What type of liability insurance should Steve, who sells toxic cleaning fluids, obtain to cover customer injuries?

What type of liability insurance should Steve, who sells toxic cleaning fluids, obtain to cover customer injuries?

• A. Personal liability
• B. Products liability
• C. Public liability
• D. Professional indemnity

Answer: (B)

Obtaining products liability insurance is essential for Steve as it specifically protects businesses against claims stemming from injuries or damages that occur as a result of using their products. In this case, selling toxic cleaning fluids poses a risk that customers could be harmed if they misuse the product or if the product is found to have defects. Products liability insurance covers the legal and medical costs associated with these claims, including compensation for injuries sustained by customers due to the product's toxicity. This type of insurance is particularly relevant because it directly addresses the nature of the risk associated with the sale of harmful cleaning chemicals. It not only provides financial protection but also demonstrates due diligence in ensuring that customers' safety is prioritized when marketing potentially hazardous items. By having this coverage, Steve can operate his business with reduced financial exposure to customer injury claims related to his products.

Obtaining products liability insurance is essential for Steve as it specifically protects businesses against claims stemming from injuries or damages that occur as a result of using their products. In this case, selling toxic cleaning fluids poses a risk that customers could be harmed if they misuse the product or if the product is found to have defects. Products liability insurance covers the legal and medical costs associated with these claims, including compensation for injuries sustained by customers due to the product's toxicity.

This type of insurance is particularly relevant because it directly addresses the nature of the risk associated with the sale of harmful cleaning chemicals. It not only provides financial protection but also demonstrates due diligence in ensuring that customers' safety is prioritized when marketing potentially hazardous items. By having this coverage, Steve can operate his business with reduced financial exposure to customer injury claims related to his products.