Product Liability

[RabidJay]

While working on a product idea (my first) I have come across the issue of Product Liability, where if my contract manufacturer screws up and the product bursts into flames, my LLC could be sued by the consumer. And, if a lawsuit suceeded then as my LLC's sole Director the company's liabilities could fall to me.

Has anyone dealt with this without spending a fortune on Product Libaility and Directors' Liability insurance?

In particular does anyone know whether a 'hold harmless' clause in the contract with the manufacturer would be sufficient? Is it 'normal' or even podssibe (given the litigous nature of people these days) to get such a clause in a MFG contract?

Any guidance, links etc, greatu appreciated!