Product Liability Insurance | Paramount Exclusive Insurance
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Your Products, Good


California Product Liability Insurance


In California, product liability insurance coverage provides protection against bodily injury and property damage losses arising out of some defect in the product you sold, manufactured or distributed.


It sounds simple, and it is, but Paramount agents have found that it can also be incredibly costly if a claim is made against you. Let’s be frank: A product liability lawsuit usually requires numerous expert witnesses and the evaluation of thousands and even hundreds of thousands of documents. One attorney estimates that the cost of investigating and litigating this type of case easily exceeds $100,000. You cannot afford to avoid purchasing this type of insurance.


Defective or dangerous products are the cause of thousands of injuries every year in this country. Responsibility for a product defect that causes injury may affect all sellers of the product who are in the distribution chain. This includes the product manufacturer, importer, distributor, a manufacturer of component parts, assemblers or installers of the product, the wholesaler, and the retail store that sold the product to the consumer.


In addition, the person injured by a particular product may be entitled to compensation for their injuries without showing that the manufacturer or seller of the product was actually negligent. This means the odds are really stacked, and the only way to combat those odds is to make sure you have adequate protection in the event of a claim like this.


According to one insurance study conducted a few years back, the average jury award in product liability suits was $3,439,035, and the median award was $1,503,339. Not surprisingly, with the exception of medical malpractice claims, product liability awards far exceeded those granted in all other types of cases.


Paramount Exclusive agents have been there, and done that. They understand the kind of extreme havoc an event such as this could wreak on your business. Let them walk you through the benefits of good coverage in plain language. You’ll be glad you did.

Consider This

A “product” is anything that is used, touched or consumed. This insurance is recommended for businesses that manufacture a product, produce food, clothing, toys or anything that could cause harm.

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