This section of the forum is for discussing the business and finance issues of the t-shirt industry. Which business structure to use (sole proprietor, LLC, S Corp, etc), how to handle billing, where to register your business and get the proper licensing, etc.
Hi, so I've been offered $1million of product liability insurance for $1000/year. I'm based in Canada. It covers the US/Canada market. Is this good, or keep looking?
thanks
I'am still suspicious.That sounds like a awfully big premium for not alot of coverage.Have you asked another insurance agency about business insurance with a umbrella policy for the product liability?At least I would.My Father worked for Aetna insurance for some time and I know he would advise me to shop that around as it sounds too high.
Is that U.S or Canadian dollars? What's the exchange rate these days?
$1,000 seems high, especially for the less sue happy Canada.
Here in the states there is a policy called the BOP (business owners policy) that covers retail operations and can usually be purchased for $500 or less. Not sure if you guys have it up there. Our policy down here also covers Canada.
product insurance, too much or good? 
