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Product Liability Insurance and Product Defects

Manufacturers create many useful and necessary products but are also open to a wide array of risks and exposures. Depending on the exact types of products being produced and sold, the risks will vary, but if the item in question ends up causing an injury due to a defect, this will certainly be a major concern. In order to minimize product liability exposure, or to defend product safety when necessary, owners need Product Liability Insurance to protect them against claims in the event someone does suffer an injury when using their product.

In Defense of The Manufacturer

Issues brought up in product liability claims need to be thoroughly understood and examined. The basic principles of safety in product design are for manufacturers to design out any defect to eliminate hazard so that the product is deemed safe. If a hazard is known to exist and cannot be designed out, then you must build in safety devices to prevent injury
Manufacturers must also provide warnings when deemed necessary.

In most product liability cases the defendant will attempt to assert that there is no evidence of prior accidents, and if there had been prior accidents the defendant would have known about them. There should be a mechanism in place to check on the safety of the product, as well as several ways to determine whether or not there had in fact been accidents involving the product.

Foundational evidence must be established before evidence of a lack of prior accidents would be admissible. In order to lay the proper foundation for a defense of no prior accidents the defendant would also have to show they likely would have known of those prior accidents if they had occurred. This could be based upon the number of units sold and the extent of prior use, provided that identical products were used under similar circumstances.

The fact is that defective products are simply part of the downside of the manufacturing industry. In California, as in most states, it’s prudent for any company operating this type of business to carry Product Liability Insurance to ensure that if a lawsuit arises claiming injury from a defective product, that the company will be in a position to mount a defense.

Grow Your Insurance Business With Wholesale Workers’ Compensation

The Virginia workers’ comp system is undergoing reform. Like others states, it’s dealing with issues such as widespread fraud and higher medical costs. The changing regulations are forcing insurance agents and brokers to find better ways of retaining clients and expanding business. If you’re seeking a competitive advantage in this fluctuating marketplace, consider the benefits of working with a wholesale workers’ compensation insurance provider.


Workers’ compensation laws and guidelines are complex. Perhaps you don’t have the resources or manpower for keeping up with the ever-changing rules and regulations. With an insurer specializing in workers’ compensation, additional training or staff isn’t required. The wholesaler is a one-stop-shop solution for workers’ comp coverage ranging from hard-to-place risks and “main street” accounts to large companies and small businesses.

Market Access

Do you want to expand your business in Virginia? Are you looking to break into other industries? Working with a wholesaler specializing in workers’ comp, gives you easier access into the market. Partnership with a company that has a track record of serving the region allows you to offer coverage for sectors, ranging from professional services and healthcare to manufacturing and retail.

The Virginia workers’ Comp reform presents a new challenges when it comes serving your commercial customers, but there is a solution. Contact a wholesaler insurer that can help you with customer retention and business expansion.

3 Tips for Choosing the Right Workers Compensation Policy

It’s not easy figuring out which workers compensation plan is right for you and your company. There are seemingly endless options available, so it can be difficult to know where to begin. You don’t have to be an expert – though working with an expert workers compensation insurance broker won’t hurt – but a little bit of planning and research goes a long way in ensuring that you are properly insured. Here are a few tips to get you started.

1. Hire a Broker

Hiring a workers compensation insurance broker is not a mere suggestion, it really should be your top priority. Brokers use their knowledge and experience to sift through the various policies to identify the ones that offer the coverage the fits your specific business and its needs.

2. Familiarize Yourself with State Regulations

Each state has different requirements regarding the type and level of coverage you are obligated to offer your employees. Understanding these regulations will help you make sure that your policy fulfills your legal obligations.

3. Understand What Is and Isn’t Covered

When you are narrowing down your choices, make sure that you fully understand what the policy will and won’t insure. If it doesn’t seem to cover the occurrences most likely to affect your business, it’s not even worth considering.

