Insurances are important to protect us from any damages or losses. There are many types of insurances which we can purchase from many insurance companies. One is an auto insurance which aids you from financial loss due to accidents. Another would be home insurances which can help us especially when disasters occur and might bring damages in the structure of our own homes. We can also avail health insurances which can help us with regards to hospital or medical treatment costs. Life insurances on the other hand can be of assistance to the bereaved family in funeral and burial expenses. These are just few of the common insurances that most of us avail for they help us in our lifetime. But for small and large scale businesses, product liability insurance is a must.The commercial owners, no matter how small or large the business might be, must have full responsibility on the effects or risks of the product they supply to the consumers. Not only are the manufacturers and retailers of the products have this legal responsibility but also anyone who imports or transports a certain product which has a malfunction or fail when in the hands of the consumers.Liability insurance is a protection from any legal claims against the one insured. It provides a legal defense in situations where court proceedings happen and or payments for any arrangements concluded by the court. Such insurance can cover the costs for medical treatments or property damages on the part of the consumers. Product liability insurance helps business owners or manufacturers from any complaints and claims by the consumers.Consumers can be harmed or may experience damages and losses from the product purchased. Defects and mistakes may come unnoticed by the manufacturers. Such flaws can place the consumers at risk. Negligence can be claimed by consumers to anybody involved in the production of goods which has caused personal injury or damage to his property.Claims from any of the risks which has affected the health and safety of the consumer can place the business owners at a financial loss when not protected by product liability insurance. Consumer complaints can totally close the business establishment or can disable the market of goods ending up in a financial disaster for the producers concerned. It can ruin a developing business. Such a wreck can affect the operation of the whole business.To prevent any business misfortunes, it is a good idea to seek the assistance from legal advisers as to what insurances to purchase. Lawyers will surely know the type of liability insurance needed to protect the business from consumer grievances. Through this, one will be able to know and choose the right insurance company that will be a good partner in the defense of any legal claims.Insurances may cost much but it will give great assistance in unpredictable situations in the future. It is a good defensive strategy from any customer complaints and thus maintains a good reputation in the business world.