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Product Liability Insurance is a type of insurance that protects businesses from lawsuits arising from injuries or damage caused by their products. This can include legal settlement costs, medical costs, and damages. PLI is an important policy for any business that makes or sells products to have, as it can help protect their assets from expensive lawsuits. This type of insurance can help give business owners peace of mind, knowing that they are protected should a problem occur with their products. There are several different types of product liability insurance policies, so it is important to choose the right policy for your business. Policies can cover various types of risks, including: 1. Bodily injury: This covers injuries caused by your product, such as injury from contaminated food or a defective toy. 2. Property damage: This covers damage caused by your product, such as fire damage caused by a faulty appliance. 3. Economic losses: This includes financial losses caused by your produ
