How can a company sell a warranty without having liability insurance in place to cover potential claims? That's the problem with a lot of these Taiwanese and other overseas companies; they don't have the same business practices and standards as we do here in the US and Canada.
Umm... BFG is an American company based out of Illinois. :doh:
And what exactly is such an insurance going to cover? The company would have to pay into it, increasing overhead and then it would help customers after the company goes out of business, which only helps the customer and not the, no defunct, company. It just doesn't make sense for any company to WANT to do this.
No company really WANTS to go out of business. BFG didn't WANT to go out of business. But once it does go out of business; call it heartless, but what do they care what happens to the products they sold when their company was still in business?
The only way ANY company would ever pay into an insurance that covered customers in the event of the company going belly up is if it were mandated by law. And there is no law that requires companies to do this. In fact, if a company actually files into bankruptcy, it's even LESS likely that the customer will get jack shit.