Downstream requires all of its suppliers to have adequate insurance coverage to protect both the supplier and Downstream in the event of a loss or damage. In this article, we'll provide you with information about the insurance requirements that Downstream recommends.
​

General Liability Insurance

Downstream recommends that all suppliers have general liability insurance, which provides coverage for third-party claims of bodily injury and property damage arising from the supplier's operations. This insurance is designed to protect suppliers and Downstream from the financial consequences of a covered loss, such as the cost of legal defense and damages awarded to the third party.
​

Product Liability Insurance

For suppliers who sell physical products, Downstream recommends obtaining product liability insurance. This insurance provides coverage for third-party claims of injury or damage resulting from a defect in the supplier's products. Product liability insurance can help protect suppliers and Downstream from the financial consequences of a product recall or other product-related loss.

Workers' Compensation Insurance

For suppliers with employees, Downstream recommends obtaining workers' compensation insurance, which provides coverage for employees who are injured or become ill as a result of their work. Workers' compensation insurance can help protect suppliers and Downstream from the financial consequences of a workplace injury or illness, including the cost of medical treatment and lost wages.

Conclusion

We hope this article has provided you with valuable information about the insurance requirements recommended by Downstream. If you have any further questions or need assistance, please don't hesitate to reach out to our support team. We're here to help you ensure that you have the right insurance coverage in place to protect both you and Downstream.