Problem

Prohibitive cost of product liability protection

Nature:

The producer, importer or supplier of a product passes on to the consumer the high cost of protecting himself against litigation for damage cause by a defective product. Legal costs include insurance and fees for lawyers. In the USA, awards by courts for injury has risen at an exorbitant rate. Defensive measures increase the cost of a product. Additional and unnecessary medical tests might be conducted to protect against medical malpractice suits. Industries may be made internationally uncompetitive because of these increased costs.

Aggravates:
Inadequate defence
Subject(s):
Commerce Purchasing, supplying
Industry Products
Societal Problems Protection
Related UN Sustainable Development Goals:
GOAL 12: Responsible Consumption and Production
Problem Type:
E: Emanations of other problems
Date of last update
13.08.2019 – 16:56 CEST