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Buy D&O Directors Officers Coverage

By: Jim Kaz Insurance Views: 3479 | Comments: 0 | Votes: 0

Jim Kaz

The group includes public, private and nonprofit companies. One-quarter of public companies and 14% of private/nonprofit organizations said they increased their D&O limits of liability. More

Workers comp assessments 5 times higher for N.Y. state employers.

By: Jim Kaz Business Loans Views: 2633 | Comments: 0 | Votes: 0

Jim Kaz

New York state employers pay nearly five times more in workers compensation insurance premium assessments than the average in other states, according to a Workers’ Compensation Policy Institute report.Most states impose similar surcharges on employers t More

In product liability insurance, what is "Breach of Warranty"?

By: Jim Kaz Business Loans Views: 2442 | Comments: 0 | Votes: 0

Jim Kaz

One of the oldest and widely recognized theory is breach of warranty for which there are two types of claims. One is expressed, the other implied. An expressed warranty makes certain performance claims often found in a number of different sources— your sales and promotional materials, a sales contract, other published data, even in oral representations. More

In product liability insurance, what is Negligence?

By: Jim Kaz Insurance Views: 3382 | Comments: 0 | Votes: 1

Jim Kaz

In order for you to be found "negligent" in the design, manufacture and/or distribution of your product, the following must occur. - First, it must be shown that you had a "duty owed" to another party. Simply marketing your product to a customer is generally all that is needed to demonstrate that duty. - Second, there must be a breach of that duty. No one expects you to be perfect. More