Friday, July 12, 2013

Craft Shows and Liability Insurance



Should you take liability insurance as a vendor for your craft show? Why? and Why not?

Check out the fine print

This is an important decision because  as jewelry artists many times we run with shoe string budget. And do these insurance really cover us?

In my last blog post a  dear follower commented about theft in your booth and how to avoid it.

So I’ll try to address these issues in this post.


Lately I came to know that I need to have Vendor’s Liability Insurance Clearance Certificate if I want to do a certain show.

I have been doing craft shows for the last four years and this is the first time I am facing such a mandatory requirement.

Taking an insurance was in  the back of my mind – all those “what if? “worries.  But now I have to decide on one of these insurance policies if I want to participate in this craft show.

Why should you have Liability Insurance?

* When it is required from the manager of the show


*Theft:

Here is an interesting article on how to eliminate theft atcraft shows.


*Unforeseen disaster like some ones tent blows and lands on yours.  I know you are safety conscious and have proper weights tied into your tent. But what if your neighbor is not?

Perusing the Etsy forum I found several sites that you may want to consider for buying vendor's liability insurance.  I researched the following two.



You may also talk to your own insurance agent with whom you have car or home insurance.

Actinspro have several options for people like me who needs it more for the show promoter’s need.  Even though they have a three consecutive day option for $39 it will not work for me.

If I decide to take the 90 day one that will cover all shows I do in this time period, mind you it will not cover the products.  It is for the general insurance. So, check clearly what is covered.

Their yearly policy of $250 plus  will cover your products too.

Petty Theft:

In my four years of doing craft shows it had never happened.  I rather lost quite a few pieces of earrings in transporting, during the  busy packing and unpacking times.

But there is no guaranty that you may not be a victim of theft from your booth.  The preventive measures I take are:


Always keep money on my body.

 I wear a light weight fanny pack or a cute bag across my shoulder where I keep small notes, no coins.  I usually round up and give the customers the change,  if any,  as a token of appreciation.  I keep my card processing things in it too.  I use Propay.com and it works very well with me.  You may try Square or Paypal too.

Keep high ticket items a little higher and not so easy to reach;

Autumn Necklace -www.alankarshilpa.etsy.com

These are usually the necklace pieces and they are on busts. Also, usually I sit close to them at the end of the booth with my easy to do projects.

Try to have a friend to keep an eye while I am not there.

Knitted bracelet in emerald green  www.alankarshilpa.etsy.com
.

Disasters:

I try to prevent wind blowing off my tent by putting stones wrapped in color coordinated pillow covers and then I tie them with the legs of the tent. 

The rest I pray.

You may like:

How to prepare for Craft fairs 

Craft Fair - it is worth it?

What is your experience or thoughts?  



2 comments:

Deena Sheranko said...

Good info, Dita! I carry insurance not only for product liability but also to cover theft or loss at shows of my inventory and equipment.

Anindita Basu said...

Thank you Deena, for your comment. What kind of insurance do you carry? through your home insurance or some thing else?

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