Veracity Blog

The Endgame: Disclaimers vs. Product Liability Insurance

As we have been reading through forums helping people understand product liability insurance, we have noticed that many people think that all they need is a disclaimer if they make a product. Sure, adding a disclaimer is important to warn customers of dangers when using a product, but disclaimers merely contribute to a legal case […]

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When Am I The Manufacturer?

We are often asked, “Why am I classified as the manufacturer when I don’t manufacture anything?”  The simple answer is that you may be the only person in the U.S. that is legally liable for damages caused by the product. If you import any products or ingredients from a foreign country, then you will be […]

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The Complexities of Home Builders Insurance

With the insurance industry becoming increasingly specialized, placing certain types of businesses can be difficult. One industry that is notorious for being more of a challenge is the home builders industry. With the economy back on the rise, this class of insurance has seen tremendous growth within the past several months and looks like it […]

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Excess Liability Coverage: Is it necessary?

Most businesses carry a general liability policy with limits up to one million dollars. While this amount may appear to be sufficient, in our litigious society it can become insignificant very quickly.  It is not uncommon for the courts to hand out multi-million dollar judgments for bodily injury claims.  Settlements and other expenses related to […]

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What to Know When Buying Beauty Product and Cosmetics Liability Insurance

At Veracity Insurance Solutions, we often hear our clients say how overwhelmed they feel when trying to select an insurance provider for beauty or cosmetic products liability. While this type of insurance is a little more complicated than your typical product liability policy, with a provider who specializes in this industry the process is easier. […]

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Cyber Liability: Your Data Is In Danger

This past year, several large companies including Linkedin, Zappos, LivingSocial, eHarmony and Yahoo! all became victims of cyberattacks resulting in the loss of millions of dollars. Maybe even more importantly, the cyberattacks also meant that millions of people had their private information stolen. While one might think that it’s only the large companies that are […]

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Outdoor Recreation is Risky Business

More and more people are trying to live healthier and become more active. Many activities that individuals and families are engaging in are being enjoyed in the great outdoors. Activities that continue to grow each year include zip lines tours, challenge courses, climbing walls, and other guided tours such as hiking, mountain biking, mountain climbing, […]

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What Types of Insurance Do Contractors Need?

Artisan, general, and specialty contractors have seen dramatic changes within their industry over the past 10 years.  Our litigious society has affected contractors through legislation, unreasonable contractual obligations, and construction defect claims.  It is now more important than ever for contractors to purchase insurance specifically designed for their industry. Working in the construction trade creates […]

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Pollution Insurance: Manufacturer’s Environmental

Contrary to popular belief, Oil and Gas, Nuclear, and Contractors companies are not the only industries that are exposed to a potential pollution claim.  Manufacturers also have a significant exposure to Pollution Claims. Most, if not all, standard insurance policies include an absolute pollution exclusion.  This exclusion removes coverage for bodily injury or property damage […]

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