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.
Most Americans will spend at least one year below the poverty line at some point between ages 25 and 75. Poverty rates are persistently higher in rural and inner city parts of the country as compared to suburban areas. In 2009, 13.2% (39.8 million) Americans lived in poverty. Starting in the 1930s, relative poverty rates have consistently exceeded those of other wealthy nations. California has a poverty rate of 23.8%, the highest of any state in the country. This is updated from the November 2012 estimate of 23.6. In 2009 the number of people who were in poverty was approaching 1960s levels that led to the national War on Poverty.