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…

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…

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…

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…

Recalls and investigations swirl around eclipse glasses and fidget spinners

What happens when you don’t follow the rules Apparently many of the parties involved in selling and distributing faulty eclipse glasses and fidget spinners didn’t follow the 5 Risk Management Steps to Prevent Product Liability Claims.  Being in a rush…

The high cost of not reporting product safety issues

Company penalized $4.64M for allegations of failure to report Apparently not everyone is familiar with the adage that ignoring a problem won’t make it go away. And when you’re talking about product safety, ignoring a problem not only won’t make…

When Technology Outpaces Product Liability Laws

Wrestling with the increased exposure that comes with automation Everybody knows that advancements in technology can lead to great benefits, such as efficiency, access to information, improved health, and safety. But these same advancements can also open up greater product…

Product Liability and 3D Printing

Changes are inevitable in product liability laws and standards Some time ago I addressed several interesting points in “3D Printers Will Change the World as We Know It.” At the time, the biggest risk being predicted was whether manufacturers would be…

Fewer Product Recalls But More Injuries

The trend in injuries is cause for concern There is good news and bad for the first quarter of 2017 with regard to product liability. Stericycle ExpertSolutions reported a decrease in the number of product recalls, down from the last…

Manufacturers and Product Liability Claims

Ensuring a proper investigation based on the facts A product liability claim can ruin your business and your reputation. Whether you, as the manufacturer, are at fault, simply having to defend against claims can be financially devastating. The widespread and…