On 5/19/2010 3:03 PM, Scott Zimmerman wrote:
> Input appreciated.
>
Re: Liability insurance...
The whole thing is amazing... you can buy the insurance, but it won't
pay for the lawsuit or the lawyers... so what's the point?
That's what will drive most small businesses bankrupt anyway... the
costs of the lawyers. Even if no liability is found. All someone has
to do is pull the lawsuit against you and your profit margin is toast.
I like the idea someone else had... get a quote on the insurance, and
pass it along to them, along with a mandatory arbitration clause for
anything they buy from you. If they blink, walk away.
Nate
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