Lawsuits can reach astronomical figures. Philip Morris was once ordered to pay $28 billion (later reduced to $28 million), and General Motors paid $150 million to settle a class-action lawsuit. How to Buy: The Process Product Liability Insurance
Most businesses start by viewing product liability as just another bill until a scenario like these occurs:
A small business sold handmade pet toys at a craft fair, only to realize afterward that they lacked both an LLC and insurance. They faced the terrifying possibility that a single accident with one of those 50 toys could lead to a million-dollar lawsuit.
Buying product liability insurance is often a "long story" because it moves from a simple checkbox for business owners to a high-stakes legal shield that can determine whether a company survives a single mistake. The "Why": When Reality Hits
Buy: Product Liability Insurance
Lawsuits can reach astronomical figures. Philip Morris was once ordered to pay $28 billion (later reduced to $28 million), and General Motors paid $150 million to settle a class-action lawsuit. How to Buy: The Process Product Liability Insurance
Most businesses start by viewing product liability as just another bill until a scenario like these occurs: buy product liability insurance
A small business sold handmade pet toys at a craft fair, only to realize afterward that they lacked both an LLC and insurance. They faced the terrifying possibility that a single accident with one of those 50 toys could lead to a million-dollar lawsuit. Lawsuits can reach astronomical figures
Buying product liability insurance is often a "long story" because it moves from a simple checkbox for business owners to a high-stakes legal shield that can determine whether a company survives a single mistake. The "Why": When Reality Hits They faced the terrifying possibility that a single
