Author Topic: The path to commercial product  (Read 10520 times)

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Offline Psi

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Re: The path to commercial product
« Reply #25 on: June 17, 2020, 08:32:30 am »
Really?
I have $20M product liability coverage + $20M Public Liability for AU$1280 a year. And this includes covering all my onsite location filming etc.
It was under $1k a year when I only had one lab and just me as the employee.

(Attachment Link)
Does that include any physical products?
Yes, of course, that's the point of it.
If my uCurrent or a multimeter somehow does harm to anyone or anything, then I'm covered.

Unless they can find some obscure regulatory certification the product should have had but didn't and weasel out of paying. Like insurance companies love to do.
« Last Edit: June 17, 2020, 08:34:06 am by Psi »
Greek letter 'Psi' (not Pounds per Square Inch)
 

Online nctnico

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Re: The path to commercial product
« Reply #26 on: June 17, 2020, 01:26:03 pm »
Of course you'd want to have business product liability insurance.
Which will be insanely expensive.

Really?
I have $20M product liability coverage + $20M Public Liability for AU$1280 a year. And this includes covering all my onsite location filming etc.
It was under $1k a year when I only had one lab and just me as the employee.

That seems quite cheap for product reliability; I'd be interested in the terms of it. Can those be found online somewhere? I know it will be tailored to Australian law so it is useless to me but nevertheless I'm curious.

I've been looking for product liability coverage myself but either insurance companies would hang up on me saying they don't insure industrial products OR I got a quotation for an insurance policy which excluded the risks I wanted to insure. In the end I just limited the risk for me in my terms & conditions.
There are small lies, big lies and then there is what is on the screen of your oscilloscope.
 

Offline EEVblog

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Re: The path to commercial product
« Reply #27 on: June 22, 2020, 05:41:29 am »
Of course you'd want to have business product liability insurance.
Which will be insanely expensive.

Really?
I have $20M product liability coverage + $20M Public Liability for AU$1280 a year. And this includes covering all my onsite location filming etc.
It was under $1k a year when I only had one lab and just me as the employee.

That seems quite cheap for product reliability; I'd be interested in the terms of it. Can those be found online somewhere? I know it will be tailored to Australian law so it is useless to me but nevertheless I'm curious.

I've been looking for product liability coverage myself but either insurance companies would hang up on me saying they don't insure industrial products OR I got a quotation for an insurance policy which excluded the risks I wanted to insure. In the end I just limited the risk for me in my terms & conditions.

Some pertinent details in the attached, but it doesn't specifically state the kind of stuff that is covered, it's more general.
https://www.vero.com.au/content/dam/suncorp/insurance/vero/documents/policy-documents/vero-business-insurance-pds.pdf

I just told my insurance guy "I want cover that takes care of product liability in terms of it causing harm to person or property or business etc" and he assured me that it does. And I trust him, he's a friend of mine.
If you want something specific added to a policy then I'd guess that's going to cost you.

I found that when contacted direct most companies wouldn't touch me, or they'd give some absurd quote, as they had no idea what I was doing and didn't want the hassle. This is what insurance brokers are for.
 
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Offline Mr. Scram

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Re: The path to commercial product
« Reply #28 on: June 26, 2020, 09:24:52 pm »
Having an insurer you can trust is an untold luxury. Most would prefer slow torture of their mother over having to pay out. Though usually it's just you who ends up being tortured.
 

Offline Bud

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Re: The path to commercial product
« Reply #29 on: June 26, 2020, 09:33:43 pm »
I get a picture of a multimeter when i click the link

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Online tom66

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Re: The path to commercial product
« Reply #30 on: June 26, 2020, 09:48:47 pm »
Same.  Dave sponsoring Uni-T?   :-DD
 

Offline Bud

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Re: The path to commercial product
« Reply #31 on: June 26, 2020, 10:33:48 pm »
Perhaps it may have to do with the recent problem with the server.
Facebook-free life and Rigol-free shack.
 

Online nctnico

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Re: The path to commercial product
« Reply #32 on: June 26, 2020, 10:37:13 pm »
Perhaps it may have to do with the recent problem with the server.
That could be. Today I've seen wrong attachements pop up in other posts too. The attachement above from Dave has worked correctly.
There are small lies, big lies and then there is what is on the screen of your oscilloscope.
 

Offline Bud

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Re: The path to commercial product
« Reply #33 on: June 26, 2020, 10:57:08 pm »
Weird..I downloaded the attachment and it was the same multimeter picture  :-//
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Offline EEVblog

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Re: The path to commercial product
« Reply #34 on: June 27, 2020, 02:24:45 am »
Wow, yeah, that's weird.  :-//
 


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