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…
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…
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…
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….
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…
A common misconception among owners of incorporated business owners is that they have no personal liability in the event of a product liability claim. Probably 65% of all the incorporated start-up businesses that contact me tell me they would not purchase…
Understanding what Intellectual Property Abatement Insurance covers Inventors, patent holders and current product liability clients seeking insurance that to protect their intellectual property rights should purchase Intellectual Property Abatement Insurance. Intellectual Property Abatement Insurance covers litigation expenses up to the policy limit…
Why your attorney may discourage you from buying it In the best interest of their clients, many attorneys recommend that clients purchase Intellectual Property Abatement coverage. This is so their clients have the financial means to enforce their Intellectual Property…
What’s the difference? One of the most common areas of confusion among clients is understanding the differences between Product Liability, Product Recall and Impaired Property. Assumption #1 Many people wrongly assume that Product Recall and Impaired Products are covered by…
Know the Difference We often get calls from prospects wanting to buy Product Recall Insurance, A short discussion reveals most are actually looking for Product Warranty Insurance. It is important to understand that the trigger for Product Recall Insurance is…
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