Insurance Woes

Discussion in 'International Business' started by Billabongchick, Sep 4, 2019.

  1. Billabongchick

    Billabongchick UKBF Newcomer Free Member

    2 0
    Hi all, I’m having issues with getting product liability for selling from U.K. to USA/Canada due to the fact that despite my product (which I import from India) being very low risk my supplier is unable to offer a Rights of Recourse note.

    Can anyone point me in the right direction of brokers who offer this please as I have a load of people in USA wanting to order and I don’t want to do any deals til I know I have cover.

    Thanks
     
    Posted: Sep 4, 2019 By: Billabongchick Member since: Aug 28, 2019
    #1
  2. Mr D

    Mr D UKBF Legend Free Member

    16,097 1,797
    Have the supplier said why they cannot offer a rights of recourse note? Is it something you can arrange?
     
    Posted: Sep 4, 2019 By: Mr D Member since: Feb 12, 2017
    #2
  3. Billabongchick

    Billabongchick UKBF Newcomer Free Member

    2 0
    They work on very small margins so are unable to offer it. It’s apparently very common that Chinese/Indian and similar countries are unwilling to do the rights of recourse note
     
    Posted: Sep 4, 2019 By: Billabongchick Member since: Aug 28, 2019
    #3