A reporter asked about product liability coverage. My reply:

Product liability lawsuits are a primary concern for thousands of US businesses. If McDonald’s can be sued for hot coffee, what chance does a smaller business have?

-Beware of excluded products. Some insurers are gun-shy about certain products and industries – aircraft parts, gun manufacturing, auto parts, boat equipment… Even though you don’t directly manufacture, if you make a part that goes in a widget, which goes in a plane, you may not have coverage.

-Watch your aggregate limits. Liability and umbrella insurance policies have a cap for the total payout under product liability – called a product aggregate limit. Once you use up the limit there is no coverage.

-Get a bigger umbrella. So called, umbrella liability insurance provides additional limits of liability. The current insurance marketplace may mean higher limits at lower price. Get quotes and measure the value of the increased coverage.