Tuesday, January 31st, 2017 — When it comes to product liability claims, dont “put the blame on me” if its not my fault; put it on the person or company that deserves it. Product liability claims present an important opportunity to consider shifting risk by way of a tender. This is because, oftentimes, there are other entities that may be legally responsible for a claim or loss, but frequently opportunities are missed to make those parties accept their obligations. So before engaging in an analysis of whether to settle or fight a claim or lawsuit, an important claims resolution strategy should include a consideration of whether the risk can be shifted to another entity.
Strategies For Defense And Indemnity Tenders In Product Liability Claims
When it comes to product liability claims, dont “put the blame on me” if its not my fault; put it on the person or company that deserves it. Product liability claims present an important opportunity to consider shifting risk by way of a tender.