Product Liability Insurance Chicago
Product Liability Insurance protects your business in the event that someone is injured as a result of using your company's product. Even when your business operates with utmost care and concern, any consumer injured by your product can initiate a liability claim. Whether your business is a partnership, sole proprietorship or limited liability corporation, you can be held personally liable for your products or services if:
- You personally injure someone in the process of doing business
- Your actions were negligent or irresponsible during manufacture/delivery of goods
- You failed to legally establish your business as a separate financial entity
- You financed your company with a personal guarantee for a business loan
Owning and operating a business in Illinois or Wisconsin comes with plenty of responsibilities and commercial accountabilities. It is imperative to have product liability coverage to protect both personal and business assets from financial ruin. Commercial liability insurance covers your legal costs and the damages awarded in a product liability lawsuit. If you own a services business, manufacturing plant or farm in the Chicago, Rockford or Milwaukee area, call 888-817-2837 to discuss your business insurance needs.