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Product liability insurance is the most essential factor to consider especially if you are in the business of producing or manufacturing products. This particular law is meant for distributors and suppliers who produce products on a large scale. It is also meant to protect the consumers from any injuries caused due to the product use. Several manufacturers fail to realize the importance of appointing a product liability attorney. The eventual result is lawsuits worth thousands of dollars. It not only affects the reputation of your firm but also cripples your organization financially.
A product liability attorney protects your business financially and provides you with valuable advice pertaining to different lawsuits.
How a Product Liability Attorney can help you?
Contrary to popular belief, availing the services of a product liability attorney is not an unnecessary expenditure. It will in fact help your business in the long run. Following are some fields in which a product liability advocate can help you.
Negligence on your part
Negligence is a major reason for which a customer might file a lawsuit against the manufacturing company. Any individual in the department of design and manufacturing is supposed to deliver a safe and reliable product. Failure to deliver a safe product might cause grave injuries to customers. The manufacturer will be held responsible during such an incident. Your attorney will provide valuable advice on how to proceed with the entire procedure. He/she will also advice you to get your organization insured with a product liability insurance policy.
Strict Liability
A manufacturing company is held responsible when it acts unreasonably. The company is held responsible whenever the defective product causes grave injuries, irrespective of the fault or intent of the company. Such a lawsuit can damage the financial status of the company. A product liability attorney comes in handy while dealing with such a crisis like situation.
Violation of Warranty
You will also be held liable if your manufacturing company fails to fulfill the promise or guarantee given to the customers. For instance, if your product has defects in spite of assurance then you are held responsible.