Help - Rights to recourse!

[Natty12]

I’m about to launch my new online business selling individual eyelash extensions that I am importing from a supplier in China. My problem is I’m now struggling to get product and public liability insurance as the insurance companies are saying I need a Right to recourse in place.
I have spoken to my supplier and they didn’t understand what this was which I have explained but they are not willing to do this.
Has anyone else being in this situation and overcome this or can point me in the right direction of sourcing some insurance.

Thanks

 

[GraemeL]

Ask a broker to help you.
G

 

[Natty12]

Ask a broker to help you.
G

Thank you for your reply. Can you suggest any?

 

[GraemeL]

I use Lockyers https://www.lockyers.co.uk/

 

[pales]

I’m about to launch my new online business selling individual eyelash extensions that I am importing from a supplier in China. My problem is I’m now struggling to get product and public liability insurance as the insurance companies are saying I need a Right to recourse in place.
I have spoken to my supplier and they didn’t understand what this was which I have explained but they are not willing to do this.
Has anyone else being in this situation and overcome this or can point me in the right direction of sourcing some insurance.

Thanks

Hi Natty12 did you ever resolve this? I'm in the same situation with menstrual cups so if you have any info I'd be so grateful!

 

[Gyumri]

I can't see why a right to recourse agreement is applicable if you are importing false eyelashes or even menstrual cups.

But wonders never cease.

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/210649/quick-guide-to-recourse-ukef.pdf

 

[Frank the Insurance guy]

I can't see why a right to recourse agreement is applicable if you are importing false eyelashes or even menstrual cups.

But wonders never cease.

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/210649/quick-guide-to-recourse-ukef.pdf

That link is not relevant - your are looking at recourse on finance - this is not the case here.