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New York Product Liability Insurance From Licensed Agents with The Allen Thomas Group
North Carolina businesses face risk. Big risk. If your product causes injury or property damage, lawsuits follow. Median verdicts now reach $36 million. That’s devastating for any company.
Whether you’re among North Carolina’s 8,170 manufacturers, run a retail store, or sell products online, you need protection.
Product liability insurance shields your assets from manufacturing defects, design flaws, and failure-to-warn claims. It covers the lawsuits that could destroy everything you’ve built.
For over 20 years, The Allen Thomas Group has made business insurance smart and easy. We serve businesses across North Carolina and 20+ states with licensed insurance professionals who understand your risks. No confusing jargon. No pressure tactics. Just personalized guidance that actually makes sense.
Get your free North Carolina product liability insurance quote today. Call (440) 826-3676 or request a quote online in under 2 minutes.
What’s the difference between product liability and general liability insurance?
They’re different. Very different. General liability insurance covers injuries and property damage from your operations—a customer slipping in your store, for example. Product liability insurance specifically protects you when a product you make, sell, or distribute causes harm.
Here’s the good news: Most businesses buy general liability policies that include product liability coverage as part of their overall business insurance program. One insurance policy. Comprehensive protection. If you manufacture or sell products, you need both types working together. We help you bundle product liability insurance with your commercial insurance for complete protection.
Who Needs Product Liability Insurance in North Carolina
You make products. You sell them. You distribute them. You need product liability insurance.
Any North Carolina business involved in the product chain faces legal liability risk. Manufacturers, retailers, distributors, wholesalers, e-commerce sellers—all of them need product liability insurance. Even if you never touch the products you sell, you can still be sued.
North Carolina has 11,496 manufacturing companies, and 90% employ fewer than 100 employees. Small businesses need this protection just as much as large corporations do. Maybe more. As the #1 state for manufacturing according to Site Selection Group, North Carolina’s diverse business landscape makes commercial insurance essential across countless industries.
Who needs this coverage?
- Manufacturers – Food producers, biotech companies, furniture makers, electronics manufacturers. Anyone creating physical products needs product liability coverage to protect against defect claims.
- Retail stores – Brick-and-mortar shops selling everything from clothing to power tools face potential insurance claims if products cause harm.
- E-commerce businesses – Online sellers through websites or platforms like Amazon need business insurance even though they may never physically handle inventory.
- Wholesale distributors – Companies supplying products to other businesses remain in the liability chain and need commercial insurance protection.
- Food and beverage businesses – Restaurants, breweries, food trucks, caterers all face unique product safety risks requiring specialized coverage.
- Technology companies – Electronics sellers, software hardware providers, tech device distributors need product liability insurance for complex, high-risk products.
A customer gets hurt. They sue. It doesn’t matter that you didn’t make the product. North Carolina’s manufacturing sector contributes $108.1 billion to the state economy, spanning booming industries like biotech, electric vehicles, and advanced manufacturing. The bigger the industry grows, the greater the need for protection.
Product liability insurance is essential business insurance for anyone in the supply chain.
What Product Liability Insurance Covers for North Carolina Businesses
Product liability insurance protects you from financial disaster. When a product causes injury or property damage, your insurance policy kicks in. It handles three main types of defects, plus the crushing legal costs that follow.
Manufacturing Defects happen during production. Something goes wrong. The design was fine, but the execution wasn’t. Contaminated food. Improperly assembled furniture. Electronics with faulty wiring. Product liability insurance covers manufacturing defects that create safety hazards.
Design Defects mean the blueprint itself was flawed. The product was dangerous from conception. A chair without adequate weight support. A tool lacking proper safety guards. Your product liability coverage protects against design defect claims when the fundamental concept poses risks.
Failure to Warn involves missing safety information. Inadequate instructions. Unclear labels. When a cleaning product doesn’t warn about harmful fumes or a power tool lacks usage instructions, that’s failure to warn. Product liability insurance addresses these marketing defects.
Your insurance policy covers the expensive defense. Legal defense costs for liability insurers climbed to $15 billion in 2023. Defense costs run especially high in product liability cases. We’re talking attorney fees, court costs, settlements, and judgments up to your policy limits.
Coverage Limits and Insurance Policy Options
Understanding your coverage limits is essential for adequate protection. Most North Carolina businesses select a commercial insurance policy with standard $1 million per-occurrence and $2 million aggregate limits. That means up to $1 million for any single insurance claim. Up to $2 million total during the policy period.
