Small and medium-sized enterprises are particularly vulnerable to product liability threats. Captive solutions may hold the answer, argues Randy Sadler, CIC Services
In an age of rapid globalisation and heightened consumer awareness, product liability risks loom large, posing significant challenges to businesses.
While massive conglomerates may have the financial reserves to weather substantial legal damages, small and medium-sized enterprises (SMEs) stand perilously close to the edge, often with less cushioning against severe financial storms.
Recognising this vulnerability, it becomes paramount to delve into tailored insurance solutions.