Re: Starting a nursery/liability

Yep-  some of you may recall the insane woman who ran through traffic 
and into the side of my moving car last fall (she was on foot).  Well, 
the auto insurance company actually did their job and refused to settle 
or to pay her one dime from the lawsuit she filed.  People do try to sue 
for the craziest stuff.  Question-  can't you get liability insurance 
for a business to protect your assets?

Theresa

Christopher P. Lindsey wrote:

>>Yes, the name is the hardest part to come up with. I have been through that
>>twice now.
>>I have never incorporated. There is no particular reason why either.
>>    
>>
>
>Mostly I'm thinking about the tax benefits, liability, and future
>expansion to include employees.
>
>I'd say liability is the biggest issue.  If the nursery is sued by
>my land would probably remain safe (over-generalization here, but
>still relatively true).  If everything's in my name I could be sued
>for everything that I own.
>
>Why would I get sued?  I have no clue.  But today's litigious society
>seems to foster lots of lawsuits that almost seem surreal.  Maybe some
>kid climbs through the fence and gnaws on an Aconitum root.  Maybe 
>someone gets Legionnaire's Disease from the potting medium that was
>used.  Maybe someone buys something illegal in their state and tries
>passing the buck when they're caught.
>
>Liability scares the heck out of me.  :(
>
>Chris
>
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