Quote:
Originally Posted by szyzygy
I am not familiar with that term - are you asking about insuring an apparel company?
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Yes, I make children's clothing. When I recently (just the other day) asked why we pay so much for liability insurance, the owner of the insurance broker I've used for 20 years said:
"You are with the Hartford for several reasons. The contract is very good and they are a very competitive market for clothing apparel. Clothing apparel does not fall into the minimum premium of $550.00 category because it is in the medium risk not in the lowest risk category."
I asked him what this meant but haven't gotten a reply.
