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loumeinhart

question about commercial insurance general vs product?

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We build then sell our product online and wholesale to 10-12 small regional stores. Last week contact was finally made with one of the "bigs". I dug into their vendor complaince guide and our product requires $5 million policy. The guide mentions GLI and PLI together. My understanding of general liability insurance is that your shop/store is covered. So I think they are referencing a Product Liability insurance that obviously would be in place to offer some protection against litigation once our product is in the home? Is this type of insurance "added-on" to a general liability policy? Or are General Liability and Product Liability two completely different animals?

If anyone is interested in pulling my head out of the dirt, [URL "https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0ahUKEwjGu7Dir8HOAhVG3WMKHXPwAckQFggcMAA&url=https%3A%2F%2Fvendorconnect.toysrus.com%2Fvendorextranet%2Fcommon%2Fact_download_pdf.cfm%3Fstr_filename%3DVENDOR%2520GUIDE.doc&usg=AFQjCNHxgJXSMC0gVliGThsCsYmz0PUU4Q&sig2=bpQK1jU21z2ELTlucai4Gw&bvm=bv.129422649,d.eWE"]here[/URL] is the vendor guide link. (I had to rename to .doc). Section 1.7 is insurance requirements.

I'll continue to read, and will post if I figure it out.
Thank you!

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