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Your business may be held legally responsible for any injuries to people or damage to property caused by a faulty product. You can be held liable for faulty products even if you did not manufacture them. You may be liable for compensation if: your business's name is on the product.

It starts on a specified date, usually the date of substantial completion, date of occupancy, or receipt of the Title. Usually, the time limit is ten years, but it varies significantly among states. If both parties agree, they can specify an alternate time limit for either statute in their contract.

There are three types of product defects that incur liability in manufacturers and suppliers: Design Defects. Design defects are inherent, as they exist before the product is manufactured. Manufacturing Defects. Manufacturing defects occur during the construction or production of the item. Defects in marketing.

Twenty-three states have adopted a statute of repose for product liability claims. Most statutes vary between 10 and 12 years. However, Kentucky has a presumption of non- defectiveness if the loss occurs five years after the sale to the consumer or eight years after the product was first manufactured.

To establish a product liability claim on the grounds of negligence, the plaintiff must demonstrate that the manufacturer owed a duty of care to the consumer, which was breached, resulting in harm.

There is no statute of repose in Kentucky.

Product liability property damages claims allow for compensation for the loss of use as well as the difference between the fair market value before and immediately after the damage. Incidental and consequential damages may also be recovered.

Twenty-three states have adopted a statute of repose for product liability claims. Most statutes vary between 10 and 12 years. However, Kentucky has a presumption of non- defectiveness if the loss occurs five years after the sale to the consumer or eight years after the product was first manufactured.

Strict liability holds the manufacturer responsible for damages any time a defective product causes an injury. Breach of warranty refers to when a seller fails to uphold a promise or claim made about a product. Manufacturers may have warranties that are implied or express.