Products-Completed Operations

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Products-Completed Operations Products-completed operations is a form of insurance coverage that protects you from customer lawsuits alleging property damage or injury due to your product or completed service. Products-completed operations refers to your protection against product or services liability claims under a general liability insurance policy. The coverage is also part of a business owner’s policy. Lawsuits related to property damage and bodily injuries are common for small businesses. If a product or service at your business injures a person or property, you could face a lawsuit. General liability insurance covers such losses under the "products-completed operations" section of your policy. What Are The Benefits Of Products-Completed Operations Coverage? Products-completed operations coverage delivers many essential benefits, including: *Protecting company assets in the event a customer sues you to recover the costs of property damage or bodily injury *Preventing business failures or bankruptcy when your assets are insufficient to cover a legal judgment *Providing evidence of financial strength to help close business deals *Satisfying banker expectations to fulfill your obligations to them *Providing peace of mind to customers that you will make them whole in the event your product or service hurts them or damages their property. #BeNewinsurance #InsurTech #inclusiveinsurance #insurance #reinsurance #takaful #climatechange

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