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Re: Seeking: Info on plans and liability
By:Bill Hamm
Date: 5/14/2010, 10:18 am
In Response To: Re: Seeking: Info on plans and liability (Bill Hamm)

: For most small businesses without many assets incorporation is only
: a slight protection as the owners (has to be more than one)
: assets are still at risk. Still products liability protection
: shouldn't be grossly expensive if all you're offering is plans,
: assuming the boats are well tested and the details are worked
: out. Juries in the past have looked very dimmly at companies
: selling untested products.

: Talk to your lawyer.

: Bill H.

Btw, many years ago I co-owned a company that built folding sports chairs (before they became Walmart fodder), the liability insurance for them was 100 times more expensive than for a boat. Falls under the same catagory as ladders, go figure. Eventually the liability cost killed off that venture. Now they are all made in China where which protects the manufacturers since suite are impossible.

Without the advice of a decent lawyer you have no idea of what the risks are.

Bill H.

Messages In This Thread

Seeking: Info on plans and liability
Jim Farrelly -- 5/11/2010, 10:45 pm
Re: Seeking: Info on plans and liability
Jay Babina -- 5/14/2010, 7:48 am
Re: Seeking: Info on plans and liability
Bill Hamm -- 5/14/2010, 10:09 am
Re: Seeking: Info on plans and liability
Bill Hamm -- 5/14/2010, 10:18 am
Re: Seeking: Info on plans and liability
Malcolm Schweizer -- 5/17/2010, 4:16 am
Re: Seeking: Info on plans and liability
Bill Hamm -- 5/18/2010, 12:23 am
Re: Seeking: Info on plans and liability
Donovan -- 5/17/2010, 9:52 am
Re: Seeking: Info on plans and liability
Etienne Muller - Ireland -- 5/14/2010, 1:26 pm
Re: Seeking: Info on plans and liability
Dan Caouette (CSFW) -- 5/14/2010, 2:11 pm
Re: Seeking: Info on plans and liability
Jay Babina -- 5/14/2010, 10:14 am
Re: Seeking: Info on plans and liability
Bill Hamm -- 5/14/2010, 11:38 am
Re: Seeking: Info on plans and liability
Jay Babina -- 5/14/2010, 12:01 pm
Re: Seeking: Info on plans and liability
Bill Hamm -- 5/12/2010, 12:44 am
Re: Seeking: Info on plans and liability
Kudzu -- 5/11/2010, 10:59 pm
Re: Seeking: Info on plans and liability
wwfloyd -- 5/11/2010, 10:59 pm
Re: Seeking: Info on plans and liability
Brian Nystrom -- 5/12/2010, 8:45 am
Re: Seeking: Info on plans and liability
graybeard -- 5/12/2010, 10:28 am
Re: Seeking: Info on plans and liability
Kudzu -- 5/11/2010, 11:05 pm