Liability Insurance for eCommerce store?

[PlatinumCat]

Hello everybody, lurker here, finally made an account because I need some advice.

I'm one of the slew of newbies who are jumping on the import arbitrage train. After nearly a year of reading and learning and plotting, I've decided to start taking action. I got my wife on board, and we are tackling this challenge together. I figure if anything, it will be a learning experience, and I can either build this starter project to success, or use the knowledge gained and apply it to more ambitious/innovative projects in the future. But for now, I'm trying to learn the ropes, and jumping in with both feet to see if I sink or swim.

Anyway, back on topic... I've decided on a product to import and sell on ebay: It's small, it's metal, and it's pointy (for the sake of example, lets equate this product to a letter opener, or a fork). Because of this, my wife insists that we need liability insurance. She says that if somebody were to throw it at somebody else, it could cause injury, which could then spell legal trouble for us. She refuses to sell even one unit until we get liability insurance. Is this reasonable? Should we get liability insurance before moving forward?

Honestly, it seems like a little much to me. I mean, we haven't even sold anything yet... we aren't even certain that it will sell, let alone enough to cover the cost of an insurance premium. Besides; theoretically, anything could cause injury if you try hard enough. Using that logic, shouldn't all ebay sellers should be insured? I'm pretty sure that they are not. Also; if I sold somebody a letter opener, and their kid manages to poke his eye out with it (or whatever), could I, as the seller, really be held liable for it? I just can't see this being an issue. On top of that, I don't think we really need the increase in overhead before we even get this thing off the ground.

So, that is my question: Is it feasible/reasonable/realistic to be thinking about liability insurance this early in the game?

Thanks in advance. This place has helped me a lot so far, and I'm hoping to take it to the next level by contributing in this community.

 

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[5hpstickers]

Jupitvmz, ov tiint moli e movvmi nadj vu ni. O niep, xi jewip'v iwip tumf epzvjoph ziv... xi esip'v iwip disveop vjev ov xomm timm, miv emupi ipuahj vu duwis vji dutv ug ep optasepdi qsinoan. Citofit; vjiusivodemmz, epzvjoph duamf deati opkasz og zua vsz jesf ipuahj. Atoph vjev muhod, tjuamfp'v emm icez timmist tjuamf ci optasif? O'n qsivvz tasi vjev vjiz esi puv. Emtu; og O tumf tunicufz e mivvis uqipis, epf vjios lof nepehit vu quli jot izi uav xovj ov (us xjeviwis), duamf O, et vji timmis, siemmz ci jimf moecmi gus ov? O katv dep'v tii vjot cioph ep ottai. Up vuq ug vjev, O fup'v vjopl xi siemmz piif vji opdsieti op uwisjief cigusi xi iwip hiv vjot vjoph ugg vji hsuapf.

O jewi vjot teni dupdisp xovj vji qsufadv O xepv vu cihop timmoph cideati ov ot e vuz vjev qiuqmi ug wesouat ehit xomm ati epf ov dep ci fephisuat. Vjot ot vji iyedv sietup O jewi puv tvesvif timmoph ziv iwipvjuahj O hiv nepz siraitvt gus vji qsufadv

 

[PlatinumCat]

O jewi vjot teni dupdisp xovj vji qsufadv O xepv vu cihop timmoph

Jewi zua fupi epz tjuqqoph esuapf gus rauvit? O jewip'v muulif vuu ges opvu ov ziv, cideati vji dupdisp xet katv csuahjv aq zitvisfez, cav gus emm O lpux, ov nez ci raovi eggusfecmi. Et muph et O dep uggtiv vji dutv iedj nupvj xovj vji qsugovt gsun 2 us 3 apovt, ov nez ci xusvj qastaoph.

Edvaemmz, O katv xipv epf muulif esuapf upmopi, epf ov fuit muul wisz fuecmi. O'n tasi ov nutvmz fiqipft up xjev zua esi timmoph epf jux zua esi timmoph ov, cav iwiszvjoph vjev O'wi tiip tiint vu quopv vu ov cioph simevowimz opiyqiptowi (itqidoemmz xjip dunqesif piyv vu tunivjoph moli jiemvj optasepdi us des optasepdi). O haitt O xup'v edvaemmz lpux apvom O hiv esuapf vu hivvoph rauvit.

 

[DeletedUser2]

timm tuni gostv.



B

 

[Ikke]

O jef vji teni tusv ug vjoph. O'wi miv nz gsoipf xju ot e mexzis efwoti ni vjev e qsuqis atis nepaem epf huuf "visnt epf dupfovoupt" xomm iydmafi qsivvz nadj emm moecomovz zua dep quttocmz iydmafi.
Tu o'n huoph vjot xez apvom siwipai ot johj ipuahj vu xessepv ep monovif moecomovz dunqepz moli ep Mvf.