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Glossary term

Product liability

Legal responsibility for injury or damage caused by a product you designed, made, sold or distributed. In insurance it is answered mainly by the products and completed operations part of general liability.

Why it matters for your company

Claims come from three directions: a design defect, a manufacturing defect, or a failure to warn. Every company in the chain can be named, so the component supplier, the contract manufacturer, the integrator and the company whose name is on the unit all meet in the same suit.

Early hardware companies hit two problems. Some policies exclude prototypes or products not yet sold commercially, which leaves demo units and pilot hardware in an awkward place (specialty broker's deep tech page, accessed 2026-09-12). And customer contracts ask for indemnity for product claims, which the policy covers only as far as its contractual liability wording reaches.

Related terms

Sources

  1. 01A specialty broker's deep tech insurance page, on pre-commercial product exclusions and ITAR, EAR and government-use exclusions, accessed 2026-09-12

This page describes coverage in general terms. It is not an offer of insurance, and carrier appetite, policy wording, licensing, and availability govern every quote and every claim.