Chip Atkinson wrote:
Jeff, Do you know if selling someone or some organization a coil would reduce the liability of the vendor over operating or lending a coil to the same party? My thought, now that you bring it up, was the potential problem in the form of liability for a list member to get involved if something went wrong. Chip
anyone can sue for anything. It's the defense that costs the money.If you're a student with no assets and a tesla coil, this is a decent opportunity..
If you have any assets.."selling and/or renting" makes you, for sure, "in the business of", and greatly increases the odds of you getting named if something goes wrong.
"loaning" at least allows you the putative protection of not being in the business of, and maybe, your homeowner's liability insurance might cover it.
OTOH, the gallery probably has some sort of insurance, and if they're willing to make you a "named insured", maybe you can work a deal.
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