Florida Product Liability Insurance

Product liability insurance policies cover all types of product defects, including, but not limited to:

• Design Defects: A defect caused by poor design or engineering. Common examples include faulty brakes or structural issues. For example, a roofing shingle that is designed to be fire-resistant but fails in an actual fire can be classified as a design defect.
• Manufacturing Defects: A defect that occurs during the manufacturing process, such as a loose part or incorrect assembly. This can include defective components, improper labeling, and missing parts.
• Warning Defects: Failing to provide appropriate warnings about potential dangers related to the use of a product. For example, if a toy does not include warnings about its age-appropriateness or potential choking hazards, it can be considered to have a warning defect.

At Bellken Insurance Group, we are committed to providing you with the best coverage for your business at the most competitive rates.

Product liability policies typically include exclusions for a variety of claims, including:

• Intentional Acts: Claims resulting from intentional acts or failure to act are generally not covered. This includes insurance fraud or negligence that leads to injury or death.
• Defects Known by Manufacturer: Claims resulting from defects that are known to the manufacturer but not corrected or disclosed cannot be covered.
• Contractual Liability: If a party has contracted with another party for indemnification, product liability insurance generally does not provide coverage.
• Products Used for Professional Services: Unless specified, many product liability policies typically exclude products used in professional services. Examples of such products include dental appliances, medical devices, and legal software.

Some product liability policies don't cover product recall expenses. Be sure to ask your agent about these additional coverages and any other exclusions in the policy.

Every business is different and has its own unique coverage needs. It is important to understand the risks associated with your business, so you can choose the right coverage for your needs. Here are a few factors to consider when determining how much product liability coverage to purchase:

• The type of products you manufacture or sell: If you are selling a product that has the potential to cause bodily injury, property damage, or financial losses, it is important to purchase enough coverage to protect your business.
• Potential risks associated with the products: Consider any hazards and safety concerns associated with the products you sell. If there is a greater risk of harm from using your product, you may need more coverage.
• Your business’s financial stability: The amount of product liability coverage you buy should be appropriate for your specific business needs and the cost associated with potential claims.
• Your industry or business sector: Certain industries, such as healthcare and manufacturing, are more likely to face product liability claims. If you operate in one of these industries, it is important to purchase higher limits of coverage.
• The potential severity of an injury or damage: The potential for severe injuries or property damage associated with a product will require higher limits of coverage.

Other factors to consider include the size of your business and the types of products you distribute or manufacture.

The cost of product liability insurance depends on several factors, such as the type of industry you are in and the size of your business. Other factors, such as the location of your business and the severity of potential claims should also be taken into consideration.

For example, businesses in the medical device industry or those that sell potentially hazardous products such as electronics, are likely to pay more for their product liability insurance due to the higher risk of injury or property damage associated with these products.

The size and location of your business can also affect the cost of your coverage. Generally, businesses located in areas with a higher risk of liability claims, such as areas prone to natural disasters or those with a high number of product liability lawsuits, will pay higher premiums.



On average, product liability insurance costs $0.25 for every $100 of revenue in low-risk categories. Higher risk categories can cost up to $1.00 for every $100 of revenue. At times, premium prices can be even higher depending on the type of business and products being sold.

Finding the right product liability insurance for your specific business needs and budget can be difficult. At Bellken Insurance Group, we make it easy to get free quotes on Florida product liability insurance from multiple providers in minutes.



We understand that each business is unique, so our experts will work with you to find the best coverage options at the most affordable rates. Contact us today to learn more about liability insurance and get a free quote!