Owning a business in Georgia comes with its share of responsibility. The last thing you want is for a customer to be injured by a product that you sold them. This is the kind of mishap that can quickly put a store owner out of business. It will be up to you to do all that you can to avoid this kind of tragic mishap.
Product liability lawsuits can damage your business
The prospect of product defects causing injuries is one that every business owner needs to be wary of. Lawsuits filed by the victims of this type of injury can target product manufacturers, designers, distributors, wholesalers, and retailers. This is a long list of potentially liable people, starting from the top. The list ends with the most visible target, yourself.
This is the kind of suit that can prove to be a very fast and effective drain on your resources. Defending your business against a product liability suit can cost you a huge amount of time, energy, and money. Even if you somehow manage to outlast the claim, you may be so far in the red that bankruptcy is on the table.
More people than ever can file a suit
It was formerly true that a product liability lawsuit could only be filed by the person who actually bought the product. As of 2022, this is no longer the case. These days, more than a few third parties can also file a suit.
Take the example of someone who was injured in a car accident due to a pair of faulty brakes. After the crash, the injured party may be able to name the designer or maker of the car in a lawsuit. The definition and scope of liability cases can be quite broad.