CraftCover provides insurance specifically for the UK craft industry. If you’re a small craft business, you’ll need the right public liability insurance plan to protect your business, any employees you may have, and members of the public.
Our extensive knowledge of the craft industry means we understand exactly what cover you need, and exactly why you need it. With our cover, you can rest assured that your small craft business is protected against all possibilities.
What are the best types of insurance for small craft businesses?
The best types of insurance for a small craft business are as follows:
- Public liability insurance – Covers claims from members of the public as a result of injury or property damage caused by your business activities.
- Craft fair insurance – Covers you for claims relating to your attendance at a craft fair; can be long term or one off craft fair insurance.
- Craft workshop insurance – If you teach craft classes or host workshops, you’ll need to cover your equipment, premises and equipment.
- Product liability insurance – Protects against claims for property damage or personal injury as a result of damage caused by faulty products.
This list isn’t an exhaustive list of all the types of insurance you may need, as it largely depends on what niche of crafting you are in. To learn more, be sure to get in touch with CraftCover.
Enquire About Small Business Craft Insurance
Small business craft insurance
Small business craft insurance is a specific form of insurance designed to protect your small craft business. Primarily, you’ll need public liability insurance to ensure that your daily business activities are protected.
We understand that, especially as a small business, claims against you can lead to catastrophic losses and even cause your business to halt proceedings. You may feel it’s unlikely that any of your business proceedings will cause harm to members of the public, but even that slight chance could be what ends your business, which is why it’s vital to stay protected with small business craft insurance.
Why your small craft business needs insuring
Public and product liability insurance covers your small craft business for a number of types of accidental injury and damage to property. You need small craft business insurance because even a minor mishap can lead to large claims, which can damage not only your reputation, but ruin your business financially. Allow yourself to sell trending crafts with peace of mind.
A common misconception is that insurance is an unnecessary expense for a small craft business, but this couldn’t be further from the truth. Any member of the public could sue you for damage or injury, a process which will cost you lots of money in legal fees, and possibly compensation payouts. Comprehensive public liability insurance covers these costs in full.
Learn more about why small businesses need craft insurance in our dedicated blog!
Protect Your Craft Business with Small Business Craft Insurance
The benefits of small business craft insurance
Small business craft insurance comes with a number of benefits to you and your small business:
Financial protection against claims – Should a claim be filed against you, small craft business insurance will cover legal costs and payout money too.
Peace of mind – Hopefully you’ll never actually have a claim against your business, but having insurance allows you to rest assured that you’ll be able to cope with the financial repercussions should you face a claim.
Access to craft fairs – Many craft fair organisers, especially larger ones, will require public liability insurance as a bare minimum to set up a stall. Having insurance allows you to attend all events risk free!
Protection of your assets – Raw materials, finished products, tools and equipment are all assets which need to be protected against theft, loss, damage and more.
Essentially, small business craft insurance eliminates the risk of your business being significantly affected by financial claims as a result of accidental injury and damage. CraftCover can help you to find a policy which best suits your needs, and gives you peace of mind that your business and assets are protected.
