“Defense outside the limits” is a term used in insurance that refers to the coverage provided by the insurer for expenses incurred by the insured in defending against a claim, even if the claim is ultimately found to be outside the scope of the policy. While “defense outside the limits” coverage is not required by law, it is often included in business liability policies as an added layer of protection for the insured.
There are hundreds of thousand of small, medium and large manufacturing facilities operating in the United States today, and each one of them faces unique risks and challenges due to the complex process of making stuff. Business Owners Insurance Can Help Protect Against Common Problems 1) Equipment Failure Due to the nature of manufacturing, the risk posed by equipment breakdown can be grave. Because of the high pressures that can build up throughout the fermentation process, storage tanks and vats can break down or even explode if not properly maintained. Small-scale facilities will rarely have backup equipment at the ready in the… Read More »Insurance for Manufacturers – 4 Common Claims
At this time, with the COVID-19, while people are encouraged to exercise social distancing, more and more people shop online, and more sellers go online to sell their products, from masks and sanitizers to pretty much everything else you can imagine. To protect your business and operations, Product Liability Insurance is a MUST HAVE essential coverage. With this post on our blog, we are beginning a series of videos about product liability insurance. Watch the first video about the cancellation of product liability insurance. [divider_line] [button link=”https://www.paperless-insurance.com/line-of-business/product-liability-insurance/product-liability-insurance-quote/” linkTarget=”_self”]Request Product Liability Insurance Quote[/button] At Paperless Insurance Services, Inc we’ve been offering… Read More »Can I cancel my product liability insurance at any time?
In this 1 min 54 sec video licensed USA – California attorney and insurance agent Diana Motseniat will will review the how product liability insurance claims are handled. Get started with your product liability insurance here. [tvideo type=”youtube” clip_id=”dG2AlZMx8uE”]
In this 2 min 15 sec video licensed USA – California attorney and insurance agent Diana Motseniat will discuss the cost of product liability insurance coverage. Get started with your product liability insurance here. [tvideo type=”youtube” clip_id=”0w4mRMy1zSU”]
In this 2 min 15 sec video a licensed attorney and insurance broker Diana Motseniat will provide an overview of the available customization options of product liability insurance policy. Get started with your product liability insurance here. [tvideo type=”youtube” clip_id=”wFPtJCFyMzA”]
In December of 2016, a furniture chain agreed to pay $50 million to settle a lawsuit after its dressers tipped and fatally injured small children. All product manufacturers, designers, and retailers are exposed to a multitude of risks that can end in litigation. With manufacturing and retail contributing $3.8 trillion to the U.S. economy, there is a vast need for protection in these industries. However, some products are too hazardous to be included in a standard CGL policy as they have an obvious potential for costly and widespread lawsuits. New products can also be excluded as they lack a track… Read More »Products Liability Coverage from Paperless Insurance
[highlight type=”light”]The following is a theoretical scenario.[/highlight]
USA Sugar is a processor of sugar. They bring refined sugar into their production plant, where it is transformed into a liquid form and sent to USA Sugar’s customers, who use the liquefied sugar in various food manufacturing applications.
On May 15, 2015 the FDA contacts USA Sugar and notifies them that salmonella was found in beverage products manufactured by two separate companies. Both strains of salmonella have been traced back to USA Sugar’s liquid sugar product. After a series of tests, it is determined that the liquid sugar was in fact the source of the salmonella. It was also determined that the salmonella contamination occurred in the insured’s facility between March 3 and March 17, which was a period of roughly two weeks. On March 17, all production lines were broken down and a thorough cleaning was performed. The products manufactured after the March 17 cleaning appear to be free of salmonella.
As a result of the findings, USA Sugar decides to perform a voluntary recall of all products manufactured between March 3 and March 17. In addition to USA Sugar’s recall, all products containing USA Sugar’s contaminated liquid sugar will need to be recalled. The FDA classifies all related recalls as Class I, meaning consumption could result in serious health problems or death.Read More »Ingredient Manufacturers and Their Product Recall Risk
Kids love playgrounds! They want to play and run around. Parents adore seeing their kids burn off that extra energy. The use of modern materials and custom computer design resulted in safer playgrounds. Yet a child or a parent can be injured. A commercial business insurance is a must have for any manufacturer, contractor or owner of a playground and equipment. General Liability Insurance for Playgrounds The three main types of protection that come with general liability are: Premises Liability Covers you for costs of incidents that occur on your playground. Product Liability / Completed Operations The products liability part… Read More »Playgrounds Business Insurance
This article was originally published by AmWINS Group, Inc. It was edited and rewritten to simplify the content. To read the original article please click here.
When risk management department is assigned to focus on the major project, including construction, with particular attention to the insurance requirements to be imposed on the general contractor and any subcontractors, it’s very important not to make the insurance requirements so onerous that contractors are discouraged from bidding on the project.For those of us, who has not been involved in such projects before, let’s review insurance requirements from different projects and how those may affect our company (let’s call it ABC company – the one who impose insurance requirements).