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Subject: Market Farming
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- From: "Del Williams" <delannw AT dlogue.net>
- To: "Market Farming" <market-farming AT franklin.oit.unc.edu>
- Subject: Re: liability insurance
- Date: Fri, 16 Feb 2001 13:01:34 -0600
The real issue with liability insurance for products like canned goods is
the possibility of being sued because somebody thinks they got sick eating
your stuff. The business advisor I talked to told me that $1 million dollar
policy was minimal.
If you don't do it and your family's asset's are mixed in with the business
the lawsuit could end up with you losing everything you own. No kidding.
Ask your insurer to write a policy separately to your business and not mix
it in with the home liability policy. I made them take my husband's name
off. That way, if I ever did get sued it would make the search for our
assets a little more difficult.
The sad thing is. In the end, if they have good enough legal representation
they'll find your assets and take all that they can. And, you are going to
pay an attorney to guard your legal interests whether it is a spurious claim
or not.
I read an article in Readers' Digest about some woman whose kid got e coli
from eating triple washed mescun mix. Scared me half to death about the
potential lawsuit for such a claim. You'd end up in court even if the claim
was based on a false premise...that your lettuce was contaminated.
See why a $1 mill policy might not even be enough?
Del
-
liability insurance,
Joan Vibert, 02/16/2001
- <Possible follow-up(s)>
- Re: liability insurance, nan and stewart, 02/16/2001
- Re: liability insurance, Del Williams, 02/16/2001
- Re: liability insurance, Bill & Linda Barry, 02/16/2001
- Re: liability insurance, mckemie, 02/16/2001
- Re: liability insurance, Joan Vibert, 02/16/2001
- Re: liability insurance, Del Williams, 02/16/2001
- Re: liability insurance, Peg Cook, 02/16/2001
- Re: liability insurance, Gary & Sarah Rowland, 02/16/2001
- Re: liability insurance, Joan Vibert, 02/16/2001
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