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If a company does not have a warranty policy in place how does that possibly affect the company? Does it imply there is no warranty and "buyer beware" or does it leave the company exposed to potential problems?
Generally if there is a construction contract then your work is usually covered by the terms of the contract whether you know it or not, almost all construction contracts have warranties.
In commercial work we don't get paid until we have provided a written warranty.
For a better answer ask a better question or tell us what brought up the subject
People can always sue...
They will come up with all sorts of BS claims, make up for lack of a clear cut case case by attempting to "exhaust funds" in an attempt to force a settlement knowing most civil cases rarely go to trial.
Only thing you can really do at that point is let the lawyers sort it out in exchange for lots of money.