Wish Me Luck !

Be sure your errors and omissions insurance is paid up!

And I do wish you good luck!

Paul

I too wish you luck. Where are you?

Just be sure you get adequate liability insurance to cover your posterior.

Best of luck, don't underprice too much.

Guess I need to research that one ! E&O coverage ... and thanks !

I'm in Memphis , Tn. - and we already got a crime problem , I just gotta market my solution . Thanks !

I'm wondering where I'm open to liability , since you're the second person to mention insurance coverage . Perhaps in the event one of my units fails ? I can't see the bar unit itself failing , but perhaps the surface it's mounted on ...

Think in terms of "Product Liability" suits - the one where the frustrated perp clobbers it with his hand and then sues you for making the bars too hard since his hand was broken when he hit it.

Or the one where a kid runs into a corner and gets scratched...

Although most are the result of some shyster trying to get rich by filing BS suits, the occasional one slips through: Do you remember the broad who sued McDonald's over the coffee?

Three possibly liability openings I can think of:

- Your security bars aren't secure enough and someone inside is attacked.

- Your security bars are too secure and someone inside can't get out in a fire.

- Most anything happens and the slime bag lawyers do the shotgun thing and sue anyone remotely involved, including the pizza delivery guy, and you have to defend against the suit.

Yeah , I remember that one , who doesn't ! What's sad is that you're right , perps have in fact collected on silly suits like that . Gives me some food for though , thanks .

Thanks , and I'm shooting for 20% under the big guys . I have a lot less overhead ... and no employees to pay SSI , insurance , workmen's comp , etc for .

Don't forget your tax overhead, you do have to pay SSI and whatnot on yourself. Schedule C stuff...

I believe in that case, she won because that McD's had been warned repeatedly that their coffee was excessively hot. There's hot coffee, and then there's 'burn on contact' coffee.

Dave

Biggest liability would probably be if someone thought you had included a 'quick release' to get out in case of a fire, or if you provided one and it was claimed it didn't work properly.

Dave

Yeah, my understanding of that case is that the case was sound, but the settlement was larger than even the jury expected. It was based on the something like the proceeds of the money McDonalds made in one day by selling their coffee in the US. Turned out to be a much larger number than the jury anticipated.

Pete

My wife has repeatedly reminded me about that ... I'm not going to fall into that trap again , it's all going into a savings account and payments will be made quarterly .

To properly brew drip coffee you need water that is between 190 and 200 degrees F. Burger King has a liquid instant product that doesn't have to be as hot.

The suit was BS. As an example, if she had ordered hot tea, that should start with water that is at a full boil.

Going into business for yourself, eh? In this business environment? Boy, you are going to need a lot of luck. I don't want to tell you what the odds of failure for a new start up are so good luck anyway. You will be needing a lot of it to even make it through the first year. You'll be needing quite a bit of money too. I don't want to scare you off but making a new business pay off is a real challenge. If you can make any money from your efforts you'll have done a lot better than most.

Hawke

When something in the vicinity of the thing breaks you'll get included in the lawsuit, just because.

The E&O insurance will (well, should) help pay the attorneys fees for going to court and saying "that's absurd, the wall fell because the

At least get a price on it, then make an informed decision.

I wouldn't work without it.