What truly makes this product so critical is the exposure of strict liability. Which means liability in the absence of negligence. Courts began to apply the concept of strict liability to products in the 1960’s determining that the costs of injuries from defective products should be borne by the companies responsible for the defects, not by the injured users. Meaning plaintiffs can file a suit much more easily and be awarded punitive damages. Without this coverage properly in place, you’ll be having to spend precious time resources settling this issue, and even if you settle the damages could be enough to put your business out of operations.