Evaluating a product liability program is critical for any business that manufactures products for sale to both businesses and individuals. If the products are consumer goods or play a critical role in another product, the liability program, quality control and product documentation should be considered fundamental to the business. The potential risks associated with defective … Read more
When we think of product liability, our minds often go straight to the manufacturer鈥攖he company behind designing and producing the product. It seems natural that they would be the ones held responsible for issues like design defects, manufacturing defects, or even inadequate warnings. But here鈥檚 where it gets interesting: in several cases, companies that don鈥檛 … Read more
By: Eric AustinRisk Management Expertise Specialist 鈥� Products Liability When an organization produces goods, the hope is that the products are fault-free. However, there may be instances when a product could become dangerous to the public, and it鈥檚 the company鈥檚 responsibility to inform consumers about these risks. This responsibility is referred to as the 鈥渄uty … Read more
By Eric Austin, Risk Management Expertise Specialist In nearly every industry and sector, there is potential for error and unforeseen circumstances. It is critical for businesses that are involved in the selling and distributing of products to implement and maintain a product liability program to reduce their company鈥檚 overall risk. A product liability program is … Read more
Guest Blog Author: Eric Austin (91黑料网 Insurance) When most people think of products liability, their first thought is around whether a product is safe to use. When creating a product, manufacturers typically focus on design standards, product testing, and the risks associated with packaging, such as instructions and warning labels. These elements are crucial to … Read more
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