Product liability

{
  "id": "MLC-T-INS-002696",
  "term": "Product liability",
  "field": "Insurance and risk management",
  "definition": "The legal responsibility of manufacturers, distributors, and sellers for injuries or damages caused by defective or unsafe products. Product liability insurance protects businesses against claims arising from such defects, covering legal defense costs, settlements, and judgments. Claims can stem from manufacturing flaws, design defects, or inadequate warnings or instructions for use.",
  "subject": "Businessowners Policy",
  "url": "https://mlchart.com/terminology/insurance/product-liability/"
}