Bevel-helical gear box B3 Z Sealing low speed shaft LSS Radial shaft B3KV-12-C

Flender/Flender Gear Units/Bevel-helical gear box B3

s competitive edge since no other industrialized country burdens its own businesses with such crippling laws. 4 Other countries have fault-based standard of liability that sets rigid requirements for the proof of fault and the proof of the absence of contributing fault on the part of the plaintiff. The AGMA maintains that since .. companies are subject to .. product liability laws, whether selling domestically or abroad, their liability costs are based upon liability exposure here. One component of the cost of product liability to the industry is the cost of litigation and damages. The cost of court case which may last several years and 4 Edward . Hudgins, "Relaxing Government Regulation," Making America More Competitive (Washington, DC: The Heritage Foundation, . 3. 4-1 the amount of damages awarded is far greater in the United States than in most other countries. There are few limits on the amount of awards and on the duration of the litigation. Foreign manufacturers, on the other hand, do not face such stringent laws on most of their sales. Therefore, they have large cost advantage. According to the association, there are fewer product liability cases in Japan and Europe and much lower cost awards, which they believe is partly due to the prohibition of contingency fees, the near nonexistence of punitive damages, and the fact that judges, not juries, decide the amount of verdicts. The AGMA believes that the .. product liability laws particularly hinder smaller firms whose profit margins are already narrow and for which such suit could prove fatal. Another component of the cost of product liability to the industry is the cost of insurance premiums. Generally, the premium is based on the level of coverage and the company' sales volume. The premium, as percentage of sales, falls as sales rise for given level of coverage. AGMA estimates that product liability insurance premiums in the United States represent, on av