Sunday, December 09, 2018

Delaware Business Insurance Update from CNC Insurance Associates, "3D Printers Make Everyone a Manufacturer !", 12-9-18

A fascinating risk and insurance problem is developing with the increase usage of 3D printers. These printers are used quite frequently in manufacturing firms. However as these marvels are becoming easier to afford, non manufacturing businesses are buying them. This opens up a slew of risk and insurance problems for business owners. For example if the boss buys a 3D printer for the office so they can make decorative desk items, this business is now manufacturing.  Do the products being made already have a copyright on them?  Does this open up the business to increase liability? Are these decorative items being taken home by employees? Do small children have access to them?
As you can see, a simple "printing" of a fun desk item creates all the risk and insurance issues manufacturers deal with all the time.
Now I am not trying to take all the fun out of using these printers. You can really make some cool stuff. However the reality is that 3D printers could very well increase your liabilities. So before you buy or use them make sure you understand, your are manufacturing!  Until next time be careful out there and know your risks.

G. Kevin Nemith, President CNC Insurance Associates/ The Hilb Group