affordable insurance

ndswan · 07-28-2009, 09:12 PM

Starting a new Tour business in west Michigan, I find it nearly impossible to find insurance affordable. Only wanting liability insurance, willing to take high deductable, and only needing it in the summer months are issues most companies don't care for. I am considering not obtaining any. The business is a registered LLC, and I would use a strict release of liability form signed by the patron. Only using 6 machines, only tours, no rentals, limited season all limit income making high insurance unaffordable.

Any comments or better ideas?

Joushou · 07-29-2009, 05:28 AM

Quote:

Originally Posted by ndswan

Starting a new Tour business in west Michigan, I find it nearly impossible to find insurance affordable. Only wanting liability insurance, willing to take high deductable, and only needing it in the summer months are issues most companies don't care for. I am considering not obtaining any. The business is a registered LLC, and I would use a strict release of liability form signed by the patron. Only using 6 machines, only tours, no rentals, limited season all limit income making high insurance unaffordable.

Any comments or better ideas?

If i recall correctly, they don't work legally...

Bob.Kerns · 07-29-2009, 06:28 AM

Quote:

Originally Posted by Joushou

If i recall correctly, they don't work legally...

I don't think that's really their main function. I think their main function is to discourage people from thinking about suing. "Well, I DID sign a waiver..."

In other words, they're likely to work up to the point where a person talks to a lawyer. If you can keep him from going that far, you've won.

They may have some additional value -- they do indicate that you've been told of the risks, after all. But you can't sign a way basic rights. If I do something negligent, and you're harmed as a result, you can generally sue me even if you signed something saying you wouldn't.

And if YOU do something stupid, and you're harmed as a result, you can generally sue me, even if you signed something saying you wouldn't, and even if you have no case -- if you get a lawyer who thinks I have enough money to be worth it. I won't be eager to spend the money to defend.

KSagal · 07-29-2009, 09:21 AM

It is important to remember that each country has their own laws, and what is legal or illegal in the US is not the same as what is legal in other countries.

Further, the legality or effectiveness of many waivers vary from state to state...

On a practical, non legal level, often times these cases come down to convincing a judge or jury who was more at fault, or who did not do what they said they would... In that case, a document that explains what each party is acknowledging are their own responsibilities, signed by each party, clears up some of the he said-he said arguments.

So, while their legal ability to make lawsuits impractical is very much debatable, a well written waiver can indeed make winning that lawsuit more difficult, especially if the owner is not negligent.

bvelke · 07-29-2009, 10:43 AM

We use ISU Insurance and find them very reasonable.

emrnyc · 07-29-2009, 06:39 PM

The link does not seem to work ...

Quote:

Originally Posted by bvelke

We use ISU Insurance and find them very reasonable.

bvelke · 07-29-2009, 07:45 PM

It works for me.

MagiMike · 07-29-2009, 07:51 PM

http://www.insuranceforbicycles.com/

emrnyc · 07-29-2009, 07:59 PM

Got it ..... Thank you ..... And they were very nice on the phone...

Quote:

Originally Posted by MagiMike

http://www.insuranceforbicycles.com/

Just Seg-it · 07-30-2009, 08:39 AM

Hello Bob, as you know I broke my ankle on a tour and decided not to sue. My lawyers said what you just did, it´s their word against mine. Even though I fell because another glider blocked my my path (I should sue him) it was my fault and my fall. I had resonable training by the tour gide, although I could of claimed not. I´m just not that kind of guy. The lawyers said I would probably win and bottom line the one that pays is the insurance company. Well I´m recuperating as you know and hopefully "will get back on the horse that threw me".

07-28-2009, 09:12 PM	#1
ndswan Junior Member Join Date: May 2008 Location: Ludington, Mi Posts: 24	affordable insurance Starting a new Tour business in west Michigan, I find it nearly impossible to find insurance affordable. Only wanting liability insurance, willing to take high deductable, and only needing it in the summer months are issues most companies don't care for. I am considering not obtaining any. The business is a registered LLC, and I would use a strict release of liability form signed by the patron. Only using 6 machines, only tours, no rentals, limited season all limit income making high insurance unaffordable. Any comments or better ideas?

07-29-2009, 09:21 AM	#4
KSagal Glides a lot, talks more... Join Date: Jan 2004 Location: Pelham, NH, USA. Posts: 10,356	It is important to remember that each country has their own laws, and what is legal or illegal in the US is not the same as what is legal in other countries. Further, the legality or effectiveness of many waivers vary from state to state... On a practical, non legal level, often times these cases come down to convincing a judge or jury who was more at fault, or who did not do what they said they would... In that case, a document that explains what each party is acknowledging are their own responsibilities, signed by each party, clears up some of the he said-he said arguments. So, while their legal ability to make lawsuits impractical is very much debatable, a well written waiver can indeed make winning that lawsuit more difficult, especially if the owner is not negligent. __________________ Karl Ian Sagal To view links or images in signatures your post count must be 5 or greater. You currently have 0 posts. "Well done is better than well said." (Ben Franklin) Bene factum melior bene dictum Proud past President of SEG America and member of the First Premier Segway Enthusiasts Group and subsequent ones as well.

07-29-2009, 07:51 PM	#8
MagiMike Member Join Date: Jun 2003 Location: Houston, TX, USA. Posts: 701	Try this link http://www.insuranceforbicycles.com/

07-29-2009, 10:43 AM	#5
bvelke Member Join Date: Jul 2007 Location: Columbia, MD Posts: 200	We use ISU Insurance and find them very reasonable.

07-29-2009, 07:45 PM	#7
bvelke Member Join Date: Jul 2007 Location: Columbia, MD Posts: 200	It works for me.

07-30-2009, 08:39 AM	#10
Just Seg-it Junior Member Join Date: Mar 2009 Location: Madrid, Spain Posts: 15	Hello Bob, as you know I broke my ankle on a tour and decided not to sue. My lawyers said what you just did, it´s their word against mine. Even though I fell because another glider blocked my my path (I should sue him) it was my fault and my fall. I had resonable training by the tour gide, although I could of claimed not. I´m just not that kind of guy. The lawyers said I would probably win and bottom line the one that pays is the insurance company. Well I´m recuperating as you know and hopefully "will get back on the horse that threw me".

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