One of the benefits of Indie Business Network membership is affordable product liability insurance. Our insurance is priced separately from membership. Once you join IBN, you will receive a link via email to purchase your insurance. To learn more, please browse our Frequently Asked Questions below. If you don’t see your answer here, contact us!
Indie Business Network’s Product Liability Insurance Program
Find answers to your questions about Indie Business Network’s product liability insurance program …
How do I know if my company qualifies for product liability insurance coverage?
What types of products are covered by the product liability insurance?
How do I know if my product is “handmade” for purposes of the insurance?
What does the product liability insurance coverage cover?
The policy is Commercial General and Product Liability policy. The base limits are:
$1,000,000 General Aggregate Limit
$1,000,000 Products-Completed Operations Aggregate Limit
$1,000,000 Personal and Advertising Injury Limit
$1,000,000 Each Occurrence Limit
$300,000 Damage to Rented Premises Limit
$5,000 Medical Expense Limit
Business Personal Property coverage covers “miscellaneous property of a floating nature.” This means it covers the type of property you use in your business that is “tangible property you own or is in your care, custody or control.” Example of this type of property are inventory, packaging, and equipment you use in the course of conducting your business. The limits are:
$1,000 Maximum Payout Per Single Item
Identity Theft coverage limits are as follows:
$15,000 Aggregate Limit
Who is the Insurance Carrier?
Who is the Insurance Broker?
How much does the insurance cost?
When does the insurance coverage expire?
How do I increase coverage from $1,000,000 to $2,000,000?
Can I pay for my insurance in installments?
Is the insurance premium refundable?
If I sell my business, is the policy transferable to the new owner?
Does obtaining this insurance change my Indie Business Network membership dues, or any of my other Indie Business Network member benefits?
Is there minimum annual revenue requirement with this insurance?
Is there a maximum annual revenue cap with this insurance?
How do I purchase product liability insurance through this program?
When will my insurance become effective?
Do I qualify for the insurance if my business is located in a country other than the United States?
Are cosmetic products made for pets e.g. dog or cat soap or shampoo covered?
How will I receive my certificate of insurance?
What if I want to include Additional Insureds?
Can I join Indie Business Network and not get the insurance?
What if I just want the insurance? Do I still have to join Indie Business Network?
What if I am already an Indie Business Network member and now wish to add the insurance?
Is product liability insurance included with my Indie Business Network membership?
Click here to join Indie Business Network and starting enjoying all of our benefits, including product liability insurance, today!