1.0Jordan & Jordanhttps://jordanjordaninsurance.comrich600338<blockquote class="wp-embedded-content" data-secret="8bHHVM5Qub"><a href="https://jordanjordaninsurance.com/product-liability-insurance/">Product Liability Insurance</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://jordanjordaninsurance.com/product-liability-insurance/embed/#?secret=8bHHVM5Qub" width="600" height="338" title="“Product Liability Insurance” — Jordan & Jordan" data-secret="8bHHVM5Qub" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script> /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); //# sourceURL=https://jordanjordaninsurance.com/wp-includes/js/wp-embed.min.js </script> [vc_row full_width=”stretch_row” content_placement=”middle” css_animation=”zoomIn” background_image=”4766″ el_class=”innerbanner InnerBannerHeight”][vc_column][tm_heading tag=”h1″ custom_google_font=”” google_fonts=”font_family:Montserrat%3Aregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal” font_weight=”800″ text=”PRODUCT LIABILITY INSURANCE” line_height=”40px”][vc_column_text]Product Liability insurance provides coverage for claims against manufacturers and sellers of products to the general public like tires, power sports, tools, dietary supplements and other goods.[/vc_column_text][vc_btn title=”Get a Quote” style=”custom” custom_background=”#d9751f” custom_text=”#ffffff” shape=”square” css=”.vc_custom_1724667348268{padding-top: 30px !important;}” link=”url:https%3A%2F%2Fjordanjordaninsurance.com%2Fquote%2F|title:Get%20a%20Quote” el_class=”new-btn”][/vc_column][/vc_row][vc_row lg_spacing=”margin_top:50;margin_bottom:20″ md_spacing=”margin_top:50;margin_bottom:20″ sm_spacing=”margin_top:50;margin_bottom:20″ xs_spacing=”margin_top:50;margin_bottom:20″][vc_column][tm_heading tag=”h1″ custom_google_font=”” el_class=”HeadingStyle” text=”What is Product Liability Insurance?”][/vc_column][vc_column][vc_row_inner][vc_column_inner width=”1/2″][vc_column_text el_class=”InsuranceText”]Product Liability insurance provides coverage for claims against manufacturers and sellers of products to the general public like tires, power sports, tools, dietary supplements and other goods. It offers protection to manufacturers or sellers for losses or injuries to a user or bystander caused by a defect or[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/2″][vc_column_text el_class=”InsuranceText”]malfunction of the product, and, in some instances, defects in the product’s design or inadequate warning labels. When it is part of a Commercial General Liability policy, coverage is often referred to as Products-Completed Operations insurance. Below are the most common scenarios that can result in a Product Liability claim.[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row el_class=”main_accor”][vc_column][vc_tta_accordion active_section=”99″ el_class=”main_accor_content”][vc_tta_section title=”Manufacturing” tab_id=”1549560341647-e1663941-277f1549573731506″][tm_image el_class=”ImgWidth” image=”4902″][vc_row_inner el_class=”main_list”][vc_column_inner width=”1/2″][vc_column_text el_class=”InsuranceText”] When steps taken or not taken during the production process result in an unreasonably unsafe defect [/vc_column_text][/vc_column_inner][vc_column_inner width=”1/2″][vc_column_text el_class=”InsuranceText”]in the resulting product. EXAMPLE: An assembly line worker forgets to tighten a nut or bolt that causes the product to fail, resulting in bodily injury to the user.[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_tta_section][vc_tta_section title=”Design Defect” tab_id=”1549911530900-8bb627aa-2208″][tm_image el_class=”ImgWidth” image=”4902″][vc_row_inner el_class=”main_list”][vc_column_inner width=”1/2″][vc_column_text el_class=”InsuranceText”]When steps taken or not taken during the production process result in an unreasonably unsafe defect[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/2″][vc_column_text el_class=”InsuranceText”]in the resulting product. EXAMPLE: An assembly line worker forgets to tighten a nut or bolt that causes the product to fail, resulting in bodily injury to the user.