Insurance for Imported Products Businesses

General Liability Insurance Includes:

• Premises Liability – Premises liability coverage helps protect you if an accident happens to your customers at your business location. If, for example, a customer’s vehicle sustains damages from a runaway cart in your parking lot, your premises liability insurance can pay for the repairs. If a customer gets physically injured in your store, their medical bills are covered with this as well.
• Products Liability – When you sell products to your customers, you run the risk of being sued when a product is found to be harmful. This risk may be bigger for an imported products company because the countries you purchase your inventory from may not have the same strict regulations that the United States does. If a customer sues you because of damages or harm that was caused by products you sold, your products liability insurance can pay for the medical expenses or property repairs.
• Completed Operations – Completed operations insurance acts much like product liability does. This portion of your general liability applies to services you render for your customers. If, after you have completed the requested operations, your customer claims that your work caused them harm or damages in some way, this part of your insurance policy can pay the customer’s bills.

Business Owners Policy

General liability is included in a business owners policy. A BOP can be tailored to meet just the specific needs of your imported products company, and it provides insurance protection for tangible and intangible assets.

• Buildings and Contents
• Business Income and Extra Expense
• Electronic Data
• Newly Acquired or Constructed Buildings
• Employee Dishonesty Coverage