Product Liability: You’re More Exposed Than You Think

Though the product liability crisis has fallen off the front pages, the problem has not gone away. Lower insurance rates, anticipated by liability law reforms, have seldom materialized. Liability insurance premiums remain a tremendous burden for businesses in many industries. Legislation aimed at limiting liability, enacted just last year, has been declared unconstitutional. Moreover, some U.S. courts are moving toward standards that will actually increase liability, even for businesses not at fault under the traditional legal doctrines.