But your risk assessment should guide your decision. Work with experienced insurance brokers to evaluate whether your current policy exclusions leave gaps in protection. Higher-risk industries may need additional coverage limits to protect against larger claims. The claims process becomes more manageable when you have appropriate coverage from the start.
One important note: Product recalls need separate coverage. Your product liability insurance policy covers lawsuits from injured parties. It doesn’t cover the expense of pulling defective products from the market. Understanding these policy exclusions helps you build comprehensive business insurance protection.
What Does New York Product Liability Insurance Cover?
Your policy protects you from the financial consequences of product-related claims. Here’s what product liability insurance typically covers:
Bodily injury and medical costs– When your product causes physical harm requiring medical treatment. This includes emergency care, hospitalization, surgery, and ongoing medical expenses.
Property damage– If a defective product damages someone’s home, vehicle, or other property. Coverage extends to repair costs and loss of use.
Legal defense and court costs- Attorney fees, expert witnesses, and litigation expenses. Even if you win the case, defense costs can reach six figures.
Settlements and judgments– Court-ordered payments or negotiated settlements with injured parties. These amounts often exceed what most businesses can pay out of pocket.
Coverage extends to three main types of product defects. Design defects make an entire product line inherently dangerous. Manufacturing flaws affect specific items due to production errors. Warning label failures occur when products lack proper safety instructions or hazard warnings. Failure to warn claims, defective labeling issues, and breach of warranty allegations all fall under standard coverage.
Understanding North Carolina Product Liability Insurance Requirements and Laws
North Carolina is different. Unique. Unlike most states that follow strict liability rules, North Carolina requires plaintiffs to prove negligence under North Carolina General Statute Chapter 99B.
What does that mean for your business insurance needs? In strict liability states, proving the product was defective is enough. In North Carolina, plaintiffs must also prove you were negligent. They need to show you failed in design, manufacturing, or marketing. That’s a higher bar.
This creates both protection and responsibility for businesses. You have an extra defense layer. But you also need strong documentation of your safety practices and quality control measures. Evidence matters here. Smart risk management strategies become critical under North Carolina insurance regulations.
North Carolina Insurance Regulations and Consumer Protection Laws
North Carolina insurance regulations under Chapter 99B set the state apart from strict liability jurisdictions. These consumer protection laws require businesses to demonstrate reasonable safety practices and maintain product safety standards.
Understanding these North Carolina insurance regulations helps you select appropriate coverage limits and ensure your insurance policy meets legal requirements. The three-year statute of limitations and 12-year statute of repose create specific risk management considerations for manufacturers and sellers in the state.
North Carolina law gives injured parties three years from the injury date to file insurance claims. There’s also a 12-year statute of repose from the initial purchase. The three main claim types—manufacturing defects, design defects, and failure to warn—all require proof of negligence. Proof that you didn’t meet reasonable product safety standards.
This negligence-based system makes product liability insurance crucial. You need coverage for settlements if you’re found liable. More importantly, you need coverage for the massive legal defense costs of defending claims and proving your business acted responsibly.
The Allen Thomas Group understands North Carolina’s specific legal landscape. We help businesses get commercial insurance coverage that addresses these unique requirements.
How Much Does Product Liability Insurance Cost in North Carolina?
Product liability insurance premiums are more affordable than most businesses expect. Much less. Small businesses pay an average of $42 per month—that’s $500 annually—for general liability insurance that includes product liability coverage. Even better? 29% pay less than $30 per month, and 41% pay between $30-60 monthly.
Several factors affect your insurance premiums:
- Type of products you sell – Higher-risk items like power tools or medical devices cost more than clothing or office supplies
- Your business size and revenue – Larger companies with higher sales pay more due to increased exposure to insurance claims
- Claims history – Past product liability claims raise your insurance premiums through underwriting adjustments
- Coverage limits – Higher protection increases costs, though 91% of businesses choose standard $1 million per-occurrence and $2 million aggregate limits
- Your industry – Some sectors naturally face higher risks and higher costs in the insurance underwriting process
Insurance Premiums and Risk Management Strategies
Your insurance premiums reflect your risk profile. Smart risk management strategies can help reduce business insurance costs over time.
This includes implementing product safety standards throughout your operations. Maintaining detailed quality control documentation. Having clear consumer protection policies. The claims process also becomes smoother when you have proper risk assessment procedures in place.
