Business Liability Insurance protects your business if it is sued for negligence that allegedly causes bodily or personal injury to another person or entity. This can be as simple as a slip-and-fall accident at your place of business or as complex as injury from your advertising. Your Business Liability Insurance covers your defense costs as well.
Product Liability Insurance protects your business against financial loss if a defective product allegedly causes injury or bodily harm to a person or entity. Product Liability Insurance is complicated and is often excluded from a standard Business Liability Insurance policy. Depending on the nature of your business, you may need to have a separate Product Liability policy underwritten by product specialists.