One of the key benefits of manufacturers insurance is that it can protect a business against the financial costs associated with product liability claims. Product liability claims can arise when a product is defective or has caused damage or harm to a person or property. In such situations, the manufacturer or distributor may be held liable for the damages caused by the product. This can include costs associated with medical bills, compensation payouts, and legal fees. Without adequate insurance coverage, these costs could spell disaster for a business and its financial stability.