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9/22/2017 12:11:25 AM
Posted: 11/27/2002 1:20:48 AM EDT
I am getting ready to put in for my FFL and I was wondering if you carry additional insurance once you have the FFL?? I will not doing any work 'cept for scope mounting and the likes...99% of the guns will be ordered on request and xfer'd as soon as they arrive. Any other pointers a new dealer should know about w/o learning the hard way? Thanks! Rob
Link Posted: 11/27/2002 8:05:49 AM EDT
Best insurance is to incorporate.
Link Posted: 11/28/2002 6:47:02 AM EDT
Any additional suggestions/pointers/comments??
Link Posted: 11/28/2002 7:08:15 AM EDT
Liability insurance would probably be advised. I'm not sure what is available or the cost, but in these times of 'litigate everyone', it probably would be a good idea, especially if you are going to be doing 'smith' work or reloading of sale. In addition, with the number of lawsuits against manufacturers and distributers, I'm afraid FFL's (sellers) will be next on the list.
Link Posted: 11/28/2002 7:32:08 AM EDT
yeah...that is my biggest concern right now. I am already a registered business but wanted to be able to add complete firearms for my customers in addition to gear/ammo/uppers etc... I'm at the point after doing all of this research to scrap it and use the $200 for my FFL to register a pre-ban lower as an SBR instead :)
Link Posted: 11/28/2002 10:00:09 AM EDT
[Last Edit: 11/28/2002 10:08:08 AM EDT by SinistralRifleman]
Link Posted: 11/28/2002 10:30:52 AM EDT
Also as an 07 - Not open to the public without an appointment for insurance/liability/safety issues. As a Mfg you are wholesale and retail. - A reg 01 Dealer is (considered) Retail and must have business hours open to the public.
Link Posted: 11/29/2002 3:04:01 AM EDT
I do not intend to have "normal" hours...mostly appointment-only since I will not be a stocking dealer. I intend to handle internet xfers and internet sales along with a few shows. I take it they don't like that anymore, huh?
Link Posted: 11/29/2002 4:51:22 AM EDT
Originally Posted By ProfGAB101: Also as an 07 - Not open to the public without an appointment for insurance/liability/safety issues. As a Mfg you are wholesale and retail. - A reg 01 Dealer is (considered) Retail and must have business hours open to the public.
View Quote
that's how I went (Mfg). You will need to do that or have a store front and hours. Fairly well enforced now days.
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