Randall L. Goodden's Lawsuit!: Reducing the Risk of Product Liability for PDF

By Randall L. Goodden

ISBN-10: 0470177977

ISBN-13: 9780470177976

Addressing product legal responsibility matters and legislation either within the U.S. and across the world, this booklet is helping brands and engineers advance and enforce proactive techniques which may lessen legal responsibility matters and power court cases. It discusses preventive measures within the engineering, improvement, and production of goods and explains the techniques and procedures brands should have in position to lessen the chance of legal responsibility in addition to to supply the simplest security in case of a lawsuit. it is a most appropriate source for engineers, brands, possibility managers, and others occupied with product legal responsibility.

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Extra resources for Lawsuit!: Reducing the Risk of Product Liability for Manufacturers

Sample text

28 AN INTRODUCTION TO PRODUCTS LIABILITY “Just hitting them with, say, $500 million would have been less than 1 percent of their net worth, which is no big deal,” he says. ” Panish adds that the only difference between his arguments in this case and his other punitive cases was the size of the company. 5 billion from the award if GM would recall the Malibu and other cars with the same fuel tank design. “Our client said, ‘We don’t want this money for ourselves because that’s what the compensatory damages are for,’ ” says Spagnoli.

S. S. S. company would end up covering 100 percent of the loss themselves. This comes as a shock to all the Purchasing departments that maintain supplier files with one-time insurance certificates. Many companies that are more advanced in this area will also require that they be named under “Additionally Insured” (AI) on their supplier’s insurance certificate, but this too has its problems. The purpose of a certificate of insurance is to provide proof 18 AN INTRODUCTION TO PRODUCTS LIABILITY of insurance only.

Allegations rarely involve issues concerning quality control. When the insured has had a prior recall involving the product or a similar product this will be raised as an issue. Products cases are often reported sometime after the actual accident and will take a long time to settle (the tail effect). The insurance carrier initiated new underwriter risk investigative sections that address design, warnings, and instructions: † † † Design. What specific codes does the insured design to? Has any independent testing or evaluations been made to determine if the codes used are appropriate and current?

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Lawsuit!: Reducing the Risk of Product Liability for Manufacturers by Randall L. Goodden


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