Products liability

Ask the Expert: Products Liability Coverage

Insurance Market Source regularly taps into its network of experts for insight into key trends across the insurance landscape. Tyson Peel, National Property & Casualty Manager, Burns & Wilcox Canada, shares his insight on Products Liability Coverage.  Q: Why is the location of where a product is made important to Products Liability Coverage? Tyson Peel (TP): Brokers…

Five Things to Know About Products Liability and CGL Policy

Five Things to Know About Products Liability and the Commercial General Liability Policy

It was not a good Valentine’s Day for pharmaceutical giant Merck. On February 14, the company agreed to pay $688 million to settle two federal class-action lawsuits over the cholesterol drug Vytorin. This is but one example of why sometimes a separate products liability policy makes better sense than a more comprehensive Commercial General Liability…

Legal storm bewing around climate change

Legal Storm Brewing Around Climate Change

Climate change-related claims could be the next hot-button issue in products liability litigation It is now widely accepted that global warming will have profound consequences, but who would have predicted it would already be stirring legal issues over Products Liability claims? We know about the mass tort cases related to firearms, Dalcon shields, and breast…

Finding viable coverage for liability products

Finding Viable Coverage for Liability Products

Insurance insiders offer advice and insight on Products Liability Coverage Q. What exactly is Products Liability Coverage and what are some claim examples? Melanie Elias, Director of Claims, Minuteman Adjusters, Inc., Farmington Hills, Mich. responds: In the products/completed operations portion of a general liability policy, Products Liability Coverage is intended to provide protection against defective…

Commercial GL Some business models fit others require more flexibility

Commercial General Liability: Some Business Models Fit, Others Require More Flexibility

It is early morning and a big truck pulls up to the company gate. A large portable fence is quickly installed and almost immediately, a dozen sheep emerge from the truck and are herded onto the property that will be their pasture for a few hours. When the grass is sufficiently short, the fencing and…