What is craft insurance?
If you have a craft business and work from home you need craft insurance. Direct Line for Business can help with the cover you need.
People across the country are channeling their creativity for making and selling their own crafted items at trade exhibitions or online on such sites as Etsy and notonthehighstreet.com. But many of these skilled crafters only think of it as a hobby and don’t give a thought to the insurance they need.
If you have a craft business you need to make sure you have the right insurance in place – just like any other home business.
Craft Insurance is in essence similar to other types of home business insurance. A Direct Line for Business Craft Insurance policy is tailored specifically to the work you do.
Essential insurance for your craft business
Starting a craft business can be a lot of fun and knowing that you have the right insurance in place gives you the peace of mind that allows you to continue crafting and have fun doing something you love.
If you’re working from home your normal home insurance policy isn’t enough to cover the demands of your home business. You need to have insurance that provides cover for you, the products you create, your customers and staff.
Why do you need craft insurance?
This is all about making sure that your business and the income you rely on is covered. Here are the elements of a craft insurance policy so you can see the benefit you get from the insurance.
- Public Liability – This covers you should a member of the public injure themselves – while this may be unlikely at your home, you're also covered at trade and craft fairs and exhibitions
- Products Liability - If a customer suffers an injury or mishap that could be traced back to one of your products, you need your legal costs covered as you could face a claim
- Business contents cover – If you keep your tools or raw materials at home you need them covered, especially if you rely on them on a daily basis.
- Business interruption cover – This covers your business for loss of income caused by a flood or fire. It’s bad enough to have your home damaged, but your business could be affected too
- Buildings cover – This can include any workshops or outbuildings you use for your business
- Employers liability cover – If you have any employees you will need this cover in case any of them are injured while working in your home or at trade events
- Cover for your business money – Insuring your business money at the home workshop and when you travel for work, such as visiting client or attending a craft fair
- Cover for your equipment – Insuring the tools you rely on so you can keep making products for your customers
Give your home business the insurance it needs
There are many steps you have to take when developing a business from home. And making sure you have the insurance that covers your income is essential part of getting your business off to the right start.
If you’re turning your hobby into a business or stepping away from the office and setting up on your own, then Direct Line for Business Craft Insurance can help provide the peace of mind you need to make the move.
Starting or running a Craft Business?
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