When Smart Products Turn Dumb

Smart products combine a physical product with embedded software technology. This allows them to be more self-aware, self-organized and adaptive. Smart products are filled with intelligence, sensors and communication abilities.  And they’re currently flooding the consumer market at approximately 5.5…

Batteries: The Holy Grail of the Future

iThe race is on for developers to revolutionize how we live, work and play The race is on to develop the battery that offers better energy density and charges faster. The business that develops this battery technology first and brings…

Paradigm Shift Moves 3D Printing into Mainstream Manufacturing

3D technology moving ahead at warp speed Several years ago, I wrote about the exciting future of 3D printing and the innovation that would follow. However, when discussing the possibilities with my engineering friends, it became apparent they didn’t share…

7 Variables Impacting Product Liability Insurance Premiums

Some may surprise you. There are approximately seven variables that can impact your premium. Some you have control over, but others not so much. Your product. Products cover the full spectrum of risk, so I will not spend a lot…

The 4 Components of Cyber Liability Insurance

Protecting your business from an ever-evolving risk What is Cyber Liability Insurance? If you are like me and most of the population, you are not completely sure. It is very much like technology in that it’s always evolving and expanding….

Consumer Protection for Technology Products

Is anyone really looking out for the consumer? The Internet has often been referred to as the wild, wild West of the cyber age. It’s difficult to know whether websites, apps, portals and cloud-based programs are wearing black or white…

Product Liability Risks in the Cannabis Industry

Issues surrounding labeling, dosing, etc. of edibles We continue to follow the discussion on the risks associated with the legal marijuana industry. These risks include motor vehicle accidents, theft, and consumption-related bodily injury and property damage. The insurance industry is…

The Rising Trend in Product Recalls

What’s behind it? We recently reported about an overall decrease in the number of product recalls. However, we also pointed out the two exceptions to that are products in the automotive and food categories. Both saw substantial increases in 2016….

VIDEO: 5 Steps to a Better Product Liability Quote

Tips from the start-up specialists We receive at least 50 calls every week from manufacturers, distributors and importers looking for Product Liability insurance quotes. Our video offers five steps you can take that will help you get a quick quote…

Cannabis Industry Finding Insurance Coverage with Smaller Carriers

Niche brokers and carriers filling a void in a high-risk industry As more and more states legalize marijuana for recreations and medicinal purposes, we see legitimate cannabis-based businesses popping up. These are both brick-and-mortar establishments and on-line operations. Of course,…