Product Liability Insurance is a type of coverage that protects businesses from financial losses due to claims made by consumers who are injured or harmed by their products. If a customer suffers an injury or property damage because of a defective item, this insurance helps cover legal fees, settlements, and medical expenses. It is essential for manufacturers, distributors, and retailers to safeguard their assets and reputation. Having Product Liability Insurance is crucial for any business involved in the production or sale of goods. It not only provides financial protection but also helps build trust with customers, showing that the company takes responsibility for the safety and quality of its products.