Payment for injury or damage that occurs during the use of a business's products is referred to as _____.

Question

Quizplus · Accepted Answer

Product liability refers to the legal responsibility of a business for any injury or damage caused by using its products. This includes compensation for medical bills, lost wages, and pain and suffering. It is important for businesses to have product liability insurance to protect themselves from such claims. Professional immunity and product immunity are not commonly-used legal terms in this context, and personal liability refers to an individual's responsibility for their own actions or debts, not related to a business's products.

Payment for Injury or Damage That Occurs During the Use