Question

What steps can a design/manufacturing firm take to reduce liability from product liability lawsuits?

What steps can a design/manufacturing firm take to reduce liability from product liability lawsuits?

Homework Answers

Answer #1

Ways to reduce liability are:

  • Carrying out thorough product testing which can help to identify defects in advance and minimize risk of consumer complaint
  • Ensuring safety during design and build stage of product as per federal and industry standards. Also, reviews must be planned periodically to ensure everything is on track as per requirement
  • Purchasing of product liability insurance which covers the company in case of any case or claim against company related to injury due to product
  • Taking opinion for Legal counsel on ways and means to minimize risk related to product liability
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