The Complexities of a Foreign Trade Zone Operator Bond

A Customs bond is a financial guarantee between the insurance or Surety Company issuing the customs bond, the operator (who is required to file the bond), and U.S. Customs & Border Protection (CBP). This bond guarantees U.S. CBP that fees due from the operator are paid by the Surety Company in the event of operator default. The customs bond also indemnifies the Surety Company, allowing them to use any legal means to collect from the operator any monies that were paid to CBP on the operator’s behalf. As a broker it is essential that you ensure that your client understands and adheres to these requirements as they have been established.

A Foreign Trade Zone (FTZ) is considered non-U.S. territory for customs’ purposes. Foreign goods placed into FTZ may be manufactured, manipulated, repacked or exported without paying duties. A Foreign trade zone operator bond requires the principal to comply with the law and CBP regulations relating to the receipt (including merchandise received and receipted for transport to his zone), admission, status, handling, transfer, and removal of merchandise from the foreign trade zone or sub-zone.

Additional Requirements Under FTZ

With regards to the receipt, handling and disposition of merchandise, the principal must also comply with CBP regulations concerning the maintenance of inventory control and record keeping systems covering merchandise in the foreign trade zone or sub-zone. If the principal defaults and the default involves merchandise other than domestic merchandise (for which no permit for admission is required), the obligee agrees to pay liquidated damages equal to the value of the merchandise involved in the default.

Some Foreign-Trade Zone Grantees elect to operate their General Purpose Zone themselves. In doing so, the Grantee maintains the greatest direct control over Zone operations, yet also directly bears responsibility and Customs liability for the Zone’s operation.

Clearly the goals of the zone project and the scope of services offered by potential operators will determine the allocation of responsibilities between the Grantee and operator. These goals will also affect decisions about who will operate the zone and/or how many Zone Operators there will be. This is a somewhat complex situation and it requires a working knowledge of how FTZs function and to what extent the liability issues may become a concern to your clients. That said, having a Foreign trade zone operator bond will help in making the entire process incident-free.

Causes of Canine Territorial Behavior

Herding and guard dog breeds were developed in order to display territorial behavior as part of their jobs. In fact, the territorial and protective instinct is inherent in all dogs. That is why liability insurance for dogs is a coverage to consider. Sometimes a dog may be excessively territorial, resulting in excessive barking, lunging, and biting. Here are some possible causes of excessive territorial behavior.


Interfering with a dog’s activities, whether unintentionally or not, may trigger territorial behavior. One prominent example is feeding time. If someone blocks a dog’s access to her food, she will become irate at the very least. Interrupting a dog’s nap time may also prompt a dog to defend her personal space.


If a dog feels that a stranger may come onto the property and possibly hurt his family, he will become aggressive. The same may go for any of the dog’s possessions, such as his bed and toys. A doorbell sounding may trigger a territorial response as well.


If a dog has had past success getting what she wants through aggressive behavior, she is likely to do it again. Even if a dog is very loving to her family, she can still become aggressive and territorial toward others. Not all homeowner’s policies cover dog aggression so liability insurance for dogs may be necessary to comply with laws and to have peace of mind.


What to Expect from a Trustworthy Insurance Company

While insurance is an integral component in planning and preparing for your future, it is equally as important to work with a company who is reputable and trustworthy. Once you have selected one of the insurance companies in Hartford CT to work with, here is what you can expect from a partner who has your best interest as their top priority.


Insurance can be a difficult concept to understand. With so many coverage types, policy guidelines, and cause-and-effect clauses, it is critical to understand how your policy works. A great company will provide agents who are patient and willing to knowledgeably answer each of your questions.


A trustworthy company will provide policies with affordable price tags so you can find coverage to meet your needs, within your budget. They can also help you identify factors that could potentially affect the premium you pay.


Unlike other services, insurance is not something that can be fitted the same to each customer. Because every individual faces unique risks and lifestyles each day, it is imperative that each policy reflects those differences. A great company will offer a measure of customization so you can select coverage options that will guarantee your full protection.

