Product Liability Risk For Engineers, Inventors and Licensors

The last step in selling your product Sadler is an insurance agency that specializes in helping start-up businesses with their Product Liability insurance needs. We speak to numerous of inventors and engineering firms. Most think their primary goal is to…

3D Printers and Foreseeable Misuse

A college student, a 3D printer and a gun A law student came up with the kind of idea I was referring to in my March, 2011, blog post “3D Printers Will Change the World as We Know It.” Cody…

Inspections Reveal Serious Problems in Dietary Supplement Industry

Basic manufacturing standards not being met My post “Retailers Will Pump You Up with Undeclared Steroids”  referenced a 2009 study claiming 25% of all supplements on the market contain undeclared substances. Unfortunately for the dietary supplement industry, I believe the…

How will surge in product recalls impact small businesses?

Recall-weary consumers ignoring recall notices increases liability risks In 2011, there an average of 6.5 recalls a day.  This is a 42.5 percent increase in recalls from 2007. U.S. regulators, manufacturers, distributors and product liability insurance carriers are concerned the recall-weary public are tuning them…

FDA Looking to Improve Safety of Imports

Cooperation recommended for foreign agencies Food and drug regulators in the U.S., Europe and other developed countries are facing an increasingly difficult task. They have to make sure that the imports from 300,000 foreign facilities in 150 different countries are…

Start-Ups: Marketing to Retail Chain Stores

The critical step so many ignore I hope this blog rant will open the eyes of hopeful start-up business people and help them become successful. Even after 18 years in the business, I continue to be amazed by how many…

How to Get a Meeting with a Chain Store Buyer

We strongly recommend that our insurance clients carefully read this post  by guest blogger Karen Waksman of Retail MBA. People always ask me how to get a meeting with a chain store buyer.  It’s a common question that comes up…

Mutual Indemnification and the Additional Insured Dilemma

Contract or third party manufactures are not wanting to name their clients, designers and inventors of products, as Additional Insured on their product liability policies because they do not want to be responsible for design or instruction/warning defect claims. A mutual indemnification can help secure additional insured status with the manufacturer.

Are Claims-Made Product Liability Policies Cheaper?

The answer is Yes and No Many businesses purchase a claims-made product liability policy thinking it’s cheaper than an occurrence-based policy. On the surface, claims-made policies can be cheaper than the superior occurrence-based policies.  However, if we closely examine a claims-made policy we see…

A Better Understanding of Claims-Made Policies

Claims-made policy forms are common in industries that sell high hazard products such as medical and children’s products. But it’s important to know not all claims-made forms are created equal.  There are two distinct claims-made policy forms: Claims-Made & Reported…