Enterprise Risk Management on Tort Risk

Enterprise Risk Management on Tort Risk

Introduction

This essay is based on Enterprise Risk Management on Tort Risk. The video on the product liability revealed that risks arising from defective products that could not be determined in the light of current scientific and technical knowledge. No fault can be charged to the producer. These risks begin border of the precautionary principle and reflects the inability to achieve zero risk (Miller, 1992). The highlights of the paper are based around Professor Nancy Kubasek's statement which stated the occurrence of a breach, along with the criterion to determine it as ...