Niche brokers and carriers filling a void in a high-risk industry
As more and more states legalize marijuana for recreations and medicinal purposes, we see legitimate cannabis-based businesses popping up. These are both brick-and-mortar establishments and on-line operations. Of course, just like...Read the full story here:
https://www.products-liability-insurance.com/cannabis-industry-insurance/
This insurance article was posted at Products-Liability-Insurance.com
Marijuana Liability:
What happens when you don’t follow the rules
Apparently many of the parties involved in selling and distributing faulty eclipse glasses and fidget spinners didn’t follow the 5 Risk Management Steps to Prevent Product Liability Claims. Being in a rush to cash in on suddenly wildly popular items...Read the full story here:
https://www.products-liability-insurance.com/recalls-eclipse-glasses-fidget-spinners/
This insurance article was posted at Products-Liability-Insurance.com
ChildrensProducts, Foreign Products Liability, Product liability, Product Recall:
Vaping industry and consumers feel the burn of court rulings
We’ve followed the debate about the pros and cons of e-cigarettes for quite some time now. Two courts recently weighed in on the side of those against vaping. Maybe the courts recognized concerns raised in several studies about...Read the full story here:
https://www.products-liability-insurance.com/fda-vaping-industry/
This insurance article was posted at Products-Liability-Insurance.com
Ecigarettes:
Source: sadlerco.com - What Should You Do If You’re a Victim of a Ransomware Attack?
Author: John M. Sadler
We all fear the blue screen of death signaling a fatal system error. Operating computers can be frustrating at the best of times, but we’re sunk when they don’t work at all.
The only thing more crippling is booting up your computer only to see a skull projected on the monitor pronouncing your files were hijacked for ransom. So in addition to not being able to access your files, you also have a huge financial problem to contend with.
Yes, you’re allowed to take a few minutes to panic if this happens to you.
The ransom warning on your screen informs you that your files can only be released using a decryption key. This key, which is stored on a secret server, will be automatically deleted if you don’t pay the ransom within the timeframe indicated.
The malware holding your files hostage may have found its way to you in an email attachment. Or, it could have been embedded in an image or file you clicked on. Or maybe you downloaded it with a document or program from a less than trustworthy source. However it got there, the code encrypted your data and has the ability to corrupt or destroy it if you don’t make timely payment.
Don’t think this can’t happen to you. Insurers report a 300% increase in ransomware attacks from 2015 to 2016, and they’re expected to double in 2017.
One of your first questions will be, “What if I pay but my files aren’t released?” That probably won’t happen.
History shows that hackers do restore the data once the ransom is paid. Why? Because hackers are smart enough realize that if they don’t release the data then future victims have no motivation to pay.
Economics will probably drive the answer to your question of whether to pay or not. The cost over time of employing other options to restore your data will likely be much more than the ransom the hijackers are demanding.
Ransomware attacks began taking place in the 1980s. Hackers typically demanded payment by credit card and used that information to go on a spending sprees. A few years later, some hijackers began demanding payment in the form of iTunes gift cards. Today it’s not unusual for them to demand payment in bitcoin, a digital currency used independently of the banking system.
A fairly new extortion tactic is to demand the victim’s cache of email contacts. The criminals will only release the files if two or more of the contacts respond by paying the ransom.
Criminals sometimes go a step further by capturing confidential or personally compromising files, which they threaten to release publicly if payment isn’t made.
Cyber criminals always seem to be one step ahead of the rest of us, so there’s no failsafe method of preventing a cyber attack. But there are steps you can take to minimize your risk.
My last tip is that you buy cyber insurance. The prices for Cyber Risk insurance have dropped dramatically. We offer a Cyber Risk policy with a $1,000,000 limit for cyber extortion for as little as $750. It’s fast and easy to get a quote: it only takes a few minutes for you to provide the necessary information and we can provide a quote within an hour! Call us at 800-622-7370 and ask for our commercial department.
