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Posted on: April 13, 2023 by Huntersure
Product design is an essential part of getting new products off the ground and into the hands of consumers. While some companies manage this task internally, others turn to product design firms to create the most efficient devices possible. While running such a firm can be lucrative, unique risks accompany third-party design services. As an insurance agent, […] Read More
Posted on: May 26, 2022 by Huntersure
Designing a product requires some strategic planning to ensure that the customer is happy and your stock rises. If you provide professional liability insurance, ensuring that your customer’s design high-quality products reduce the chances that they’ll file claims with you. The design process involves market research, proposals, prototypes, and more market research when done correctly. At each […] Read More
Posted on: December 16, 2021 by Huntersure
You cannot exist in the modern world without interacting with countless products that have been conceptualized, designed, and sold. Indeed, nearly every aspect of the material environment consists of products that have been made by a product design firm. Even though we are familiar with the end results of this process, though, it’s often unclear […] Read More
Posted on: September 19, 2019 by Huntersure
Product recalls can leave a lasting blemish on any company by impacting their sales, reputation, and customer trust. A product recall makes the effort to retrieve and replace defective goods for consumers. When this happens, the cost is absorbed by the company or manufacturer, posing potentially multi-billion dollar losses, like with Volkswagen, which faced an […] Read More
Posted on: October 31, 2016 by Huntersure
Defective product claim laws are governed by each state’s same basic laws. In order to make a case, claimants must prove the product was defective and also caused harm in some way. Therefore, here are some common claims that should be understood to reduce Product Design Liability for a variety of industries. Defective manufacturing. The […] Read More
Posted on: June 17, 2016 by Huntersure
Products liability covers a broad range of commodities and consumer goods. Put simply, any product that is man-made is susceptible to product liability claims. Due to this sobering fact, it’s imperative that your clients carry the proper Product Design Liability Insurance to protect the design, manufacturing and distribution of their products. Product liability is a […] Read More
Posted on: October 21, 2015 by Huntersure
Defective product claim laws are governed by each state’s same basic laws. In order to make a case, claimants must prove the product was defective and also caused harm in some way. The following types of legal claims are the most common, and understanding each can help to decrease Product Design Liability for various industries. […] Read More
Posted on: July 30, 2015 by Huntersure
While there are countless items on the market that can be declared dangerous and result in New York Product Design Liability, there are specific high-risk products that need to be acknowledged. For example, baby and children’s products can be especially risky to create. Therefore, the safety implications of the following products should be considered. Drop-Side […] Read More