Equipment breakdown covers repair and lost income, which matters during seasonal peaks.
Yes. Retail distribution expands your product exposure considerably. Disclose your channels.
Product liability covers harm caused. Retrieval costs are separate and need to be purchased.
Yes. Product liability responds, and fire claims are the defining severity exposure in this class.
Considerably. Inadequate warnings are a common allegation, and compliant labeling is a primary defense.
Fraud is a crime
If your application contains purposefully misleading, absent, or inaccurate information, you could be charged with fraud. Your insurance carrier could potentially void your policy, or you could face civil or criminal charges or penalties.
Any person who knowingly and with intent to defraud any insurance company or other person, files an application for insurance or statement of claim containing any materially false information or conceals, for the purpose of misleading, information concerning any fact material thereto, commits a fraudulent act, which is a crime.
