FDA Looking to Improve Safety of Imports

Cooperation recommended for foreign agencies Food and drug regulators in the U.S., Europe and other developed countries are facing an increasingly difficult task. They have to make sure that the imports from 300,000 foreign facilities in 150 different countries are…

Start-Ups: Marketing to Retail Chain Stores

The critical step so many ignore I hope this blog rant will open the eyes of hopeful start-up business people and help them become successful. Even after 18 years in the business, I continue to be amazed by how many…

How to Get a Meeting with a Chain Store Buyer

We strongly recommend that our insurance clients carefully read this post  by guest blogger Karen Waksman of Retail MBA. People always ask me how to get a meeting with a chain store buyer.  It’s a common question that comes up…

Mutual Indemnification and the Additional Insured Dilemma

Contract or third party manufactures are not wanting to name their clients, designers and inventors of products, as Additional Insured on their product liability policies because they do not want to be responsible for design or instruction/warning defect claims. A mutual indemnification can help secure additional insured status with the manufacturer.

Are Claims-Made Product Liability Policies Cheaper?

The answer is Yes and No Many businesses purchase a claims-made product liability policy thinking it’s cheaper than an occurrence-based policy. On the surface, claims-made policies can be cheaper than the superior occurrence-based policies.  However, if we closely examine a claims-made policy we see…

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…

3D Printers Will Change the World as We Know It

 And what risks do 3D printers pose to businesses? 3D printing (or additive manufacturing) is a technology that will change society so profoundly it defies the imagination. Reading “The Printed World” showed me the possibility innovation where it will be just…

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…