With so many insurance companies in Hartford CT, it is crucial that you choose the right one. A trustworthy partner will be patient, affordable, and allow a degree of customization.

Bar Insurance for a Host of Concerns

Naturally everyone thinks about liquor liability when it comes to bar insurance, but you’re going to need coverage for many different areas of concern as well. For example, you’ll have employees to protect and property that needs to be insured in order to replace or repair damage to the building and fixtures, not to mention any operational equipment that might break down. You might want to start with an estimate of what the value of the property is and go from there.

If you’re bar is going to involve games and activities, like dart boards, a pool table, karaoke and the like, your premiums will probably be higher to insure all of those areas of risk. For bars with extravagant themes, such as those that include having pyrotechnic displays, swimming pools, or staged musical events featuring live bands, these things will certainly heighten the risk factor, creating additional exposures to be dealt with.

Alcohol Concerns Play An Important Role

Serving alcohol creates a great revenue stream but can come at a cost. For example, each state has its own laws regarding what is the liability of the bar owner for injuries to a third-party caused by an intoxicated patron. Alcohol ranks highest on the list of liability issues, plus a liquor license can be pretty expensive. Not everyone is eligible to receive this license and you’re going to have to fit certain criteria to even get a permit. You must keep track of the percentage of sales attributed to alcohol since it helps insurers determine what rates will apply as this will factor into your bar insurance coverage.

To properly run a bar you’re going to need employees to work there, so you’ll need workers’ compensation insurance and health insurance benefits in order to retain staff. In most instances part of your staff will include bouncers or security to maintain order and protect patrons so you’ll also need liability coverage to sufficiently deal with lawsuits if they are charged with causing injuries to people while they are in your establishment.

You’ll also want to look into coverage for any vehicles used for commercial purposes, particularly those not covered by personal auto policies. You may require hired/non-owned insurance to cover employees who use their own vehicles for work purposes. A lot of thought must go into your bar insurance package and the many policies and riders you may need to run a successful venture.

Orlando Builders Owners Insurance is Vital in a Disaster

A major disaster could occur anywhere at anytime and turn a profitable company into a business forced to permanently close their doors. Destruction due to severe weather conditions, such as many of the major storms and hurricanes that have recently affected large areas in the US, should be a concern for many business owners. Orlando builders owners insurance helps to protect companies from everything that could go wrong, from a minor event to serious financial losses when business property damage occurs.

However, it doesn’t even take a major storm to impact your company. A fire could destroy the building and the all the contents inside, or a storm could damage cars, outdoor signage, fences and other structures. Something as simple as a burst water pipe could damage documents, drawings or other valuable papers, and yes, high winds or torrential rains could cause structural damage rendering the building uninhabitable. As a business owner you need to make sure that the company is properly insured. Here are a few tips for getting the proper coverage for commercial property insurance.

Create An Inventory of All Assets

There are times when employees get lax and important business property may be overlooked when considering policy options. Take inventory of all equipment, including computers, fax machines, printers, other electronics (kitchen appliances, microwaves, coffee machines), and even office furniture. There may also be important items stored in a storage facility. Basically any physical item used to conduct business can be insured and your first step should be to research different insurance agencies to help determine just what can and cannot be insured.

Consider Your Coverage Options

There are some options when it comes to purchasing Orlando builders owners insurance, which an insurance agent should help you by providing information about these options. For example, even if any piece of equipment breaks by accident, and is not the result of a theft, there is coverage available for this.

Other considerations to keep in mind are whether to purchase ACV (Actual Cash Value). ACV will repay the actual cost of any depreciated assets that were stolen or damaged. There are many preemptive steps you can take that have the potential of lowering your insurance premiums as well. By installing alarms, having fire extinguishers on hand, along with fire and smoke alarms, you can go a long way towards reducing the cost of coverage. Ask an agent about any available discounts, as some insurance companies will provide discounts to business owners purchasing both personal and business insurance from them.