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Product Liability Claims: Limiting Your Risk for Used Equipment Sales (Part 2)

Product liability claims can be devastating.  Products liability claims are generally defined as claims for personal injury or property damage caused by equipment.  The legal theories for which a selling dealer may be liable can range from strict liability to negligence to breach of warranty.  Selling used equipment carries additional risk just based upon the […]

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Product Liability Claims: Limiting Your Risk for Used Equipment Sales (Part 1)

Product liability claims can be devastating.  When people are injured by equipment or the equipment causes damage to property, millions of dollars can be at stake.  This is a recurring issue and all dealers pay for these claims either through direct exposure or increased insurance premiums.  Although not all risk can be eliminated, there are […]

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