Product liability

Why Every Restaurant Needs Product Recall Insurance

Every year, contaminated food causes 48 million people to become sick, putting more than 128,000 individuals in the hospital1. With more than 1 million restaurants in the United States, foodborne illness can have huge implications for people, communities, and businesses2. While a large restaurant chain like Chipotle may have their bases covered to navigate a…

The Doctor Will See You Now

What you need to know about telehealth medicine, tech innovations and the new exposures they create. As the healthcare landscape shifts from fee-for-service to fee-for-value, companies and physicians providing telehealth services are becoming essential in improving access to care. Businesses like American Well, Doctor on Demand and Teladoc are part of a growing marketplace that…

Every Risk Has Its Price: Product Liability and Recall Coverage

For product liability and recall exposures, that price is over $500 billion in deaths, injuries, property damage, and costs related to recalls every year. Many companies drastically underestimate the exposures they face; leaving their business in jeopardy of bankruptcy should they have an issue. The price of doing business today includes having proper product liability…

Risky Business

Risky Business: Product Liability

Any product that has a use also has a potential for misuse and harm. It may break unreasonably fast, damage someone or something, or even be promoted in a misleading manner. Enter product liability —- and enter insurance policies to cover that liability. The concept of product liability has broadened well beyond its earliest common-law…

CGL or Monoline Products Liability

Comprehensive General Liability or Monoline Products

Basic math says the whole is equal to the sum of its parts. So when a client recently asked Jeff Diefenbach, vice president and branch manager at Burns & Wilcox, to compare a multiline Comprehensive General Liability (CGL) policy to products liability insurance, one of its component coverage parts, the request didn’t really add up….

Optional Coverages

Optional Coverages: Not Included in Commercial General Liability Policies, But Still Necessary

Commercial General Liability: When is an option not an option? When it is not optional, of course. It is not a joke. In the world of liability, a handful of the so-called options or add-ons to the commercial general liability (CGL) policy may still be called “options,” but for a significant portion of businesses, they…

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