Product Liability Insurance Products

Compare 72 products offered for Product Liability Insurance from 44 companies including Economical Insurance, Anderson McTague and Associates, and APRIL Canada.

Our Insurance Comparison Tool allows you to pick the policy that's right for you by comparing every plan offered by Canada's leading providers. Need more info? Our Frequently Asked Questions can explain Product Liability cover in greater detail.

Compare Product Liability Insurance Policies

Products 1 to 10 of 72
Product name Max Coverage Min Premium Exclusions
Cannasure by Cansure Max Coverage N/A Min Premium N/A
  • health hazard
  • unlicensed drugs


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Product Manufacturers and Suppliers Professional Liability by Strategic Underwriting Managers Max Coverage N/A Min Premium N/A


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General Liability (Public / Products Liability) by Allianz Global Corporate and Specialty Max Coverage N/A Min Premium N/A


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Product Liability by AIG Insurance Company of Canada Max Coverage CA$50M Min Premium N/A


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Products Liability by Burns and Wilcox Canada Max Coverage CA$5M Min Premium N/A


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Life Science Liability by Trinity Underwriting Managers Max Coverage CA$10M Min Premium CA$1K


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Research and Development by Risk-Can Underwriting Managers Max Coverage CA$15M Min Premium CA$275
  • animal testing
  • contraceptives or products used for reproductive use
  • genetic testing services


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Medical Devices by Risk-Can Underwriting Managers Max Coverage CA$1M Min Premium N/A
  • contraceptives or products used for reproductive use
  • cosmetic devices
  • mesh


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Natural Health Products by CFC Underwriting Max Coverage CA$1M Min Premium N/A
  • companies manufacturing, wholesaling, importing or distributing products containing, or derived from, cannabis and/or kratom, or any pharmaceuticals or OTC products


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Health and Wellness by CFC Underwriting Max Coverage CA$5M Min Premium N/A
  • cosmetic or plastic surgery
  • cryotheraphy
  • hair transplants


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Frequently Asked Questions

(click to expand)

What Is Product Liability Insurance?

Product Liability insurance provides coverage for manufacturers or vendors in case of an incident of Property Damage or Bodily Injury caused by a product they have either made or sold. Faults in design, defects, damaged goods or tampered items can cause harm that violates their intended use. If a product is not deemed safe or fit for purpose then either the manufacturer or retailer is liable.

 

Product Liability insurance combines elements of Public Liability and Professional Liability to cover risks specific to the supply and purchasing of goods.

Who Is Product Liability Insurance For?

Product Liability insurance is designed for merchants and manufacturers who produce and sell commercial goods. As flaws can be identified in both the manufacturing stage as well as during transport and storage, it is important for manufacturers and merchants to be sufficiently covered in case they are liable for the actual damage. Those who could be liable include:

 

  • Designers
  • Manufacturers
  • Labellers
  • Suppliers
  • storage facilities
  • Retailers
  • Repairers
  • Importers

As identifying the cause of damage may be complicated, it is important that all processes are sufficiently covered from product design to point of sale.

What Does Product Liability Insurance Cover?

As Product Liability is concerned with claims relating to damage caused by the use of a product, areas covered include:

 

  • Bodily injury
  • Property damage
  • Legal expenses
  • Compensation costs

Common examples of Product Liability claims may be due to any of the following:

  • Design defects
  • Manufacturing flaws
  • Damage in transit
  • Faulty repair
  • Rebranding an existing product
  • Defective instructions
  • Imports from regions with different product safety specifications

What Is Not Included In Product Liability Insurance?

Product Liability is concerned with damage caused due to the faulty nature of a product. Extra expenses such as a Product Recall is available separately or as part of a comprehensive insurance program for businesses. Other general exclusions from Product Liability coverage include:

 

  • Recall, replacement or repair costs
  • Unsuitability or failure to perform
  • Loss or damage to property in the custody or control of the insured
  • Professional negligence
  • Gradually occurring pollution
  • Penalties, fines or punitive damages

How Much Does Product Liability Insurance Cost?

The cost of Product Liability insurance is based on the following:

 

  • Type of business
  • Location of the business
  • Value of the company
  • Type of product manufactured/sold
  • Claims history

While coverage limits will be determined on the type of goods manufactured as well as the type and size of the company, safety precautions will reduce the overall costs if the following are considered:

  • Implementing safety policies
  • Providing warnings of potential risks through proper use and dangers through improper use
  • Taking early ownership should safety concerns be found
  • Ensuring safety knowledge of products sold