1. World problems
  2. Prohibitive cost of product liability protection

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.

Claim

There is a theory of product liability in which the misuse of a product, even when it is not defective, becomes the pretext for a damage claim. Items manufactured in compliance with every safety law, accompanied by careful warnings against misuse, nonetheless become subjects of litigation.

Broader

Aggravated by

Related

Strategy

Value

Protection
Yet to rate
Prohibition
Yet to rate
Liability
Yet to rate
Costliness
Yet to rate

Reference

SDG

Sustainable Development Goal #12: Responsible Consumption and Production

Metadata

Database
World problems
Type
(E) Emanations of other problems
Subject
  • Commerce » Purchasing, supplying
  • Industry » Products
  • Societal problems » Protection
  • Content quality
    Presentable
     Presentable
    Language
    English
    Last update
    Oct 4, 2020