Product Liability

A product recall policy is much broader than its name suggests, covering recalls, stock recoveries when the product is still in the insured’s possession, and market withdrawals.

Even though small businesses put a lot of work into manufacturing high-quality products, there is always the chance that products could fail to work properly and cause harm to a consumer.

The new policy offers features including coverage for claims made against an insured person solely because they happen to be a plan fiduciary.

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.

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.

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.

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…

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.

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’s Battery Performance Warranty Cover product is one of the first coverages in the world to make battery performance insurable.