The SCAR Design Engineers Must Have

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Bolaji Ojo
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Re: Supplier Insurance
Bolaji Ojo   3/15/2012 8:37:28 AM
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CurlyHarry, How does this type of insurance work and what can be covered? As you noted, how do you insure yourself against the negligence of a partner?

CurlyHarry
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Supplier Insurance
CurlyHarry   3/14/2012 9:21:58 PM
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We had  this problem a long time ago and it cost us $80K worth of parts that were placed on the PCB's. The Supplier replaced his $4K PCB's but we were left with the cost of the parts gone. This was unfair so we went to suppliers and required them to have insurance against the parts contained on the PCB's. PCB supplier must insure themselves as they are the only ones that could collect as they are the ones neglegent. This is a problem with insurance, we cannot insure against someone elses neglegence. Since then we collected once $120K from their insurance company.

I think all PCB suppliers should consider insurance because it is not costly at all. Our PCB pricing did not change at all. 

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