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According to one insurance industry group, the average jury award in products liability suits in 2012 was $3,439,035, and the median award was $1,503,339.2 With the exception of medical malpractice claims, product liability awards far surpassed those granted in all other types of cases.

General liability insurance cost In 2017, small business owners countrywide who purchased a new policy through the Progressive Advantage® Business Program paid an average of $52 per month for general liability insurance.

Products liability insurance in Australia. Our friendly team of commercial insurance brokers may be able to help you find affordable products liability insurance quotes on cover that is suitable for your business activities.. If you are a sole trader, self-employed contractor or small business owner in Australia looking for products liability insurance cover you may have come to the SMART place.

Enhance a basic policy with additional commercial liability insurance options that meet the specific needs of your business. Hired and non-owned auto liability Provides auto liability coverage for short-term auto rental or for employees using their personal car for business.

Veracity Insurance Solutions has successfully placed insurance for over 3,000 clients nationwide in the beauty and cosmetic industries. Our exclusive in-house underwriting program makes Veracity the obvious choice for your beauty product liability insurance needs.

In the past, government entities have often paid small amounts to. not the only entities exposedo product-liability lawsuits. In California and many other states, a consumer injured by a defective.

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The limits on Product Liability Insurance can vary but often are a part of the limits on a General Liability policy. The most common range from $500,000 – $5,000,000. The exact amount will depend on whether you decide to get basic coverage or opt for advanced coverage.

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Product liability insurance is a close cousin of public liability insurance, which covers damages not caused by products. In fact, many policies combine the two into one, simply called "liability.

What Is the Cost of General Liability Insurance for a Small Business? The median cost of general liability insurance (aka commercial General Liability or CGL) ranges from $425 to $921, and the annual average cost ranges from $483 to $2,758.