Many Broker-of-Record Letters Based on Deceit

Sometimes it pays to be a skeptic It’s always important to not just read, but understand anything you sign.  A Broker-of Record or Agent-of-Record letter is formal notification giving an agent or broker authority to access insurance carriers that have…

Product Recall Expense Endorsements Becoming More Common

Cost-saving endorsements for the budget-minded An emerging trend offers cost savings to many small businesses. We’re seeing more insurance carriers starting to offer product recall expense endorsements to their Product Liability policies. These add-on endorsements provide lower cost product recall…

Sub-Manufacturers and Suppliers Warranty Endorsement – One Scary Endorsement!

That’s one scary endorsement! The other day we were delivering a policy and we noticed an endorsement we’d never seen before. This endorsement is called Sub-Manufacturers and Suppliers Warranty or ES 98 100 05 04. We requested a copy from…

High Premiums Not Always a Reflection of Your Product

Many start-up businesses that are starting to sell products are often confused when receiving quotes. They know their products are safe but the minimum premium quotes they received are just too high to allow them to make a fair profit. The explanation is the standard or admitted market policies for small business are just too broad to allow certain classes of business to participate.

Millions of Drop-Down Cribs Recalled

Putting one infant-safety risk to bed In 2010, the Consumer Product Safety Commission announced a voluntary recall of over 2 million drop-down cribs.  The companies affected by the recalls are: Child Craft (out of business) Delta Enterprise Corp. of New…

Why Manufacturers Refuse to Name Vendors as Additional Insured

A troubling dilemma More and more manufacturers refuse to name their clients as Additional Insured on their Product Liability insurance policies. Or, they go to the other extreme and require being named Additional Insured on their clients’ policies. This is…

Graco and Simplicity in the News Again for Recalls

How do they survive so many baby products recalls? How does the Graco and Simplicity product name survive? It seems to experience major baby products recalls about every other month. Graco and Simplicity distinguishes itself as one of the most…

State-to-State Variability: Statute of Limitations

The statute of limitations (time an injured party has to file notice of a lawsuit) is fairly consistent from state to state; however, the legal exception for minors can stop the statute of limitation and allow the injured party until their eighteenth birthday to file suit.

State-to-State Variability: Statute of Repose

Statute of Repose is another state law that can vary from state to state. This law specifically deals with the time allowed after the sale of a product a product liability lawsuit can be brought to the courts.

Retailer Will Pump You Up with Undeclared Steroids

Are some dietary supplement companies risking your health? The article “Retailer Pulls Supplements with Alleged Steroids” reports that online retailer Bodybuilding.com is recalling lots of 65 dietary supplements. The recalled products are believed to contain steroids, such as androstenedione, superdrol,…