Research Shows the Average Cost of Product Liability Insurance
The study provides insight into a sector of the industry that has seen a dramatic increase in claims and activity during the COVID-19 pandemic.
Product Liability
4 Invaluable Product Liability Coverages
Clients may look to reduce coverage with product liability market pricing expected to continue hardening in 2021. Here are four coverages agents should consider offering to ensure their clients are adequately insured.
Product Liability: Emerging Risks Indicate Market Growth
While negatively impacted by the global pandemic, certain sectors of the product liability market, from technology to the life sciences industry, are seeing opportunities for growth.
Protect Your Clients at Renewal from New Cyber Exposures
During the coronavirus pandemic, it is imperative that independent agents stay engaged with their clients and provide guidance on changes and developments in the professional liability market. COVID-19 sprung many changes on businesses, some good, some bad—but either way, keeping clients up to date on market conditions, risk trends and risk management options is more…
Product Liability: What You Need to Know About CBD
Cannabidiol (CBD) sales in the U.S. will surpass $20 billion by 2024. The biggest emerging trend in product liability insurance, the CBD market has unique challenges.
In Product Liability, Is ‘the Tail Wagging the Dog’?
Insurers have had their work cut out for them over the past couple of years, especially liability insurers. Recent developments are steering a significant shift to a hard product liability market.
Munich Re Energizes Energy Market with Battery Coverage
Munich Re’s Battery Performance Warranty Cover product is one of the first coverages in the world to make battery performance insurable.
The Hanover Enhances Product Recall Coverage
As product recalls become more frequent and extensive, manufacturers of all sizes are taking notice. While The Hanover has offered product withdrawal coverage for many years, a recent product expansion adds liability and additional expenses.
Why Product Recalls Are on the Rise—and Why You Should Care
Food recalls per year in the U.S. have almost doubled since 2002, and 2015 marked a record year for auto recalls, according to recent studies—but what’s driving the trend?
How to Tell if Your Clients Need Discontinued Product Coverage
Discontinued products that remain in the stream of commerce can still cause injury or damage. And unless your clients still have a product liability policy in place when the injury or damage actually occurs, they won’t have coverage.
