Product liability is the charge against the product that is owned by the wholesaler or manufacturer or retailer before selling them to their ultimate customer. The product is the goods that is consumed by the customer and sell by the retailer. The product quality and its type matter to define its liability. There are many different types of insurance attached towards the product. The ownership attached to product also matters a lot while having a glance at the product liability. The countries have different type of laws about the same concern. The laws within a country varies from state to state. The awareness about the liability attached to the product matters a lot. The type of organization producing, transporting and delivering the product defines the type of product insurance.