Firearms Insurance Agent Blog

An Overview of Product Liability Insurance For Firearm Related Businesses

If you own a business that manufactures products sold to consumers, you might think that the onus is on those consumers to use your products responsibly and at their discretion. However, the truth is that if you produce a product that is defective or later considered to be unsafe in any way, you could be faced with a lawsuit and that lawsuit could end up costing you thousands, if not millions, of dollars. It’s why it’s important for companies, especially those companies in the firearms industry, to protect themselves with product liability insurance.

Product liability insurance will protect you in the event of a consumer bringing a lawsuit up against your company. Consumers have the right to sue a business that designed, manufactured, sold, or furnished a product considered to be unsafe. But the lawsuits that are often brought up can be tricky to defend and can put manufacturers at a real disadvantage. So product liability insurance protects businesses when consumers claim negligence, breach of warranty, defects, and unavoidable dangers. As you might imagine, firearms manufacturers, gun shops, gun ranges, ammunition makers, and others involved in the firearms industry are particularly susceptible to these kinds of lawsuits, which makes product liability insurance very valuable to them.

You shouldn’t leave anything to chance when it comes to your firearms business. Whether you are a small gun shop owner or the CEO at a major firearms manufacturer, you should invest in product liability insurance and make sure your business will survive potential lawsuits in the future. Associated Services in Insurance would be more than happy to speak with you about your insurance options and tell you more about how product liability insurance works. We will also offer you excellent insurance rates and work with you every step of the way to make sure you feel protected with your new insurance plan.

Call us at 816-229-4450 today to discover why so many companies in the firearms industry have come to us for insurance coverage.