Children's product resale store

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Children's product resale store

Postby mattbalt » Thu Apr 12, 2012 5:46 pm

I am looking for a market for a client that has a store that sells used children's clothes, toys, and car seats. Located in he State of Ohio. You can email me at markm@mmains.net.
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Re: Children's product resale store

Postby superdash8 » Tue Apr 17, 2012 10:35 am

Used car seats? Good luck finding any underwriter who would write this. You will likley have to go to surplus lines for a policy that excludes products liability.
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Re: Children's product resale store

Postby Island Girl Agent » Tue Apr 17, 2012 2:51 pm

Yes, the biggest issue you will have involves any kind of "equipment" used by babies and children. Car seats, cribs, strollers...many of these products regularly have product recalls issued and now your client has some degree of responsibility to track every item and manufacturer to be sure they are not selling something that was recalled for safety issues. Surplus lines, but expect your premium to be significant to the exposure. Best of luck...
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Re: Children's product resale store

Postby bjwestner » Tue Apr 17, 2012 3:57 pm

I wonder how many car seats they would potentially sell? Seems like it would be more cost effective to just not sell that item versus paying such a high premium for such a risk...

Oddly enough I just finished reading a book that showed data to support that car seats are not necessarily worth their price versus lives saved. So long as you have the child sit in the right position in the vehicle (back seat), the data shows that there is no difference in purchasing a cheap car seat versus a premium model.
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Re: Children's product resale store

Postby Island Girl Agent » Wed Apr 18, 2012 2:22 pm

Well, I have several clients who sell used merchandise, and I've given them the data on insurance costs should they decide to go into selling toys or car seats, etc. They stay away from those products. I know you can just donate them to Goodwill, that's a better option than paying outrageous premiums.
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Re: Children's product resale store

Postby Adame526 » Thu Apr 19, 2012 2:47 pm

I've got markets than can write the products excluding any USED cribs or car seats. MP start at $5,000 including product liab. I'd be glad to help. Feel free to contact me at your convenience.

Toni Adame-Cavage
MarketScout Wholesale LLC
P: 4806002043
tcavage@marketscout.com
www.marketscout.com/msw
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