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Legal Matters
Legal Compliance
Imported goods must comply with the appropriate code, just like their domestic U.S. counterparts. All goods sold in the United States must comply with local, state and/or federal codes. Some are familiar: for example, food and drug goods and their packaging are controlled by codes. Less commonly known but equally potent are the controls imposed on residential, commercial and industrial equipment. Goods must be listed by the proper testing laboratory and display its seal.
Liability
Anyone in the chain of manufacture, distribution and/or sale of a good has a legal liability exposure. Because of adverse loss experience, difficult and changing legislation and the attitudes of society and courts, many insurers have at times withdrawn from providing this class of insurance, especially with respect to the United States.
This problem has recently modified to some extent and some of the major insurers in Canada are prepared to consider providing protection against this risk. This is an essential consideration when doing business in the United States and needs to be recognized in your company's pricing procedure.
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