Craft subscription boxes are one of the most fun business models in the world of crafting. Usually, these boxes are a monthly or quarterly subscription which contain all of the materials and resources needed to complete a specific project.
However, running such a business isn’t without its challenges, especially when it comes to understanding and covering insurance requirements. That’s why we’re offering this convenient craft subscription box insurance plan to protect your business under one simple policy.
What insurance do you need for a craft subscription box business?
For a craft subscription box business, the type of insurance you need can depend on the scope and structure of your business:
- Public liability insurance– Covers legal fees and compensation if someone is injured or has property damaged as a result of your business operations.
- Product liability insurance– Can protect you if the contents of your subscription box cause harm or damage to a customer.
- Employer’s liability insurance– A legal requirement if you have members of staff or volunteers working for you.
- Business stock and materials cover– Optional, but covers the cost of craft supplies and inventory in the event of theft, fire, or accidental damage.
Complete our craft insurance quote form for an accurate quotation.
Free Craft Subscription Box Insurance Quote
Why you still need cover if a third party marketplace offers protection
Even if you sell your craft subscription boxes on a third party site such as eBay or etsy, it’s still wise to get your own cover on top of their included marketplace protections.
Protection from these sites typically won’t cover legal liabilities, provide replacements for lost or damaged items/property, or protect your actual business operations.
On top of this, most platforms will have a number of exclusions and value caps on their policies, as well as including strict claim time limits.
How craft insurance protects you when selling subscription boxes
When selling subscription boxes, comprehensive craft insurance can protect you by essentially covering every aspect of the production, packing and delivery process.
The subscription box business model typically involves bulk manufacturing and packaging, as well as frequent shipping and physical handling. Throughout this, there are a number of accidents or incidents which may occur.
Craft insurance ensures that one such incident won’t mean the end of your business as a result of financial or legal troubles by providing the necessary combination of product, public and employer’s liability insurance.
Craft insurance for subscription box businesses
For a bespoke craft insurance policy for your subscription box business, CraftCover can deliver the perfect policy with exactly the level and type(s) of protection required.
If you own a craft subscription box business, and want to find out more about craft insurance, complete our free quotation form to find out how easily you can protect your business and your customers.
Craft Subscription Box Insurance
