Products Liability Exposure to Tire Industry
When it is alleged that a defective tire potentially in an accident, the claimant can file a personal injury claim against the manufacturer, the distributor or the seller of the tire.
In many states it may be legally assumed that not in the best position to know what caused a tire defect. It could have been a product design flaw, a manufacturing problem, or occurred somewhere down the line before the tire was sold. Product liability lawsuits can allow the plaintiff to file a claim without having to show that any one defendant was negligent.
Recent Judgments in the news
The plaintiff does not even have to show who was responsible for the defect, only that the tire was defective and caused the accident however they can sue for damages including medical bills, lost wages, and pain and suffering.
- PHILADELPHIA, PA, A series of legal settlements with tire companies and additional corporate defendants, plus a combined $11.7 million verdict for compensatory damages and interest.
- RICHMOND, VA, A federal jury awarded $37.8 million to a former truck driver injured in a devastating crash of a concrete mixer truck, one of the largest personal injury jury verdicts ever in the state of Virginia.
- HOUSTON TX., A Texas jury awarded a $33 million verdict last week against national tire manufacture in a civil case alleging a defective truck tire led to a fatal crash in June 2013.
Whether you are a manufacturer, distributor or retailer you are exposed to these types of lawsuits.
At Jordan and Jordan, we have exclusive custom Product Liability Insurance program for the tire and retread industry. We call it the Jordan and Jordan Advantage.
We would like to extend to you a no cost basic risk assessment and insurance review
Please do not hesitate to call for a no obligation assessment of current your Product Liability exposure and current policy limits.