Protect Your Company: Understand Product Liability, Indemnity and Insurance
By Leslie MarellReprinted from April 2017, Agency Sales magazine
My client, an independent sales representative, was named as a defendant in a product liability lawsuit. Admittedly, that’s not the norm, but this article should serve as a cautionary tale to consider issues of product liability, indemnity and insurance when negotiating contracts with your principals.
My client’s rep firm represents manufacturers of commercial office and restaurant furniture. Not particularly dangerous stuff, right?
Her firm solicited an order from a restaurant for the sale of bistro chairs and tables. Five years after the restaurant received the furniture, a restaurant patron took a seat on … Read the rest