Product liability insurance PLI is a insurance protects businesses from lawsuits arising injuries

Product liability insurance (P L I) is a type of insurance that protects businesses from lawsuits arising from injuries or damage caused by their products. This type of insurance is important for businesses of all sizes, as it can help protect their assets if they are sued. Product liability insurance is important for businesses of all sizes, but it is especially important for businesses that produce high-risk products, such as food, drugs, or toys. This type of insurance can help protect businesses from significant financial losses if they are sued for injuries or damage caused by their products. There are several different types of product liability insurance, including: 1. General product liability insurance: This type of insurance protects businesses from lawsuits arising from injuries or damage caused by their products, regardless of the type of product. 2. Recalled product liability insurance: This type of insurance protects a business from the costs of recalling a product that is found to be d