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…

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…

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…

Are Your Personal Assets Really Protected by Incorporating Your Small Business?

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…

Product Liability, Product Recall and Impaired 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…