PRODUCT LIABILITY LAWSUIT

It is important for a company to purchase product liability insurance in order to protect their financial resources in the event that a personal injury product liability lawsuit is filed against them. An injured person can claim in a product liability lawsuit that the product was defectively designed.

An injured person can claim in a product liability lawsuit that the product did not have a proper or adequate warning. The probability of a manufacturers’ representative being named in a product liability lawsuit is small. The probability of a judgment being rendered against a manufacturers’ representative in a product liability lawsuit is even smaller.

Consider the probability that you will be named in a product liability lawsuit and the expected result. Then compare those numbers with the cost of carrying product liability insurance.

The product liability lawsuit is the consumer's most effective weapon against unreasonably dangerous products. Government regulations on manufacturers that produce dangerous products often lack teeth and offer little more than a wrist slap. A product liability lawsuit also generates incentive for manufacturers to produce safer products.