Question

Re: [spiers] Question

Hi John and Group,

Several of our good customers require their vendors to have liability insurance.
We use Zurich through our agent in WA (I believe agent is American Underwriters,
I am away from the office at the moment). We pay about $350/year for $1mm in
product liabilty insurance with them.

Good luck,
Paul

wileyccc@aol.com wrote:

In a message dated 11/1/04 5:15:10 PM, julia@california.com writes:

<<
I am developing a new business in San Francisco and will be importing
softgood products from Southeast Asia. I'm currently gathering information on
the
best way to cover the transfer of money for my shipments. I have looked into
LC's
and finding this a very expensive endeavor. Does anyone have any other ideas
for how to approach payment of goods for smaller shipments (say, under
$20,000)?

***You may have no choice, inasmuch as many countries have tight currency
controls and require trade be done thru letters of credit. An alternative is
pay
by credit card, but know that personal credit cards used for biz transactions
do not carry the normal protections...if you need protection call the card
issuer... and if nothing else..get a biz transaction credit card.***

Also, can anyone recommend a good source for product liability insurance? >>

***Safeco, which has a new name, has been good... anyone else?***

John

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