Ever increasing numbers of product liability claims and the cost of product liability defense litigation affect the profitability and insurance premiums of many US concerns. Occasionally, the very existence of firms (manufacturers,distributors or retailers) is threatened because of ignorance or neglect in product liability control. Establishing the necessary risk management controls in this field should be accorded high priority in corporate decision making. Real product liability exposure almost invariably results in litigation based upon three types of legal doctrines: Breach of Warranty, Negligence or Strict Liability in Tort.
"Product Liability Control - A Strategic Management Tool", Proc. SPIE 0111, The Business Side of the Optical Industry III, (14 November 1977); doi: 10.1117/12.955530; https://doi.org/10.1117/12.955530