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General liability insurance typically costs $30 a month or less based on a survey we performed on 50, small business owners. We also learned that 95% of. Product liability insurance reduces the risk of these expenses by paying for defense fees and claims costs. Instead of facing thousands or even millions of. With properly set up insurance coverage, typically damages as well as legal costs and court fees are paid by the insurance company and can include: Bodily.

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The average cost of product liability insurance for products in a low-risk category is about $ per each $ in revenue. Product liability insurance covers the costs of a compensation case brought against your business for damage or injury caused to a consumer by a product. Product liability insurance is a specialized form of coverage and typically pays legal fees, settlements, and judgements arising from covered claims – get a.

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Product liability insurance covers the cost of compensating anyone who is injured by a faulty product that your business designs, manufactures or supplies. It's a well known fact that, with the exception of professional liability claims, product liability claims and jury awards for those claims are the most costly. Product Liability Insurance protects your business from claims of bodily harm or property losses caused by a product. View costs, coverage, and quotes.