It covers legal defense costs if a product harms a customer, including adverse effects, contamination, and damaged property.
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Costs vary based on business type, location, coverage amount, claims history, and business size. Expect to pay between $1,000 and $3,000 annually for basic coverage.
Yes, but you will need to ensure compliance with each state’s regulations. An experienced broker can help you navigate multi-state operations.
Work with an experienced insurance broker to assess your risks and determine the necessary coverage for your operations.