Company penalized $4.64M for allegations of failure to report
Apparently not everyone is familiar with the adage that ignoring a problem won’t make it go away. And when you’re talking about product safety, ignoring a problem not only won’t make it go away, it can cost you big time.
Viking Range...Read the full story here:
https://www.products-liability-insurance.com/reporting-product-safety-issues/
This insurance article was posted at Products-Liability-Insurance.com
Product liability:
Wrestling with the increased exposure that comes with automation
Everybody knows that advancements in technology can lead to great benefits, such as efficiency, access to information, improved health, and safety. But these same advancements can also open up greater product liability concerns for...Read the full story here:
https://www.products-liability-insurance.com/technology-outpaces-product-liability-laws/
This insurance article was posted at Products-Liability-Insurance.com
Product liability:
Changes are inevitable in product liability laws and standards
Some time ago I addressed several interesting points in “3D Printers Will Change the World as We Know It.” At the time, the biggest risk being predicted was whether manufacturers would be able protect intellectual property rights...Read the full story here:
https://www.products-liability-insurance.com/product-liability-3d-printing/
This insurance article was posted at Products-Liability-Insurance.com
Foreseeable Misuse, Product liability:
The trend in injuries is cause for concern
There is good news and bad for the first quarter of 2017 with regard to product liability.
Stericycle ExpertSolutions reported a decrease in the number of product recalls, down from the last quarter of 2016. Unfortunately, that period saw more...Read the full story here:
https://www.products-liability-insurance.com/upward-trend-product-injuries/
This insurance article was posted at Products-Liability-Insurance.com
ChildrensProducts, Dietary Supplements and Nutraceuticals, Product liability:
Ensuring a proper investigation based on the facts
A product liability claim can ruin your business and your reputation. Whether you, as the manufacturer, are at fault, simply having to defend against claims can be financially devastating.
The widespread and growing use of social media for...Read the full story here:
https://www.products-liability-insurance.com/manufacturers-and-product-liability-claims/
This insurance article was posted at Products-Liability-Insurance.com
Product liability:
The surprising impact of undeclared allergens
We’ve posted articles on food products safety in the past, but never discussed the danger of food allergens. Or, more specifically undeclared food allergens. I’ve always said the danger isn’t so much what’s on the label, but what’s NOT on the...Read the full story here:
https://www.products-liability-insurance.com/food-product-recalls/
This insurance article was posted at Products-Liability-Insurance.com
Food Products:
Most incidents involve nursery products
Many of our clients and potential clients manufacture, supply or sell children’s products. As I tell them all, children’s products are the most unique category of products on the market and typically more difficult to insure.
The reason is the number of...Read the full story here:
https://www.products-liability-insurance.com/product-liability-childrens-products/
This insurance article was posted at Products-Liability-Insurance.com
ChildrensProducts, Claims Made:
When a product poses a “substantial hazard”
Every U.S. manufacturer, importer, distributor, and retailer of consumer products are obligated to report potential product defects to the U.S. Consumer Products Safety Commission. This doesn’t necessarily result in a CPSC-ordered recall of the product...Read the full story here:
https://www.products-liability-insurance.com/substantial-hazard/
This insurance article was posted at Products-Liability-Insurance.com
Children"s Products, Dietary Supplements and Nutraceuticals, E-cigarettes, Food Products, Medical Products:
Multiple defendants accused of negligence and manufacturing defects
Robots are programmed to do anything a human can – except lie. Fortunately, computerized robots have a memory that can be accessed for information when things go wrong.
And in 2015, things went very wrong with a Ventra Ionia...Read the full story here:
https://www.products-liability-insurance.com/robot-involved-product-liability-lawsuit/
This insurance article was posted at Products-Liability-Insurance.com
Product liability:
Technology is outpacing the legal system
I’ve posted several articles in the last few years about the future of 3-D printing, but it seems the future is already here. The healthcare and aerospace industries are currently the two main making use of 3-D printing, but the automobile, electronics...Read the full story here:
https://www.products-liability-insurance.com/4372-2/
This insurance article was posted at Products-Liability-Insurance.com
Product liability:
Getting to the heart of the matter
The FDA has issued a warning about potential cyber risks related to certain cardiac devices. The warning concerned implantable devices and transmitters that monitor and communicate data directly from patients to the doctors.
