One of a manufacturer's greatest worries is an unexpected
call about an accident and injuries involving its product. When
product liability claims arise, they require a calm and quick
assessment of legal liability, corporate reputation and insurance
coverage.
This article offers some considerations for manufacturers and
distributors and some practical suggestions for managing and
avoiding expensive and reputation or relationship damaging product
liability claims. Knowing your potential exposure to liability and
having a plan to deal with product liability claims before they
arise will help preserve your company's reputation and minimize
the costs associated with a claim.
Sources for Potential Liability: An Overview
