Product liability insurance protects a business against claims or suits arising from the manufacture or sale of products. The products may be food, machines, medicines or other goods sold to businesses or the public. Product liability insurance covers the manufacturer's or seller's liability for bodily injury or property damage sustained by a third party due to a defect or malfunction of the product. The injured third party may be a buyer or user of the product, or even a bystander. There are three basic types of product liability claims: Manufacturing or Production Flaws Claims alleging that some phase of the production process created a defect in the final product that was unreasonably hazardous.
Current US Poverty Statistics. Income i. ï· The federal poverty line is $11,892 for individuals and $23,836 for a family of four. ï· The official poverty rate is 14.5%, meaning 45.3 million people in the US live in poverty, up by over 8 million since. 2008. An additional 97.3 million (33%) of people living in the United States are low-income, defined as incomes. below twice the federal poverty line, or $47,700 for a family of four.
Texas'-something that should be a source of embarrassment for the home of. Hollywood, the Silicon Valley and the nation's highest marginal income tax rate. As averaged from 2013 to 2015, California had America's 17th-highest poverty rate, 15. percent, according to the U.S. Census Bureau. But, by a newer, more comprehensive Census. accounting, California's true poverty rate is an eye-popping 20.6 percent-the highest in the. nation.