Owning a drone is not just for hobbyists anymore. According to Insurance Journal, corporate risk managers expect the use of drones by corporations to be common practice within 5 years. This trend may grow even faster for businesses in the construction, energy, real estate, agriculture, photography, or cinematography industries. The growing use of drones in professional fields leaves some business owners at risk of being held liable if their drone caused damage or injury to a third party’s property or person.
Drone accidents happen frequently enough that attorneys, insurance brokers, and policymakers are all now seeing their industries change. Boston attorney Matthew Henshon said in Insurance Journal that mitigating the risks that come with drones is “a balancing a
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With the days growing longer and the sun getting warmer, more and more people are wanting to find their way outside. The hotter months often see an uptick in outdoor sports and recreation activities as people want to soak up as much of the summer sun as they can.
These kinds of activities present great opportunities for individuals looking to make a living doing a sport they love. Whether you want to become a rock climbing guide or take people out on the water as an expert river rafter or stand-up paddle board enthusiast, summertime is the perfect time to start a small-business that allows you to pursue your passion.
However, there are risks inherent with almost any
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For many small businesses, getting the insurance coverage you need can be a frustrating and potentially expensive process.
Which of the myriad coverages apply to my business?
What does each type of coverage even cover?
What kind of limits will best meet my needs?
Am I paying too much for what my policy covers?
These are all common questions you may find yourself asking as you try to protect your business from liability.
In today's insurance marketplace, finding coverage that is both affordable and applicable can be dif
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Ask any kid what their three favorite holidays are, and in most cases the child is likely to include Halloween as one of them. And with good reason. They get to dress up and get lots (and sometimes lots and lots and lots) of candy. And it’s not just a holiday for kids. Many adults, too, get in on the fun to make Halloween one of the most exciting holidays of the year.
This time of year can also be a good time to remind those people or businesses you represent as an insurance agent to get product liability insurance. Many businesses, including those that manufacture, import, distribute, and sell halloween costumes, candy, and other products face unique exposures during this time of year. In some cases, these businesses make the majority (or sometimes all) of their revenue during the Halloween season and having all of that revenue wiped out because of an accident would be detr
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When you start looking at product liability claims they can fall within three categories: 1) Defective Manufacturing 2) Defective Design 3) Failure to provide adequate warning or instruction for proper use of the product.
Defective Manufacture
A defective manufactured product—a flaw during the process of making the product—can be the most obvious in a product liability claim. A factory may have an error while making the product which may alter the usefulness and cause injury to the user. Some examples of these claims include:
Cough syrup that is tainted with a poisonous substance
Bottle of soda explodes in hand of waitress causing several cuts and nerve damage
Agriculture product contaminated with pesticides or unsanitary standards and causes illness
Defective Design
Defective design differs fr
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