3 Areas of Liability in Manufacturing
If you operate a manufacturing facility, you probably carry a manufacturer’s insurance policy. However, if you are careful, your policy may have exclusions or gaps that don’t cover some of the biggest areas of liability your company might face. One of these crucial areas is product liability. The group at https://www.dsayles.com cautions that financial costs associated with resolving claims concerning product liabilities are only a part of the challenges for a company. Trying to repair your company’s reputation can be costly, and it can take years to return to good standing in the industry.
The liabilities with a company product can occur at any stage of development, making it crucial for the company to continually demonstrate a commitment to safety. There are three primary areas of product liability facing manufacturing companies.