Here at QuoteGrab, seeing your business succeed is at the top of our to-do list. That means saving you money, time, and finding you a great solution to your business needs is at the forefront of everything we do. So, when you’re on the hunt for Product Liability Insurance, we can find it for you. All you have to do is fill out a form, and grab that quote!
All you have to do is fill out a form, and grab that quote!
Takes 2 minutes
We love sourcing solutions for your business needs. But it’s sourcing them super-fast which makes us QuoteGrab.
Time is money - so why not save both? We pride ourselves on saving you money so you can stay well within budget and beat the clock.
Get Great Professional Indemnity Insurance
We don’t stop at comparing the costs; finding you top-notch Product Liability Insurance is always our ambition. A cheap price doesn’t have to mean cheap quality.
In case you haven’t noticed, saving you time and saving you money is pretty important, here at QuoteGrab. But it’s making sure your business does brilliantly that really makes us tick! It’s business solutions like Product Liability Insurance that can do just that by protecting you from costly complaints and expensive errors. But how can you find it? Simple - with us.
Finding fixes for your business’ needs - yes, all of your business needs - is just part of the workweek, at QuoteGrab. This is especially important given the need to stay fully insured. Legal costs can stack up and leave you with a tarnished reputation - and neither will help your business! So, once you’ve clicked for a quote, we’re busy finding that fix! We are pinpointing the policies, running the numbers on the premiums, and reviewing the insurers’ ratings. And why do we do this? So you don’t have to!
We’ve even compiled the must-know-info on everything Product Liability Insurance so you can get up to speed. Once you’ve filled out the form, your fix is sorted.
You don’t need to be Bill Gates to know that making money matters. It keeps your business afloat, puts wind in the sails, and sends you off to your next business adventure! Saving it and spending it can make - or break - your business. And finding a deal on something as important as Product Liability Insurance is a worthy price to pay! This is why we place so much significance on finding you the high-quality, low-cost solution to your business needs.
Benefits of Comparing Prices
Find lower-cost, higher-quality Product Liability Insurance prices
Discover a wide range of insurers to choose from
Get a premium to suit your business’ current and future needs
We don’t just love bagging a bargain for our clients - we can’t turn down a good deal, ourselves! And because of this, we’ve gathered an arsenal of money-saving tips. So, it’s about time we passed some of them down to you…
Compare Your Way To Low Costs
So you’re looking for cheap Product Liability Insurance? Then why aren’t you actually looking? To find the best deal, you’ll have to compare the different insurers. Consider their price, policies, and experience with businesses just like yours. Don’t have time to do that? Not sure how to go about it? Leave it to us, and grab a quote!
Ensuring that your product is fitted with the necessary safety measure is a great way to reduce your premium and improve customer experience. Plus, it’ll improve your reputation if you exhibit a focus on safety and protecting your customers, In fact, it will have the opposite effect of a product liability claim made against you.
Increase Quality, Decrease Coverage
Customer claims often arise from poor quality goods breaking or malfunctioning. So, it follows that improving the quality of the product can reduce the chance of expensive errors and surprise compensation costs. Investing in greater quality control of improved products is a worthy purchase in the long-run by reducing your premium.
Showcase The Safety
How the product in question is marketed to customers will also have an impact on the premium. If it exhibits signs of danger, for example, this will clearly signal a risk that could end up as legal action against your business. This will push up your premium. Rethink the marketing, and put safety first!
Product Liability Insurance can protect your business from surprise claims and costs of injury or damage arising from one of your products. By covering a certain amount of the compensation pay-out required, you can be covered for the legal costs. This insurance will cover the cost of legal defence and compensation claims to injured parties or those claiming damage occurred.
Peace of mind is rarely experienced in the world of business, but Product Liability Insurance can provide this by protecting your budget from sudden legal claims and their subsequent costs arising, allowing your business to move forward no matter the obstacle it faces. It covers manufacturing or production flaws, provides protection against design defects, and it helps your business prepare for claims regarding labelling of products.
Even if it's a price you're willing to pay, there’s always a way to keep those costs down. Here are some QuoteGrab suggestions for cutting down on your website design costs:
Low-Quality Doesn’t Mean Low-Cost
Product liability claims arise from problems that have their root in faulty or dangerous products. So, it stands that cutting out the low-quality and investing in higher standards will not only improve the product, but also reduce your premium. That means a better reputation and a lower price, too!
Better To Be Safe Than Sorry
Implementing safety measure won’t just improve your reputation among customers, it will also reduce your premium. By lowering the risk of your product, you lower the chance of product liability cases. And whilst this might figure as an investment, it’ll reduce your premium.
Rethink Your Marketing
The way you market your product can pile up the pennies when it comes to your Product Liability Insurance. Inferring the safety of your product and showcasing its low-risk nature are sure-fire ways to reduce your premium and improve trust in your product. Sound like its win-win to me!
Make Less Money
It might not be a feasible option, but it can still save you on your Product Liability Insurance: make less money! Your revenue is one of the deciding factors in the price of your premium, so lowering this will lowering the cost. Not sure that’s a step you want to take? Grab a quote, and we can find a low-cost option for you, instead!
Compare, Compare, Compare
There’s only one way to find a cheaper premium - and that’s by checking out the insurers on offer! Find the top insurers, and compare their Product Liability Insurance by rating from previous customers, their experience with businesses similar to yours, and their prices! Or, you could skip that, and grab a quote, instead…
Decrease The Danger
The extent of your coverage is what drives up the price of the premiums. The more coverage, the higher the amount available to pay for legal costs, and the more pricey the premium. By making your products less dangerous, you can lower the chance of serious injuries which anticipate higher compensation payouts.
We get emailed, tweeted and asked the same questions every day. So to combat those queries, we’ve decided to answer the most common ones here.
+ What Does Product Liability Insurance Cover?
Product Liability Insurance covers and pays the legal fees and compensation costs if your business is sued for injury and damage as a result of a product. You will be liable to pay these costs if you’ve manufactured the products you sell, but you could also be liable if the products bear your business’ name or if you’ve repaired or refurbished them. Also, if the manufacturer is unknown or has gone out of business you will be liable.
+ Is Not Having It Illegal?
No - there is only one type of business cover that is a legal requirement (in the UK), and that is Employers’ Liability Insurance. Not purchasing the other covers that make up a business insurance policy will not result in legal trouble. However, some industry bodies expect certain kinds of insurance to be in place for your business or you will not be able to operate.
+ Which Businesses Need Product Liability Insurance Cover?
If you supply, manufacture or sell goods it is recommended that you have Product Liability Insurance. As a supplier, seller and manufacturer of a product, you have a duty of care for the customers and users of said product. Even though you don’t legally have to have the insurance, you are required by the Consumer Protection Act (UK) to make sure the goods you supply are safe for use.
+ What Is The Difference Between General Liability Insurance And Product Liability Insurance?
General Liability Insurance protects companies and their business from general claims such as injuries and property damage. Product Liability Insurance, on the other hand, is more specialised than this. General liability insurance often takes cares of falls and more simple bodily harm, whereas Product Liability Insurance looks at potentially hazardous products.
+ How Much Does It Cost?
This varies depending on the risk of each individual product. The type of product, the amount of revenue the product derives, how it’s marketed to consumers, and the safety measures put in place all figure as key factors in the price of the insurance. The most risk-worthy the product, the more costly the insurance.