The High Cost to Small Business for Product Safety Compliance

Rising administrative costs for  household, recreational and children’s products The Consumer Product Safety Commission (CPSC) is under increased fire from Congress and the public because of the overwhelming number of product recalls over the past few years. This is especially true…

Can Foreign Liability Insurance Save You Money?

The surprising answer Are you aware there is often a big difference between rates of foreign and U.S. Product Liability Insurance? Many U.S. exporters don’t know this because local and general insurance agents are not aware of all the options….

U.S. Consumer Products Safety Improvement Act of 2008

CPSC mandates a searchable database for consumers One of the most significant changes resulting from the U.S. Consumer Product Safety Improvement Act of 2008 is the creation of a searchable database (Section 212) for consumers.  This one change could significantly…

Minimum and Deposit Premium

Understanding the terminology A minimum and deposit premium is the amount due at the inception of the Product Liability Policy.  Even though the policy is “ratable” (subject to adjustment based on rate per sales), under no circumstances will the annual…

Understanding a Product Liability Audit

Why No Refund? One of the least understood aspects of a product liability audit is the perceived unfairness of why there is no refund of premium at the end of the policy period from the insurance carrier when actual sales…

Insurance Carriers Have Concerns about Insuring Nanotechnology

It’s early in the game of assessing the risks The full potential of nanotechnology is yet to be seen. It’s being suppressed by insurance carriers unwilling to insure the innovative products created by using this technology. We received a call…

4 Tips How Not to Inherit Liabilities When Buying a Business

You don’t want the company’s liabilities, just its assets Follow these tips to prevent the liabilities of the company you’re purchasing from transferring to you with the sale. Examine the purchase agreement carefully.  It may require the buyer to assume…

Chinese Product Liability Policies

Being named additional insured doesn’t instill confidence If you are an importer of Chinese products and have been told by the Chinese manufacturer or distributor that you are covered by their product liability insurance policy, I recommend you read Linda…

There are Liabilities in Hiring an Independent Subcontractor

Do you assume that you’re financially insulated from the missteps of the independent subcontractors you hire? You may find that your subcontractors aren’t as independent as you think. In the eyes of the courts, they could, in fact, be employees….

What is the Pre-emptive Defense?

Why it cannot apply to all FDA-approved products Over the past few years I have gone back and forth over whether pre-emption is good for the American public. The Pre-emptive Defense Many pharmaceutical and medical device companies contacting me for…