How Directors and Officers Can Rein in Product Liability Risks
Managing product liability risks resulting in directors and officers (D&O) exposures can be challenging for global organizations. The chain of events leading to a D&O claim — from initial product development and subsequent recall to how the organization responds to whistleblowers and investigations — can result in immediate revenue and reputational losses.
Historically, global manufacturers and biopharmaceutical companies were particularly at risk. But recent product recalls highlight that the exposure is not limited to these two groups.
In “How Directors and Officers Can Rein in Product Liability Risks,” we:
- Provide an overview of product recall exposures for directors and officers.
- Cover steps to take following a product liability issue that could lead to D&O claims.
- Discuss the applicability of insurance such as D&O coverage.