[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_tta_section][vc_tta_section title=”Defective Warnings or Instructions” tab_id=”1549572466298-ebd69fed-fb8e1549573731506″][tm_image el_class=”ImgWidth” image=”4902″][vc_row_inner el_class=”main_list”][vc_column_inner width=”1/2″][vc_column_text el_class=”InsuranceText”]When steps taken or not taken during the production process result in an unreasonably unsafe defect[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/2″][vc_column_text el_class=”InsuranceText”]in the resulting product. EXAMPLE: An assembly line worker forgets to tighten a nut or bolt that causes the product to fail, resulting in bodily injury to the user.[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_tta_section][/vc_tta_accordion][/vc_column][/vc_row][vc_row el_class=”ChallengsText” lg_spacing=”margin_top:70;margin_bottom:50″ md_spacing=”margin_top:70;margin_bottom:50″ sm_spacing=”margin_top:30;margin_bottom:50″ xs_spacing=”margin_top:30;margin_bottom:50″][vc_column][tm_heading tag=”h1″ custom_google_font=”” text=”Why your company may need product liability insurance?”][vc_row_inner lg_spacing=”margin_top:60″ md_spacing=”margin_top:60″ sm_spacing=”margin_top:30″ xs_spacing=”margin_top:30″ el_class=”main_company_lirt”][vc_column_inner width=”7/12″][vc_column_text el_class=”InsuranceText”]If your company manufactures any kind of product, from tires to engines, computers to clothing, it could easily find itself on the wrong side of a lawsuit by a plaintiff claiming your product(s) caused some kind of injury or damage. In today’s litigious society, it is not even necessary for you to be the manufacturer of the product. Sellers are often sued alongside the manufacturers Product liability exposure lasts as long as the product is in use Someone may be injured or damage may result from use of the product years after it was manufactured and the product may no longer be in production. Product liability insurance should be kept in force as long as the products are being used and could cause injury or damage. Because of the continued liability exposure, insurers require insureds to provide detailed information about discontinued products. The basic premise of most product liability lawsuits is that the product manufacturer or vendor failed to täke appropriate steps to insure the product was safe and sound. It is impossible to eliminate all hazards in connection with many products. No matter what you do, someone could fall off a ladder or burn themselves with a hair dryer, and so forth. To show that you did everything possible to prevent such injuries, it is critically important to communicate with buyers and users of the product about such hazards. The thing to remember is that if there is a lawsuit, your best defense is to prove you took all reasonable measures to assure no one would be injured.[/vc_column_text][/vc_column_inner][vc_column_inner width=”5/12″][tm_image image=”4780″][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row full_width=”stretch_row” el_class=”InsuranceCover InnerBannerHeight” background_image=”4790″ lg_spacing=”padding_top:70;padding_bottom:100″ md_spacing=”padding_top:40;padding_bottom:100″ sm_spacing=”padding_top:40;padding_bottom:100″ xs_spacing=”padding_top:40;padding_bottom:100″][vc_column][tm_heading tag=”h1″ custom_google_font=”” text=”What Product Liability Insurance Covers”][vc_row_inner][vc_column_inner width=”1/2″][tm_heading custom_google_font=”” text=”Bodily Injury”][vc_column_text] In the event that somebody is injured by your product, product liability insurance can cover the cost of care, lost wages, restitution for wrongful death, or legal fees (if you’re taken to court.) [/vc_column_text][/vc_column_inner][vc_column_inner width=”1/2″][tm_heading custom_google_font=”” text=”Property Damage”][vc_column_text]In the event that property is damaged due to your product, product liability insurance can cover the value of physical damage, repairs, lost profit due to damages, and legal fees (if you’re taken to court.)