Business insurance costs are an investment in protecting your North Carolina operation from devastating legal liability. Industry estimates range from $42 to $99 per month on average. Think about that. When 95% of personal injury lawsuits settle before trial and settlements reach millions of dollars, monthly insurance premiums are a small investment. A tiny price for protecting everything you’ve built.
We work hard to get you the best product liability coverage at the best price. We compare commercial insurance options from multiple carriers. We find protection that fits your specific products, your industry, your budget.
Ready to get your personalized quote? Call (440) 826-3676 or request a quote online.
Why North Carolina Businesses Choose The Allen Thomas Group for Product Liability Insurance
We’ve been doing this for over 20 years. Helping businesses. Simplifying business insurance. Making commercial insurance actually make sense.
We’re different from impersonal online platforms. They push automated quotes. We provide understanding. We’re independent insurance brokers who compare options from 15+ top-rated carriers to find your best product liability insurance solution.
What sets us apart:
- Smart & Easy approach – We cut through jargon and simplify complex concepts so you understand exactly what you’re buying and why your insurance policy protects you
- Personalized service – You work with real insurance professionals who learn your products, your industry, your specific risks—not algorithms or chatbots
- North Carolina expertise – We understand NC’s unique negligence-based system and how North Carolina insurance regulations affect your coverage needs
- National reach, local touch – Based in Akron, Ohio, serving 20+ states, we combine multi-state capabilities with personalized attention
- No-pressure consultation – We build relationships, not pressure sales, and we believe in educating you about your business insurance options first
- Fast response – Quick quotes and real answers without the runaround. Most product liability insurance policies bind within 24-48 hours.
Food manufacturer? Biotech startup? Retail store owner? E-commerce seller? We’ll find product liability coverage that protects what matters most. Your business. Your assets. Your peace of mind.
We guide you through the entire claims process if issues arise. We help you understand policy exclusions before you buy. We conduct thorough risk assessment to identify gaps in your commercial insurance program.
Ready to protect your North Carolina business?
Call (440) 826-3676 today for a free, no-obligation consultation. Or request your personalized product liability insurance quote online.
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Protect Your North Carolina Business with Product Liability Insurance Today
Product liability claims threaten everything. Your assets. Your reputation. Your future. But the right product liability insurance provides affordable protection and peace of mind.
North Carolina’s 8,170 manufacturers and countless retailers face growing legal liability risks. Don’t wait for a lawsuit. Don’t wait for disaster. North Carolina businesses can get covered in as little as 24-48 hours—often before you even ship your next product order.
The Allen Thomas Group has 20+ years of experience making business insurance smart and easy for companies like yours. We understand North Carolina insurance regulations. We know the claims process. We compare commercial insurance options from multiple carriers to find your best coverage.
Get your free consultation today.
Call (440) 826-3676 now. Or request your personalized product liability insurance quote online.
These are the most common questions we hear from businesses about product liability insurance.
Do I really need product liability insurance if I'm a North Carolina small business?
Yes. Absolutely yes. 90% of NC’s manufacturing companies have fewer than 100 employees, and small businesses face the same lawsuit risks as giants. Median product liability verdicts reach $36 million. 95% of cases settle before trial through the claims process. Even a settlement can destroy an uninsured small business.
Product liability insurance averages just $42-99 per month in insurance premiums. That’s far less than defending a single insurance claim. Far less than losing everything. Your business insurance investment protects years of hard work.
Does product liability insurance cover product recalls?
No. Standard product liability insurance doesn’t cover recall costs. Your insurance policy protects you from lawsuits by injured parties. Legal defense. Settlements. Judgments. But recalling products? That’s separate.
Product recall coverage is a different commercial insurance policy or endorsement. It covers notifying customers, retrieving products, and lost revenue during recalls. Understanding these policy exclusions helps you build comprehensive coverage. We can help you figure out if you need both types of business insurance protection.
Call (440) 826-3676 today to discuss your complete risk management strategy.
How quickly can I get product liability coverage for my North Carolina business?
Fast. Most businesses get product liability insurance coverage within 24-48 hours.
We start with a quick consultation. We learn about your products, your industry, your risks through our risk assessment process. Then we compare commercial insurance options from multiple carriers to find the best coverage at the best insurance premiums. Once you choose an insurance policy, coverage begins immediately. You’ll receive your certificate of insurance right away.
The claims process, underwriting, and policy issuance all happen quickly when you work with experienced insurance brokers who understand North Carolina insurance regulations.
Call (440) 826-3676 today for a free, no-obligation quote. Our North Carolina product liability insurance specialists typically provide quotes within 24 hours. The process is faster and easier than you think.
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