Posts In Category "Liability Insurance"
Why Firearm Manufacturers Need Quality Insurance
Every year, firearm manufacturers all across the country create thousands of pistols, revolvers, rifles, shotguns, and more. In fact, between 1986 and 2013, the Bureau of Alcohol, Tobacco, Firearms, and Explosives, better known as ATF, reported that the firearm industry manufactured more than 10 million firearms total. While the firearm industry has obviously transformed into […]
Why You Need Business Insurance for Certain Contracts
Did you know that some business contracts require you to have business insurance? It’s true. From signing a lease for your new location to landing a big client, many other companies and entities will require you to have some form of insurance before they agree to do business with you. Read on to learn more: […]
The 3 Types of Product Liability Claims
As a firearms manufacturer or distributor, there is always the risk of someone filing a product liability claim against you. However, the type of claim that is filed will depend on the situation and the person(s) involved. In general, there are three types of product liability claims that you should be aware of: Defective design […]
What You Should Know About Product Liability and Firearms
If your business owns, sells, and/or manufactures firearms, then you automatically run the risk of being sued for product liability or negligence. No matter how careful you are, there is always the chance of something going wrong, causing a consumer to take legal action against you as a result. This is why you should always […]
Liability Insurance Myths That Businesses Should Ignore
If your business is on the smaller side, you might not think that you need to have liability insurance. You’re not providing products or services to that many customers just yet, so there’s no need to invest in liability insurance, right? Wrong. No matter what size your business is, you should have liability insurance. This […]
Product Liability Vs. General Liability Insurance
If you own a business that specializes in selling firearms or firearm accessories, you’re probably well aware of the importance of having an insurance policy in place. However, you might not know exactly which insurance policy you need to obtain to protect your company from claims filed by your customers. More specifically, you might be […]
A Brief Guide to Insurance for Gunsmiths
Gunsmiths are some of the most trusted people within the firearms industry. They’re in charge of repairing, modifying, engraving, and altering firearms that are brought to them by gun owners. Gun owners trust gunsmiths to fix their firearms up for them and return them as good as new. However, accidents can and sometimes do happen […]
Why Firearm Importers Should Know the Rules of Liability Insurance
Do you own a company that specializes in importing firearms into the U.S.? You might be under the impression that the manufacturer of those firearms will share some liability if you’re ever forced to face a product liability claim over them. Many foreign firearm manufacturers have a product liability policy in place, which leads U.S. […]
The Variables That Affect How Much Your Business Pays for General Liability Insurance
General liability insurance is a type of insurance that all small businesses should have, especially if you’re a part of the firearms industry. It’ll protect you in the event of an accident that takes place on your property. You won’t have to worry about shelling out thousands or even millions of dollars for medical bills […]
Types of Product Liability Claims For Defective Products
Defective product liability claims are an important concern for any business that is involved in the manufacture or sale of goods, including those involving firearms. Businesses need adequate product liability insurance to protect against these types of claims for defective products. Responsible businesses make a dedicated effort to test products before introducing them to the […]