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  1. #1
    Join Date
    Nov 2009
    Posts
    18

    Default Liability/Insurance question

    Curious on what you guys carry for insurance for welding on vehicles for either street/strip?

    Im looking at liability insurance, but am wondering if I would also need to carry a manufacturing policy?

    Items I plan on welding mostly are step notches, crossmembers, and roll cages.

    But before I do I want my but covered.

    Thanks.
    Darrel

  2. #2
    Join Date
    Nov 2006
    Location
    Lake of the Ozarks MO
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    3,562

    Default

    Besides liability you need to have "product performance liability" as well.
    I am sure others here will chime in with much more detailed and informative explanations than me.

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  3. #3
    Join Date
    Dec 2007
    Location
    Los Angeles
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    2,861

    Default

    Good Luck- the premium alone will probably knock you off yer feet.
    Ed Conley
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  4. #4
    Join Date
    Nov 2009
    Posts
    18

    Default

    Thats what im tryin to figure out, cost/benefit. And how much to charge to cover my costs. I have about 6 people who want 4 point roll cages fabbed to comply with local track requirments. But Im not going to if it is going to cost me to much. Is there any waiver of liability if they are built to SCCA spec? I dont know how much a waiver actually waives liability. But the insurance companies here dont know anything outside of oilfield.

  5. #5
    Join Date
    Oct 2006
    Location
    Montrose, Crawlorado
    Posts
    94

    Default

    I have Farm Bureau liability insurance witch only covers me while I'm on site working. Once I leave I am not covered. For the liability plus 10k in equipment coverage its 35.00 a month.

    I have looked into insurance for items such as you described. I was told I needed "Finish Product" insurance, witch varies from 4k-20k depending on the product. That is just what I was told, I did not pursue anymore info on it.

  6. #6
    Join Date
    Dec 2007
    Location
    Los Angeles
    Posts
    2,861

    Default

    The problem is yer just not big enough for an Insurance company to look at you unless you manufacture quite a bit of the product.

    Your General Liability probably covers you somewhat.

    You can Incorporate- offers some protection.

    Also, you are the Fabricator so assuming you know how to do these cages then you probably don't have anything to worry about-
    Ed Conley
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  7. #7
    Join Date
    Nov 2009
    Posts
    18

    Default

    Im not worried about my product, Im worried about people thinking cages make them bullet proof and decide to sue if they are injured when they are inverted and suffer whiplash and blame it on my product not doing what they assumed it would after the fact. I got laid off from building 55' trailers and I know the insurance wasnt cheap, and any time a trailer was involved in an accident, we were automatically sued and had to go through legal proceedings to show we wernt't at fault, but the legal fees for something like that would sink me, but now I'm on my own I want to be protected.

  8. #8
    Join Date
    Dec 2007
    Location
    Los Angeles
    Posts
    2,861

    Default

    I wouldn't lose sleep over it *, some one could sue you just for bumping their head getting in the vehicle before the race.

    Google some Product Liability Insurance brokers and give them a call- may find some one to chat over the phone about your concerns.

    * again, assuming you have General Liability for your welding Biz.
    Ed Conley
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  9. #9
    Join Date
    Nov 2009
    Posts
    18

    Default

    I don't have a "biz" as of yet, not untill I get some things figured out. But iIam nervous of going into automotive fabrication for people other than myself, but there is a lot of interest latley so its a market I wouldn't mind getting into outside of my own.

  10. #10
    Join Date
    Oct 2006
    Location
    Mpls, MN
    Posts
    1,790

    Default

    I do quite a bit of automotive, and don't worry too much about product liability. Typically, there will be some other extenuating circumstance which will cause your product to fail (the big crash they got in).

    Unless your product can be proven to be responsible for creating the incident, and/or you can be proven negligent in manufacturing such product as to knowingly let something unsafe into the world, there's not much that can come back and bite you.

    Most of us are probably too "poor" to sue anyway. The lawyers won't take the case for the opposing side if there's no payout for them.
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