance?

If your company manufactures or sells any kind of product, it is strongly recommended that you have some form of liability coverage. Even products that are widely regarded as 'safe' can malfunction in a way that causes harm to the user, and defending against a lawsuit is usually expensive enough that many companies (and claimants) prefer to simply settle out of court. Product liability insurance can reimburse you for expenses (including defense costs and settlements) that occurred during this process.

Product liability cases that go to court are among the most expensive forms of personal injury cases, and as of 2013 these cases had an average payout of more than $6 million. All companies that obtain this type of coverage are encouraged to have a policy limit higher than the median payout—anything less makes it likely that your company will suffer significant losses if a jury decides against you.

Don't forget to talk to your agent on a regular basis as your business continues to grow. Larger businesses often face larger risks than smaller ones (including, among other things, increased exposure as a result of having more customers who could potentially file a lawsuit). A plan that suffices for a small company may not be enough to protect a large one.

What does Product Liability Insurance Cover?

Product liability insurance mainly covers the legal obligations of a company. This may include payments like:

  • Court fees
  • Legal defense costs
  • Personal injury awards
  • Out-of-court settlements
  • Miscellaneous fees that may occur during any of the above

If you feel any of these forms of coverage are missing from your policy, or if you are starting a business and need product liability coverage, speak to a Roman Empire Insurance Agency, Inc. agent or request a quote today.

 

1. Ross, Kenneth. "The Role of Product Instructions in Product Liability Prevention." In Compliance. April 30, 2015. Accessed April 18, 2016. http://incompliancemag.com/article/the-role-of-product-instructions-in-product-liability-prevention/.

2. "Settle Your Personal Injury Claim." AllLaw.com. Accessed April 18, 2016. http://www.alllaw.com/resources/personal-injury/settle-your-personal-injury-claim.

3. "Product Liability." III. Accessed April 18, 2016. http://www.iii.org/fact-statistic/product-liability.

Our Location

Roman Empire Insurance Agency, Inc.

2110 N Glenoaks Blvd
Burbank, CA 91504
Main office: 818-938-2377

Our Providers

I have had Roman Empire Insurance as my agent for about two years now. Working with Tom and Argam is amazing. I keep referring my friends and family because they get you the BEST coverages for a great price. Customer service is a priority as well. I just had to update my insurance info and within less than 2 minutes Argam made the changes and emailed me my new insurance card... Thank You So Much Gentlemen!!!
Raul L. from Palm Springs, CA
I highly recommend Roman Empire insurance company because it is one of the most reliable insurance agencies that has the most affordable price on businesses, homes, and cars. The agents are very nice, friendly, knowledgeable, and fast.You can get the best quote within minutes of your call. They work hard to offer you the best.Because of Argam I ended up saving 3,000 a year on only one of my cars!! Argam can save you thousands a year, and you will not have to worry about anything.
Lilit G. from Glendale, CA
The most loyal customer friendly service ever. Their work is flawless. Whenever I have questions about my policy, not only they explain to me in a common sense, it's easier for me to understand about the policy. Their work is something you can rely on. Whatever insurance questions that you may need they will help you. I highly recommend if you ever needed a quote or you want to switch your insurance and sign up with these guys. You guys are simply the best at understanding best and returning phone calls at much quicker respond time
Dro A. from Glendale, CA
They have the best deals for home and car insurance. Tom, the agent who was helping me was really very patient and very nice too. Would definitely recommend him as a very good professional insurance agent.
Maria S. from Burbank, CA
Just good things about this agency!nice and honest stuff with super good prices! I had a great experience with them getting my auto insurance!!
Argin D. from College Hills, Glendale, CA