Design Defects, Manufacturing Defects, Marketing Defects and Insurance of Product Liability

Description

This Skill Bit explains product liability insurance, which protects businesses from financial losses due to lawsuits related to injuries or property damage caused by defective products. It covers legal costs stemming from design defects, which are inherent flaws in a product’s design, and manufacturing defects, which occur during production due to errors or quality control failures. Additionally, it addresses marketing defects, resulting from insufficient warnings or instructions, highlighting the importance of comprehensive coverage for businesses.

Duration approx. 5 Min.

Tier: proficiency