Author Archive | Paul L. Owens

3D Printers And Foreseeable Misuse

In March of 2011 I wrote a blog, “3D Printers Will Change The World As We Know It”.  Well consider the plans of University of Texas law student and aspiring gun maker, Cody Wilson, one of the changes we could have never imagined a few years ago. Cody has a dream. His dream is to […]

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Mutual Indemnification May Solve The Additional Insured Dilemma Between Mfgs & Distributors

In my 6/25/2010 blog, Why Manufacturers Are Refusing To Name Their Vendors As Additional Insured, I stated that one of the reasons manufacturers are reluctant to add their clients as Additional Insured onto their product liability policy is due to manufacturers not always designing the products they are manufacturing. These manufacturers that build to other’s […]

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Are Claims-Made Product Liability Policies Cheaper? Yes and No!

One of the primary reasons many businesses purchase a claims-made product liability policy is the perception that it is cheaper than an occurrence based policy. On the surface, claims-made policies can be cheaper that their superior counterpart, occurrence based policies. However, when you examine claims-made policies closer, you may find, in the long run, they […]

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Sometimes It Is Not Your Product, But The Class Of Business

Oh, the frustration! Why doesn’t anybody understand how safe my product is and give me a fair premium? I get several calls a week from business start-ups, inventors, importers, patent holders, etc. that are trying to get product liability insurance for their product.  Many times I may be the sixth or seventh agent they have approached for […]

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Many Broker of Record Letters Based On Deceit

Simply put, a Broker or Agent of Record letter allows an agent to take the quotes and work of another agent.  A BOR or AOR is a formal letter that gives an agent or broker authority to access insurance carriers that have previously been accessed by other agents or brokers and revokes those agents or […]

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Product Recall Expense Endorsements Becoming More Common

A positive new trend is emerging for small businesses.  More product liability insurance carriers are starting to offer product recall expense endorsements to their product liability policies. The great thing about these add on endorsements are, they provide some product recall expense coverage at a much lower price than if a small business had to purchase a stand-alone […]

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