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We only work with the leading manufacturers that have all the quality assurance procedures in place. But if guaranteed peace-of-mind is what you seek, Product Liability Insurance just might be what you need!
Product liability insurance protects businesses from accidental client injuries or damages claims and covers legal fees and settlements in product liability lawsuits, safeguarding your product or service from failing.
More than half of all creators in the US produce 2-4 different kinds of content on multiple platforms. They can reach millions of audiences, but technology risks such as cloud outages and data breaches can occur. Compliance with media regulations is also a challenge.
Content creator insurance protects against business interruption, personal injury, and regulatory non-compliance issues."
We offer a full suite of insurance coverages to cater to any size brand, including
Founder Shield is a tech-enabled, boutique insurance broker focused on insurance solutions for emerging industries and niche insurance products.
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Yes. We vet our suppliers and they offer quality products. We also check if the products are GMP certified and list the information on product pages. The supplement label templates we use are made in accordance with the FDA supplement labeling requirements.
While product liability insurance isn't a legal requirement, it is recommended for any business producing, supplying, or selling products. Despite best-in-class quality assurance processes, there might be situations out of control that can lead to an unsatisfied customer. So it is crucial to weigh in on your risks and how to prevent them from happening to your business.
The cost of product liability insurance will depend on several things, including the company’s size and the company’s stage of development. Other factors include:
Exposures: risks being insured.
Company practices: views on safety, compliance, and risk management.
Program structure: the amount of deductible and willingness for a company to assume more risk.
Claims history: the type and amount of past claims against the company.
- Employee injuries sustained while manufacturing the product
- Recall expenses
- Product damages
- Lost inventory costs
Founder Shield works with companies outside the US and have many partners globally that allows them to place coverage for companies abroad.
Make sure your address is correct and for the state of incorporation field you can put any state to get the process started.Founder Shield application does require a US address, however, you can bypass this by using the following as your address and they can make adjustments after your application is submitted:
114 E 25th St, 4th floor
New York, NY 10010
