Liability Insurance

MyMamaMadeIt · 02-08-2010, 09:04 PM

Hi all you crafty mamas out there! Do any of you carry liability insurance? I've been looking into sending samples out to some diapering sites and they all ask for a proof of liability insurance! Should I be worried that I might get sued while making cloth diapers?

stufffromthebunker · 02-09-2010, 05:18 AM

people sue for all sorts of strange reasons. I don't carry liability insureance. According to our insurance man even though the studio is on our property as long as I do under a set dollar amount our home owners will cover anything that might happen. It did raise our insurance rate a little bit to have coverage for liability and to cover all our tools and supplies.

It could be with the new laws covering items for children they are simply covering their @ss. Seems strange they would want it just to look at your samples. I have started putting on all of my items, Not a toy, Not intended for children. Even my jewelry now has that on it because of the new laws. Our accountant recommended we do that. I will also have signs up saying that at the craft shows we do from now on.

KathyL22 · 03-16-2010, 10:24 PM

I'm brand new to this forum but an old hand at the crafting biz. Are you asking about actually product liability insurance or business insurance? Product liablity insurance will not be covered in your home owners policy. It will ensure you against most problems that may arise from your product itself. Business insurance will insure you against things like damage to your booth or a neighbors booth caused by you (if you do shows), or someone injuring themselves in your booth. And remember, of you are not a formal business, or your business is set up as a sole proprietor, if someone sues you and you do not have insurance, your personal assets are not protected. Not to sound like a major downer, but without business insurance at the very least, your home and all you own can be part of a law suit.

I've seen fellow artists/crafters learn this the hard way, and I just hate to see it happen when it's preventable.

Kathy

MyMamaMadeIt · 03-22-2010, 06:48 AM

Does anyone have an insurance company recommendation? My homeowners insurance is through State Farm and they said they would not underwrite a company such as myself and I need to look at some of the independent companies? I'm not sure where to start -

DangerMouse · 03-22-2010, 09:10 AM

Good grief! This makes me a bit worried about sending out my 'floaters'!
"Warning, do not let children eat this wooden box"

DM

ambersmith59 · 04-14-2010, 09:38 AM

Things are likely a little different here in Canada but I have to have a separate insurance for my home based business because my home owners insurance won't cover any professional loss in case of fire, theft etc. Nor will they cover any insurance claims if say a postal/courier company got injured on my property and they were here because of my work, or if someone decided to sue me over my product.
I have coverage from my State Farm Insurance agent, it's a small annual premium of I think $275 and we pay it monthly with our house and car payments (broken into monthly payments it's really not hard at about 22 bucks). It also protects any of my work that's off property, so if I have items that are on exhibit or have a craft show then everything is covered in case something awful happens.