If you make, distribute, or sell products, you face the possibility of claims related to defects, safety concerns, or even misuse. Product liability insurance covers the financial fallout from these situations, including legal defense and settlements. It applies to businesses of all kinds, manufacturers, wholesalers, and retailers alike. Even the most careful quality controls can’t prevent every accident, but the right policy ensures your business is prepared if something goes wrong.

For businesses that provide services, professional liability insurance, sometimes called errors and omissions (E&O) coverage, protects against claims that your work caused harm or financial loss. This could include mistakes, oversights, or miscommunication in the services you provide. While it doesn’t cover criminal actions, it’s a vital safeguard for any company that works directly with clients or customers. With the right plan, you can feel confident that a single error won’t undo years of hard work.

Even when you follow the rules and do everything right, things can still go wrong. A lawsuit over a defective product or a client claim against your services can cost thousands in legal fees alone. Liability coverage gives your business a financial cushion and peace of mind, so you can keep moving forward, even when mistakes or misunderstandings happen.