Crossing Borders Goods cross many borders. Even small brands can find themselves on shelves in different parts of the world and need worldwide liability protection. Brands from foreign nations look to enter and stay in the US Market all the time. The common theme, expansion of markets to sell more product but is your insurance keeping up with your expansion? … Read More
Blog Articles Related To: Contracts
Certificates of Insurance
Certificates of Insurance: Geek Stuff Specialty food and beverage manufacturers, importers and distributors are well aware of the need for the all important “COI”. A company called Acord produces The Certificate of Liability Insurance (technical name) as a standardized form used by the insurance industry. If you really want to geek out the form is the Acord 25 which you … Read More
Additional Insured Vendors
Distributor and retail relationships change all the time. Adding distribution partners to your insurance is common practice. Additional Insured-Vendors is the technical terminology. When ending a vendor relationship, beware of clauses that impact your insurance. After terminating a vendor agreement, does that mean the additional insured status no longer applies? If the distributor/retailer no longer sells your product and you … Read More
Certificate of Insurance
What is a Certificate of Liability Insurance (COI) Obtaining a certificate of liability insurance is often a routine administrative transaction. Because this piece of paper is important a quick turnaround time and accuracy matter. As a result of the administrative nature of these requests there is a real lack of understanding of what impacts a certificate of insurance. A certificate … Read More
Contract Review
Contract-A Good Read Contracts, lovely reading are they not? Not always easy to get through but if you are food and beverage manufacturer using a co-packer, distributor, or direct to retail , here are some things you want to keep in mind when reviewing for insurance purposes. Types of Liability Insurance A key contract item is insurance. This will usually … Read More
Liability Insurance Limits
Why you should know how the liability insurance limits work? The more product you sell the greater the chances of having to deal with contracts. Most, if not all, contracts you will encounter have provisions for insurance coverage. These provisions will stipulate the type of coverage, insurance limits, additional insured status, and perhaps a waiver of subrogation. This post will explain the … Read More
Liability Insurance and Contracts
The last two posts were general explanations of liability insurance. Liability insurance is often required when entering into a contract with a retailer, wholesaler or distributor. Typically the entity with the most clout will require a contract to be signed. The larger and more sophisticated your client the more sophisticated the contract may be. Larger organizations may have a contract management or … Read More