If your company manufactures machinery that has potential hazards associated with its transportation, installation, use, maintenance, decommissioning and/or disposal, you most likely have a very strong need to create effective product safety labels. This task must be done right. Simply put, the stakes are too high for this job to be done incorrectly. People’s lives and your company’s financial well-being are on the line.
From a vantage point of playing a role on standards committees in this field over the past 25 years, I’ve seen how safety labels can help or hinder those activities. While I’m not speaking for the standards committees on which I serve, I’ve noted first-hand two important outcomes:
- If properly designed, safety labels can reduce accidents dramatically. This not only improves a product’s overall safety record but adds to a company’s bottom line by reducing product liability litigation and insurance costs.
- If poorly designed, then needed safety communication does not take place, and this can lead to accidents that cause injuries. When such accidents happen, companies spend hundreds of thousands (if not millions) of dollars settling or fighting lawsuits because their products lacked adequate warnings.
With the rise in product liability litigation based on “failure to warn” over the past several decades, product safety labels have become a leading focal point in lawsuits faced by capital equipment manufacturers.Read Full Article