[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row full_width=”stretch_row” background_color=”custom” el_class=”ChallengsText” lg_spacing=”padding_top:60;padding_bottom:50″ md_spacing=”padding_top:20;padding_bottom:20″ sm_spacing=”padding_top:20;padding_bottom:20″ xs_spacing=”padding_top:20;padding_bottom:20″ custom_background_color=”#f7f7f7″][vc_column][tm_heading tag=”h1″ custom_google_font=”” text=”Trends in Product Liability”][tm_heading tag=”h2″ custom_google_font=”” google_fonts=”font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:600%20bold%20regular%3A600%3Anormal” font_weight=”400″ align=”center” text=”2014 Mean and Median Jury Awards for Product Liability” font_size=”lg:20″ css=”.vc_custom_1549571353417{margin-top: 20px !important;}” md_spacing=”margin_top:20″ sm_spacing=”margin_top:20″ xs_spacing=”margin_top:20″][/vc_column][/vc_row][vc_row full_width=”stretch_row” background_color=”custom” el_class=”ChalengsPoints” lg_spacing=”padding_bottom:60″ md_spacing=”padding_bottom:80″ sm_spacing=”padding_bottom:80″ xs_spacing=”padding_bottom:80″ custom_background_color=”#f7f7f7″][vc_column width=”1/2″][vc_column_text] With e-commerce, exposures are becoming more global. This means higher rates of multi-jurisdictional cases, and more class action lawsuits Non-U.S. litigants are increasingly filing suit in U.s. courts as the reputation for high payouts in the U.S. entices litigants abroad. U.S. defendants face new challenges, including cross-border discovery and parallel proceedings in U.S. and foreign courts. Courts are becoming less agreeable to allowing plaintiffs to choose the jurisdiction in which they wish to bring suit. [/vc_column_text][/vc_column][vc_column width=”1/2″][vc_column_text] Overall frequency of product liability claims have steadily risen over the past 30 years, and the payouts of judgements has gotten larger, with payouts U.S. courts are becoming more willing to allow class action suits, even if the majority of product owners have not suffered a loss. States are enacting “statutes of repose” to limit the time frame for a plaintiff to bring a product liability suit but the statute may be extended by the court on [/vc_column_text][/vc_column][/vc_row][vc_row full_width=”stretch_row” background_color=”custom” custom_background_color=”#f7f7f7″ lg_spacing=”padding_bottom:70″ md_spacing=”padding_bottom:70″ sm_spacing=”padding_bottom:70″ xs_spacing=”padding_bottom:70″ el_class=”main_graph”][vc_column width=”1/2″][tm_image image=”5439″][vc_column_text]Source: Thomas Reuters, Current Award Trends in Personal Injury, 54th edition. Mean: The sum of all jury award for the divided by the number od cases in the same year Median: The Middle number. in a lisr from lowest to higest[/vc_column_text][/vc_column][vc_column width=”1/2″][tm_image image=”5443″][vc_column_text]Source: Statistical Compilation of Annual Statement information[/vc_column_text][/vc_column][/vc_row][vc_row el_class=”home_blog_slide” lg_spacing=”margin_top:80″ md_spacing=”margin_top:80″ sm_spacing=”margin_top:80″ xs_spacing=”margin_top:80″][vc_column][tm_blog style=”carousel” carousel_nav=”2″ carousel_gutter=”0″ number=”4″ carousel_auto_play=”5000″ carousel_items_display=”xs:1;sm:2;md:2;lg:2″][/vc_column][/vc_row][vc_row full_width=”stretch_row” el_class=”bgprogram”][vc_column][tm_heading custom_google_font=”” google_fonts=”font_family:Montserrat%3Aregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal” font_weight=”800″ align=”center” md_align=”center” sm_align=”center” xs_align=”center” text_color=”custom” custom_text_color=”#222222″ text=”Get a full quote for your product” font_size=”md:26;lg:28″][vc_separator el_width=”10″ el_class=”seprator”][vc_row_inner el_class=”WidthRow”][vc_column_inner width=”1/2″][vc_column_text el_class=”TextStyle”] Your Product liability experts […]