Don't pooh-poo the liability aspect. Be sure you have a high limit liability policy that will cover everything you do. I've worked in the business insurance area for 36 yrs. and you never know where you might be drawn into a lawsuit, even if it was from someone you didn't have direct contact with. I've seen plenty of claims for injury to people that happened next to the property where we carried the liab. insurance but our customer had assets someone wanted to go after. I your case you might weld or machine a small part on something that breaks and injures someone. Even if your weld or machining didn't fail you might get dragged into it because you worked on the product or part. You'll likely get dismissed UNLESS you are the only one with ins. coverage or assets then you'll be on the hook for the whole dime (you are the one with the "deep pockets"). Otherwise you'll need coverage for at least defense costs to get you out of it. Standard commercial general liability covers that.
I personally am not a sketchy, nickel-dime type but if something you do causes injury to me or mine or my property, you can be sure my attorney will be contacting you for compensation. Point being, anyone can come after you (actually they only need a flimsy reason to do so), so my advise is be prepared with good coverage.
Good luck with your ventures. I have a Mahindra SCUT and love it too!
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - History of the Nuffield Tractor: Part 2 - by Anthony West. In February 1953 production of the ETC T.V.O engine started, ready for the March 1953 press announcements. The new TVO engine had a number of improvements which resulted in a 10 per cent more power (43bhp as against 38 bhp on the earlier engine) and 10 per cent more fuel economy. Some of the improvements are listed below: Redesigned combustion chamber, improved spark plugs and positioning, plug size 14mm(earlier size 18mm).
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
