Product Liability Insurance

Can I cancel my product liability insurance at any time?

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… Read More »Can I cancel my product liability insurance at any time?

How product liability claims are handled

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”]

Customizing Product Liability Insurance Policy

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”]

Products Liability Coverage from Paperless Insurance

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… Read More »Products Liability Coverage from Paperless Insurance

Ingredient Manufacturers and Their Product Recall Risk

[highlight type=”light”]The following is a theoretical scenario.[/highlight]

Ingredient Manufacturers and Their Product Recall RiskUSA 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

Contractor Insurance Requirements – A Primer

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.

primerWhen 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).
Outdated Insurance Terminology
What may strike us about the old insurance requirements is the insurance terminology used. There is reference to “comprehensive general liability insurance” including endorsements listed as “broad form property damage,” “broad form blanket contractual liability,” “cross liability,” “XCU” and “additional named insured.” The limits are also listed as split limits – one applicable to bodily injury, and another lesser limit applicable to property damage.Similarly, the auto insurance requirement refers to “comprehensive auto liability” and workers’ compensation insurance includes the “broad form all states endorsement.” Further, all of the requirements are to be evidenced by a certificate of insurance that provides certificate holder a 30 days advance notice of cancellation. It becomes readily apparent that these requirements are so outdated as to be virtually useless – the coverage, endorsements and limits listed are obsolete and are no longer available. We must start from the beginning.Read More »Contractor Insurance Requirements – A Primer

Hallmark pulls Hanukkah wrapping paper covered in swastikas

If your product is decorated with swastikas, will it be covered? This is a good question for a product liability carrier that provides coverage to Hallmark. Every holiday season, there is at least one store that beats it all with the most “innovative” product of all. This year, the “Grammy” goes to the Hallmark store. They have managed to… Read More »Hallmark pulls Hanukkah wrapping paper covered in swastikas

Product Liability Insurance for UAV (drone)

What is the one thing you expect to see the least in a restaurant? A flying drone! But not in NYC. A drone was flying in TGI Friday’s restaurant last week and cut someone’s face open. Was it a simple accident or product failure? If product failure, is there a product liability insurance in place? Sure many insurance companies provide… Read More »Product Liability Insurance for UAV (drone)