In strict liability cases, what should be noted regarding claims for economic loss?

In strictly liability cases, it is important to understand that claims for economic loss are generally not permitted. Economic loss refers to financial damages that do not stem from any physical injury to a person or property. In tort law, particularly in strict liability cases, the focus is on harm that results from defective or hazardous products and their impact on physical well-being or property damage.

The rationale behind this limitation is rooted in the distinction between tort law (which is compensatory in nature) and contract law (which can address purely economic losses). When a product is defective, the law seeks to provide recourse for those who suffer personal injury or property damage, whereas financial losses that involve only economic considerations might be better suited for resolution through contracts or warranties rather than through a tortious claim.

Thus, the notion that economic loss claims are typically not allowed under strict liability is correct, emphasizing the principle that strict liability is designed to address physical harm directly linked to the use of a defective product and not merely financial setbacks.