Running a business that relies on suppliers and manufacturers comes with risks, especially when it comes to product liability. Many business owners assume that their supplier’s insurance will automatically cover any claims arising from defective products or components. Unfortunately, that’s not always the case. When your supplier’s insurance leaves gaps, you could find yourself responsible for costly claims.
In this article, we’ll break down how to identify potential coverage gaps, practical steps to protect your business, and legal considerations that could save you thousands, or even millions, in liability.
What Happens When a Supplier’s Insurance Doesn’t Cover Your Liability?
Many companies rely on their suppliers’ insurance to provide a safety net if a product causes harm or damage. But coverage gaps happen more often than you might think...
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