We have been selling laptop adapters for over six months now and I decided we had better get some product liability insurance in case one of them burnt someone's house down!!
Been trying some Business Insurance companies from the net and every time you tell them they are made in china they don't want to know. Just wondered if anyone has got any experience of buying product liability insurance for a reasonable price?
The link is about a UK company covering a product they manufacture and export. But there is mention of what you really need.
The net is the wrong place to buy insurance, particularly business insurance. Fine for a quote on life, or auto, but not what you need at all.
As mentioned on the page Canada linked to, you need an experienced commercial business insurance broker. Best one you can meet with and look in the eye. There are many who specialize in various aspects of business insurance. Find one familiar with product liability from the manufacturer's standpoint.
You may also consider a lawyer with a products liability specialty. And possibly some sort of UK certification. In the US it's Underwriters Laboratories (UL). That in itself will lend some legitimacy to your product.
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Product Liability Insurance for Chinese Products
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November 2009
