Umbrella liability insurance is a special type of insurance that protects you when accidents or other unforeseen disasters happen and your existing liability insurance policies cannot cover all the expenses. Ordinarily, your standard business liability coverage will protect you in most situations. However, there are times when accidents or disasters get so serious that your…

 

The corporate world today is different from what it used to be several years back. Business insurance products were limited to general liability, fire, theft and all the other common products. However, various cases against employers have brought the need for other insurance products. One of such products is the employee practices liability insurance or…

 

How does Product liability insurance works? What are its benefits and why should a small business buy product liability insurance? If you seek answers to any of the questions above, then i advice you read on. Product liability insurance is designed to protect business owners against liability claims stemming from injuries and losses suffered from…

 

If your business manufactures or sells products (either as a distributor or retailer), you will be held responsible for any injuries or deaths allegedly caused by your products. History abounds with many cases of major product liability: In 1982, Johnson and Johnson had to spend over $100 million to recover its market share and reputation…

 

The Legal Information Institute at Cornell University defines Product liability as “liability of any or all parties along the chain of manufacture of any product for damage caused by that product. This includes the manufacturer of component parts (at the top of the chain), an assembling manufacturer, the wholesaler, and the retail store owner (at…

 

When an individual suffers bodily harm or property damage caused by a product that is unreasonably dangerous or unsafe, that individual may file a lawsuit against the company that designed, manufactured, sold, distributed, leased, or furnished the product. That is, the company may be liable for the affected individual’s injuries and may be required by…

 

Running a business comes with many risks. A customer might sustain some injury due to a fault in your product. Another customer might file a lawsuit against your company for alleged damages sustained as a result of your company’s action or inaction. Just as you would protect your business against property theft, fire, and other…

 

Just like life is full of a lot of risks and uncertainties, the business world is also very risky. A lot of ugly things could happen in the course of running your business which if not prepared for, could abruptly end your business and leave you with some debts. A pharmaceutical company that has been…

 

So you bought your business a Product liability insurance policy; that’s a step in the right direction but you still have to protect your business from product liability issues because, trust me, product liability cases are not always clean. They can be so messy sometimes that you would have to spend a lot cleaning up…

 

How much does it cost to buy a Product liability insurance policy? What are the processes involved? This article will explain in detail how to get product liability insurance. It is every manufacturer’s dream to have a product that does well in the market; a product that people are actually buying and using because developing…

 

As a manufacturer of products, have you ever sat down to think of what could happen if a consumer of your product gets hurt from using them? If you haven’t, then you have to start thinking about it and making steps to protect yourself.  The business world today is a lot more complicated than what…