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.
The nation's official poverty rate in 2010 was 15.1 percent, up from 14.3 percent in 2009 â the third consecutive annual increase in the poverty rate. There were 46.2 million people in poverty in 2010, up from 43.6 million in 2009 â the fourth consecutive annual increase and the largest number in the 52 years for which poverty estimates have been published.