Product liability comprises a number of laws and court rulings that apply to any business that makes or sells a product. Businesses that make or sell products are responsible for ensuring that those ...

In very simple terms, product liability holds a person or company legally and financially liable for harm that is caused when their product is defective. In the U.S. in 2020, nearly 11 million people ...

Christy Bieber has a JD from UCLA School of Law and began her career as a college instructor and textbook author. She has been writing full time for over a decade with a focus on making financial and ...

Given the significant costs associated with litigating product liability claims, product manufacturers should expend time and resources to reduce product liability risks and react quickly to product ...

Product liability insurance can help protect your business if a product you make or distribute hurts someone. Many, or all, of the products featured on this page are from our advertising partners who ...

AI-Based Technologies and Products Liability Law An influx of cases asserting product-type claims—grounded in the use of AI tools and “defects” in their development—is changing how these technologies ...

April 11, 2025 - Patrick Reilly, Eldin Hasic and Nikolas Spilson of Faegre Drinker discuss the European Union's new product liability directive, which makes substantive changes that impact ...

In 1977 Esther Kociemba began wearing the "Cu-7," a copper intrauterine contraceptive device (IUD) manufactured by G.D. Searle & Co. A year and a half later, hoping to become pregnant, she removed the ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Thomas J Catalano is a CFP and Registered ...

Christy Bieber has a JD from UCLA School of Law and began her career as a college instructor and textbook author. She has been writing full time for over a decade with a focus on making financial and ...