Manufacturers, distributors, and importers need the protection that comes from having Consumer Products insurance. Because these goods are everyday products found on store shelves and used by individuals, families and households, the increased exposures open these businesses to product liability claims. Without the right insurance, even one lawsuit can send the company into bankruptcy.
Veracity Insurance Solutions’ Consumer Products liability insurance program provides competitive insurance options for those businesses that sell, manufacture, distribute, or import consumer goods. Veracity has constructed insurance policies to address the liability exposures that come from selling goods to consumers. Our in-house underwriting, experienced brokers, and quick turnaround times gives us the advantage when it comes to insurance for consumer goods.
Veracity has the consumer products liability coverages that businesses need to protect their financial interests, and is the solution for consumer goods insurance.
- Household Items
- Consumer Electronics
- Personal Care Products
- Nanotechnology Devices
- Clothing Products
- Startups & New Ventures Welcome
- Occurrence & Claims-Made-Forms
- In-House Underwriting
- Available in all 50 States
- Limits Up To $100 Million
Why Have Consumer Goods Insurance?
In December 2014 it was announced that a major tech company was facing a class action lawsuit because consumers allege the company purposely limited storage on certain devices to drive the consumers to a cloud storage. The plaintiffs allege the company used misleading statements and unfair advertising with their consumer products.