Is this a good idea? Instead of create a class with two method (insert and update) and two validation methods (validateInsert and validateUpdate), create three classes: one called ProductDB, another ProductInsert (with methods Insert and Validate) and another ProductUpdate (with same methods of ProductInsert).
Is this more readable, flexible and testable?
PaulG’s answer leans more towards the traditional domain object pattern, which I’m not in favor of. Personally, my preference is to have a separate class for each process (like your ProductInsert and ProductUpdate). This is akin to what one sees in the simple bank example where Deposit is a instance of a class as opposed to a method on a BankAccount class. When you start thinking about business processes that have more stuff, like rules and actions to be taken and auditing/persistence of the action itself (say a ProductInsert table to track insertions), the more you realize the business process should be a first class citizen in its own right.