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Product Liability Insurance
What is products liability insurance and why have it? What are the costs? What are the pitfalls and current market trends?
By touching on these three critical areas we will talk to the importance of proper coverage including the governmental and state requirements for certain lines of insurance while drilling down on the products liability line of coverage. Questions such as how much is enough liability protection is usual for my business segment? Is there benchmarking information available for claims paid on venture firms and when they do come, what are they? Why do retailers and wholesalers require proof of products liability and what can I do to protect myself by successfully transferring risk onto the responsible party? The talk will wrap up hitting on where the insurance industry is looking for opportunities and what the hot buttons of the "Green" movement are.
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