Product liability is an increasingly complex area that poses significant challenges to corporate risk managers, policy makers, business advisors, and even consumers. In the past decade, national headlines have highlighted the unprecedented number of liability claims and extensive social upheaval from products that pose serious unintended consequences for workers, consumers, and the environment. Given the potential financial losses from a potential product liability, the business stakes are high, especially in the global economy. Product Liability presents business and policy advisory perspectives regarding a number of important issues that emerge from current and ever-changing legal and global market conditions. This book helps the reader navigate the complex web of risks and opportunities and offers strategies that minimize product liability under a range of regulatory and legal regimes.