Buy Product Liability Insurance May 2026

Importers often assume foreign manufacturers are responsible for defects. However, under U.S. law, importers are treated as the manufacturer . Since U.S. courts rarely have jurisdiction over foreign companies (like those in China), the importer's insurance becomes the primary defense against claims like malfunctioning car parts or medical emergencies from supplements.

Buying product liability insurance is often a "long story" because it moves from a simple checkbox for business owners to a high-stakes legal shield that can determine whether a company survives a single mistake. The "Why": When Reality Hits buy product liability insurance

Lawsuits can reach astronomical figures. Philip Morris was once ordered to pay $28 billion (later reduced to $28 million), and General Motors paid $150 million to settle a class-action lawsuit. How to Buy: The Process Product Liability Insurance Since U