Business Liability Insurance Quotes
business liability insurance quotes
Contractor charges – what to pay the professionals in 2010-11
While most prices have held from last year, many are equally not keeping pace with the relevant input costs. In theory, as fuel has doubled over the last five years, our prices should have followed a similar trend. Needless to say, we are still way off target.
Employers Liability Insurance Shopping Around Pays Dividends
Business insurance: Okay to be added to my suppliers insurance?
I am trying to get general commercial liability for a business I am starting in Ontario, Canada. I just got a quote saying that they require me to be added to my supplier’s insurance. I don’t see why I need to be mentioned on the supplier’s insurance when I am buying the product and reselling, I am not working for the supplier. I am working independently, as a wholesaler, you could say. Will this be a hastle, will the supplier or his insurance have lots of questions for me, or is it standard?
Thanks all!
Right. Your supplier probably gets LOTS of these requests, to add the retailer as additional insured – vendor. MOST if not ALL of the businesses he sells to, will be requiring this.
You are buying the product and reselling. If the product is defective, and there is a product liability lawsuit involved, you want cover under the supplier’s policy, not yours.
Most insurance companies will REFUSE to give you product liability coverage, if your supplier doesn’t have any product liability coverage, or won’t add you to their policy.
As a wholesaler, you WOULD be named in any lawsuit for a product liability case.