Product Liability Insurance South Carolina

South Carolina businesses deserve a partner who understands local product risks and regulations.
• Deep understanding of South Carolina's product liability landscape
• Expert knowledge of state-specific manufacturing regulations
• Customized coverage for unique Palmetto State industry risks
We go beyond standard product liability policies, offering enhanced risk management services tailored to South Carolina businesses. Our coverage includes proactive recall support, supply chain risk assessments, and specialized endorsements for local industry needs, providing comprehensive protection for your Palmetto State enterprise.
• Automotive Parts Manufacturers: Crucial for suppliers to BMW, Volvo, and Mercedes-Benz plants, protecting against defect claims and recall expenses.
• Textile Producers: Essential for South Carolina's textile industry, covering risks from fabric defects to clothing safety issues.
• Food and Beverage Manufacturers: Vital for the state's growing food industry, protecting against contamination and labeling error claims.
• Aerospace Component Makers: Critical for suppliers to Boeing and other aerospace firms, safeguarding against high-stakes product failure claims.

Let our local experts analyze your current coverage and identify potential gaps or savings for your business.
Comprehensive protection for South Carolina manufacturers and retailers, addressing local industry risks and regulatory requirements.

Product liability insurance in South Carolina averages $1,500 annually for small manufacturers. However, your specific premium depends on several factors:
Robust quality control and safety measures can lower premiums for SC manufacturers, particularly in high-risk industries like automotive or aerospace.
Frequently Asked Questions
Quick answers to questions you may have. Can’t find what you’re looking for? Contact us here.
Product Liability Insurance in South Carolina covers legal fees and damages if your product causes injury or property damage. It's crucial for manufacturers, distributors, and retailers in the state. This coverage protects against claims related to design defects, manufacturing flaws, or inadequate warnings. In South Carolina's diverse manufacturing landscape, from textiles to automotive, this insurance is vital for businesses of all sizes.
While not legally required in South Carolina, Product Liability Insurance is highly recommended. Many retailers and distributors in the state won't work with suppliers lacking this coverage. South Carolina's strong manufacturing sector, including major players like Boeing and BMW, often requires this insurance from their suppliers. Additionally, the state's consumer protection laws make this coverage essential for mitigating financial risks.
Product Liability Insurance costs in South Carolina vary based on factors like product type, sales volume, and claims history. On average, small businesses might pay $500-$1,500 annually, while larger manufacturers could pay tens of thousands. High-risk products, such as medical devices or auto parts common in South Carolina's manufacturing hubs, typically incur higher premiums. Coastal businesses may also see rate variations due to environmental factors.
Standard Product Liability Insurance in South Carolina typically doesn't cover recall expenses. However, you can add Product Recall coverage as an endorsement. This is particularly important for South Carolina's food manufacturers and automotive suppliers. It covers costs associated with removing products from the market, including notification expenses, shipping, and disposal. Given South Carolina's significant food processing industry, this additional coverage is often crucial.
South Carolina follows a 'modified comparative negligence' rule in product liability cases. This means if a plaintiff is found more than 50% at fault, they cannot recover damages. The state has a three-year statute of limitations for product liability claims. South Carolina law also recognizes the 'sophisticated user' defense, which can protect manufacturers in certain cases. These legal nuances make robust Product Liability Insurance essential for businesses operating in the state.
Yes, online businesses based in South Carolina should strongly consider Product Liability Insurance. E-commerce is growing rapidly in the state, and online sellers face the same risks as brick-and-mortar stores. This insurance protects against claims from customers nationwide, which is crucial as South Carolina businesses expand their online presence. It's particularly important for businesses selling handmade or locally sourced products, a growing trend in South Carolina's digital marketplace.
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For over a decade, TWFG Khan Insurance Services has been the trusted partner for businesses across Texas and neighboring states. We specialize in complex insurance solutions for maritime, oil & gas, and construction industries where standard coverage isn't enough.
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