“How much coverage do I need? I’m just a distributor”

How the products you distribute define you “I’m just a distributor. I shouldn’t have to pay much for my insurance.”  Not so fast! You’re probably much more than a distributor. To find out, take this quiz: Do you import your…

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…

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…

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…

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.

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…