Tuesday, March 1, 2011
Getting serious - insurance for beaders who sell their work or teach classes
It's hard to know what image I can use to bring some life to this week's blog post - insurance! So, I have decided just to use a cheery picture of my Rhombus beaded beads to counter the gloom of what follows.
Prompted by a recent blog post by an Etsy colleague I decided to check out what my home insurance covered now I am selling my beadwork and doing beading classes out and about. It is one of those things I have thought about before but never acted on. As always with insurance I faced the questions of what are the risks if I do nothing. Well, it seems my home insurance won't cover me for the beads that I use to make things to sell or the items I have as stock at home but more importantly when they are on exhibition there is no cover for them. Considering that is happening more and more for me, it got me wondering - to insure or not to insure. Then, the question of public liability insurance raised it's tricky head. If I have someone visit me to buy an item at home and they have an accident - my home insurance doesn't cover me as their visit if money changes hand. It also doesn't cover me if I am teaching (for money) at home or elsewhere. So, after much debate with myself and my bank balance I have decided to take out a small business insurance policy.
I'm curious to know what others do? Are you insured for what you do as a beader? What risks are you prepared to take? Have you found the perfect insurance for you? Love to hear your experiences and thoughts.