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Insurance Definition: PRODUCT LIABILITY

By Compuquotes Team on March 27th, 2008

PRODUCT LIABILITY:

Definition:

  • A section of tort law that determines who may sue and who may be sued for damages when a defective product injures someone. No uniform federal laws guide manufacturer's liability, but under strict liability, the injured party can hold the manufacturer responsible for damages without the need to prove negligence or fault.

Information provided by Insurance Information Institute

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