Understanding Strict Liability

Negligence vs. defect Strict Liability can be a difficult concept for some business owners to  grasp. But it’s important to know how it impacts their business and Product Liability Insurance. First of all, with Strict Liability there is no burden…

Peanut Corp of America and Product Liability Insurance

Since the Peanut Corporation of American knew that many of the products they were shipping were potentially contaminated by Salmonella, they could be denied product liability insurance coverage because it was an intentional act.

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…