The FDA has not received reports of...Read the full story here:
https://www.products-liability-insurance.com/cybersecurity-medical-devices/
This insurance article was posted at Products-Liability-Insurance.com
Medical Products:
What’s at risk in surname trademarks
Entrepreneurship is booming and with it come new products on the market every day. It’s easy to understand why anyone who spent so much time, effort and money creating a product would want their trademarked name emblazoned on it (Ex. Zamboni, Miller Beer)....Read the full story here:
https://www.products-liability-insurance.com/trademark-name-product/
This insurance article was posted at Products-Liability-Insurance.com
Intellectual Property, Start-Up Business:
A safer alternative to tobacco, despite toxic chemicals in e-cig liquids
A recent study suggest that some e-cigarette liquids contain high levels of toxic metal, some of which could cause cancer.
Five brands of first generation e-cig liquids were analyzed by researchers at the Johns Hopkins...Read the full story here:
https://www.products-liability-insurance.com/e-cig-safety/
This insurance article was posted at Products-Liability-Insurance.com
E-cigarettes:
CPSC’s efforts in reducing risks of suffocation and falls
I have many clients in the children’s products industry. There are several reasons why this is the most unique category of products in the marketplace, not the least of which is the safety of the consumer. It’s important to understand...Read the full story here:
https://www.products-liability-insurance.com/safety-baby-slings/
This insurance article was posted at Products-Liability-Insurance.com
Children"s Products:
Acting quickly can fend off product liability claims
In 2015, USDA recalled approximately 150 food products. The CPSC averages one recall every day. But mandatory food recalls are rare; most recalls originate with the company that produces the food product. The CDC and other reporting systems...Read the full story here:
https://www.products-liability-insurance.com/5-steps-involved-food-recall/
This insurance article was posted at Products-Liability-Insurance.com
Food Products, Product Recall:
It’s not just for food and drugs
Many of my current and potential clients are entrepreneurs marketing cosmetics, foods, dietary supplements and other products they’ve created for human and pet use and consumption. When discussing their insurance needs, I often get questions regarding FDA...Read the full story here:
https://www.products-liability-insurance.com/which-products-need-fda-approval/
This insurance article was posted at Products-Liability-Insurance.com
Dietary Supplements and Nutraceuticals, E-cigarettes, Food Products, Medical Products, Product liability, Start-Up Business:
Potential pitfalls in an evolving industry
The use and distribution of medical and/or recreational marijuana are now legal in 29 states and the District of Columbia. We’ve already written several articles on the growth and risks involved in the evolving U.S. marijuana industry. But since...Read the full story here:
https://www.products-liability-insurance.com/7-areas-ripe-marijuana-litigation/
This insurance article was posted at Products-Liability-Insurance.com
Marijuana Liability:
Misuse, intentional or otherwise, could lead to liability issues
Drones are everywhere now and you’ll be seeing even more of them in the years to come. While still popular with hobby enthusiasts, they’re gaining even more ground in commercial markets, where we could see 2.7 million in use by...Read the full story here:
https://www.products-liability-insurance.com/8-product-liability-risk-factors-drone-use/
This insurance article was posted at Products-Liability-Insurance.com
General Liability, Product liability: drones, Product liability
Horizon looks bright for nanotech’s biosensor product
US Nano’s newly patented nano-biosensors are ready for the final test before the company moves in the sales phase.
The Sarasota-based company’s biosensors are made up of miniscule inks composed of nano-materials and nano-wires that can be prin...Read the full story here:
https://www.products-liability-insurance.com/small-business-sees-big-business-in-its-future/
This insurance article was posted at Products-Liability-Insurance.com
Nano Technology:
