There are Liabilities in Hiring an Independent Subcontractor

Do you assume that you’re financially insulated from the missteps of the independent subcontractors you hire? You may find that your subcontractors aren’t as independent as you think. In the eyes of the courts, they could, in fact, be employees….

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…

When Should You Buy Intellectual Property Abatement Insurance?

Understanding what Intellectual Property Abatement Insurance covers Inventors, patent holders and current product liability clients seeking insurance that to protect their intellectual property rights should purchase Intellectual Property Abatement Insurance. Intellectual Property Abatement Insurance covers litigation expenses up to the policy limit…

Intellectual Property Abatement Insurance

Why your attorney may discourage you from buying it In the best interest of their clients, many attorneys recommend that clients purchase Intellectual Property Abatement coverage. This is so their clients have the financial means to enforce their Intellectual Property…

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…

Product Recall vs. Product Warranty Insurance

Know the Difference We often get calls from prospects wanting to buy Product Recall Insurance, A short discussion reveals most are actually looking for Product Warranty Insurance. It is important to understand that the trigger for Product Recall Insurance is…

Outsourcing Problems that Product Liability and Product Recall Insurance Won’t Solve

Many start-up businesses look to outsource their manufacturing beyond the borders of the U.S. as a way to save money.  It is true that cheap labor typically offers a lower unit cost and potentially higher profits for you and lower retail cost for your clients….