Quote:
Originally Posted by kendallshea82
I also found out too that because I'm going to making the product, they said I absolutely must get general liability insurance too in case something happens to a baby/child wearing the product (i.e. choking, etc). Just having a disclaimer doesn't protect you. If you don't have good liability insurance, someone could sue you and take your personal assets. That gave me a good scare. Just because you are a small business, you still have to protect yourself.
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I think this is important to consider no matter what your business structure is, especially since we live in such a litigious society and someone is always trying to find a loophole in the law. The added peace of mind and protection seems worth it to me.
Did your attorneys mention if you should get general liability or product liability insurance? I am also in the market for liability insurance and I know that most general liability insurance polcies offer some form of product liability coverage, but it seems that for anyone that manufactures their own products would be better protected by having product liability insurance, don't ya think?