by admin on April 29, 2012
Prototype/Product Design Related Issues By Matthew Copus When design documents are interpreted to be a product produced by the design professional and then replicated, the design professional may not ne protected by professional liability insurance coverage. In addition, product design is subject to more than the common law negligence standard, and may fall under the [...]
by admin on April 29, 2012
Importance of Product and Public Liability Insurance for Retail Businesses By Nate Rodnay As retail businesses have direct interaction with the general public (customers), they are more likely to face liability claims from the customers. Retail business owners may face liability when their business is held accountable for injuries caused to the visitors; even when [...]
by admin on October 14, 2010
Most businesses choose to insure themselves against public liability claims. Although insurance is not a necessary evil of conducting business, claims for any injuries a customer or general member of the public incurs while in the vicinity of your business, your parking lot, or any other public spaces on your lot can be quite expensive. [...]
by admin on October 14, 2010
Product liability is the legal responsibility on the part of manufacturers, wholesalers, and retail stores to ensure product safety and responsibility. If a consumer purchases a defective product, the consumer can seek legal action against any and all of the involved parties. Products are typically defined as personal tangible property, but the definition of product [...]