Working with large retailers and distributors is going to become more expensive for manufacturers and product suppliers. In the good old days (3-5 years ago) $1,000,000 of per occurrence coverage for products liability (completed operations) was adequate for all but a very few retailers/distributors. In the past year we have seen per occurrence requirements ranging from a low of $1,000,000, to $5,000,000 or $10,000,000. A few large retailers even require $20,000,000 of aggregate coverage for certain classes of business including ladders.

Read the rest of this entry »