If you manufacture or sell a product, you will more than likely need to have product as well as basic liability insurance as part of your business insurance. This type of coverage is designed to help protect your business financially if you are deemed responsible for injury or damage as a result of faulty or defective products. It also includes defending any claims.
Knowing this and putting in place steps to ensure there is little opportunity for this type of claim to occur, can save you money and angst. Ensure all of your personnel are aware of your commitment to fairness and honesty in all your business practices. This will go a long way towards minimizing problems. It will also give your staff confidence in selling your products. While there are no guarantees things cannot go wrong, setting good practices in place, from manufacturing to marketing, can minimize the possibility of something untoward occurring.
Any business with a good reputation for supplying goods and services as promised has the potential for growth and for increasing profits. Your standards should be high across the board, and your employees accountable for those same standards.
*
