AVR-Chat

John Samperi wrote:

>>Product liability Insurance covers defective products that you sell,
> 
> 
> The ABBI website (SA) points out the if the defect is a result
> of an incorrect formula (bad design?) then you are no longer
> covered by Public or Product liability it seems. 

That is the Professional "opinion" aspect of the operation hence PI insurance.

> And another
> very interesting thing, if you buy your parts from an Australian
> distributor then the insurance will pursue them if a fault
> causing damage or death occurs, HOWEVER if you bring in the
> parts in yourself i.i. Internet purchase then you are deemed to
> be the manufacture and the liability stays with you!

That is a very interesting point of which I wasn't aware. Makes buying Newark 
via Farkinell (oops Freudian slip ) more appealing than Digikey when the 
opportunity is available.

> 
>>Professional Indemnity covers the opinions and advice that you give in a
>>Professional capacity.
> 
> So what covers an incorrect design? A power miscalculation for a power
> resistor could cause a fire, is there anything that will cover a genuine
> mistake?
I don't know but I suspect that there is No such thing. After all Lawyers and 
Accountants don't make them, do they ;-) I would suspect that a genuine mistake 
would translate to a 'failure to adequately inspect' at the end of the process 
but I do know what you mean.

>>APESMA has a deal with CGU, it provided PI/PL at 50% the price
> 
> Interesting stuff on their website. ~$500.00 a year membership??
> I guess it's alright if they save you that much in insurance.
> Public liability insurance does not have a hyper link like other
> insurances.

Between Insurance, car rental, and accommodation it has paid for itself many 
many times over.  The good thing re car rental is that it reduces the $3K excess 
to $700 ( Or $100 for $15 fee ) as well as a direct car discount.

Speaking of Accommodation, are you going to the SMCBA conference at the Show 
grounds this year?

-- 
Cheers

Don Ingram