Product liability coverage provides protection against bodily injury and property damage losses arising out of some defect in the product you sold, manufactured or distributed. Marijuana product liability insurance may also provide coverage for claims arising from damages due to providing inadequate instruction for use of the product or a failure to warn on your product label.
Why Product Liability Insurance?
Defective or dangerous cannabis products are the cause of thousands of injuries every year in the United States. Responsibility for a product defect that causes injury may affect all sellers of the product who are in the distribution chain. Listed below are a few examples of parties that may be exposed to a product liability claim:
The product manufacturer, importer, or distributor;
A manufacturer of component parts;
A party that assembles or installs the product;
The wholesaler; and
The retail store that sold the product to the consumer
In addition, under the definition of “Strict Liability,” the person injured by a product may be entitled to compensation for their injuries without showing that the manufacturer or seller of the product was actually negligent.
It’s never too soon to invest in Product Liability coverage.
What is included in your Product Liability policy?
Your cannabis product liability policy provides coverage for your goods or products manufactured, sold, handled, distributed or disposed of by you and/or your company. Product liability also offers protection from providing, or failure to provide, warnings or instructions about your products.
How to get started on your quote
To get started on your quote, call our office or click over to our quotes page. Either way we’ll make the process simple!