Products and Completed Operations may refer to two different types of insurance coverage. Products coverage, or products-completed operations coverage, is a form of commercial liability insurance that protects a business from liability resulting from products they have manufactured, sold, or provided to others. This type of coverage is often included in a business’s general liability insurance policy.
Products and Completed Operations in More Detail
Completed operations coverage is a form of commercial liability insurance that provides protection for a business from liability resulting from any work that has been completed. This type of coverage is typically purchased after the completion of a contract or project as a way to protect the business from any additional liabilities arising from the work that has been completed.
The difference between products and completed operations coverage is that products coverage protects a business from liability arising from products they have manufactured or sold, and completed operations coverage protects a business from liability resulting from any work that has been completed. Both types of coverage are important for businesses to have in order to protect their financial interests and ensure their long-term success.
