Of course you'd want to have business product liability insurance.
Which will be insanely expensive.
Really?
I have $20M product liability coverage + $20M Public Liability for AU$1280 a year. And this includes covering all my onsite location filming etc.
It was under $1k a year when I only had one lab and just me as the employee.
That seems quite cheap for product reliability; I'd be interested in the terms of it. Can those be found online somewhere? I know it will be tailored to Australian law so it is useless to me but nevertheless I'm curious.
I've been looking for product liability coverage myself but either insurance companies would hang up on me saying they don't insure industrial products OR I got a quotation for an insurance policy which excluded the risks I wanted to insure. In the end I just limited the risk for me in my terms & conditions.
Some pertinent details in the attached, but it doesn't specifically state the kind of stuff that is covered, it's more general.
https://www.vero.com.au/content/dam/suncorp/insurance/vero/documents/policy-documents/vero-business-insurance-pds.pdfI just told my insurance guy "I want cover that takes care of product liability in terms of it causing harm to person or property or business etc" and he assured me that it does. And I trust him, he's a friend of mine.
If you want something specific added to a policy then I'd guess that's going to cost you.
I found that when contacted direct most companies wouldn't touch me, or they'd give some absurd quote, as they had no idea what I was doing and didn't want the hassle. This is what insurance brokers are for.