Product liability insurance is an integral commercial insurance policy for any business that sells physical products. However, this standard coverage option doesn’t meet the needs of Glendale, CA, business owners who make and/or sell high-end, luxury products. If you sell expensive items, you need luxury product liability coverage.

What Does Luxury Product Liability Insurance Cover?

Luxury product liability insurance covers many of the same perils covered by a regular product liability insurance policy. These perils include defective manufacturing and/or design, claims related to bodily injury and/or property damage, and claims accusing the seller of failing to adequately warn buyers about potential product dangers.

However, luxury product liability insurance has higher coverage limits than a regular policy, ensuring your business won’t go under if a wealthy client sues you for millions of dollars. Luxury product liability insurance covers medical bills, legal defense costs, settlements, and judgments to allow you to deal with allegations quickly so they don’t affect your business’s reputation. Plus, luxury product liability insurance can be customized to meet your specific needs. This is especially important if you make items that could have (or be alleged to have) unique defects.

Find out More from Voi Insurance Solutions LLC

Voi Insurance Solutions LLC is a full service, independent insurance agency serving business owners in and around Glendale, CA. Our team offers expert advice and a range of policy options from top-tier insurance companies to make it easy for you to get the specialized commercial insurance coverage you need for your luxury business. Call us to find out more or to request price quotes. Call us at your convenience to find out more or to request price quotes.