What is the Definition of Product Liability?

What is the Definition of Product Liability?

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.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Annuity?

What is the Definition of Product Liability?

You can find random definition and meaning of insurance terms below:


What is the meaning of Non-standard carrier

An auto insurance provider with underwriting standards that accept high-risk drivers.


What is the meaning of Occasional driver

A driver who is not the usual or most frequent driver of the vehicle listed on an auto policy.


What is the meaning of Occupancy

Number of people living in the property.


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