The market for pet crafts and accessories has grown significantly over the past few years, with more and more pet owners wanting to treat their pets with tasty handmade treats and aesthetic accessories.
Whether you make treats, collars and leads, toys, grooming products or any other type of pet related craft, you will need insurance to protect your business.
What is a pet craft business?
A pet craft business is a business that specialises in creating products and goods for a variety of different pets, from larger pets such as horses, to smaller ones like hamsters or mice.
Popular crafts for pets include:
- Homemade treats
- Clothes and accessories
- Leads and collars
- Grooming products
- Pet toys
- Beds and soft furnishings
- Unique food and drinks
- Fur dye
What is included in pet craft business insurance?
CraftCover’s pet craft business insurance is tailored to meet all the health and safety requirements necessary when creating pet products.
There are two main types of insurance which are a must for pet craft businesses, especially since crafts for pets can hold twice the risk of harm or damage towards an owner and their pet.
Public Liability Insurance
Public liability insurance covers both you and your business from compensation costs caused by an injury or harm to the public and/or their pet as a result of your products or services.
These expenses can be catastrophic for small businesses and well exceed the sort of costs that most small businesses can afford, should they not be correctly insured.
The main risks that are covered by this insurance include: death and disablement of pets and their owners, and loss or damage to third party property.
Product Liability Insurance
Product liability insurance covers products in your production line, supply and sale. If any issues or accidents arise as a result of your products, operations and/or packaging, you will be covered if any unexpected legal costs occur.
If a faulty product happens to leave your factory (this could be your home) and causes harm to a pet, you could be held liable and asked to attend court.
Why do I need to insure my pet accessory business?
In some craft industries, you may be required to have insurance in order to trade or buy, especially when there could be a threat to life if products are manufactured incorrectly.
Whilst you may not be directly responsible for harm or death, you still have a duty of care towards your customers and their pets. Both public and product liability insurance can help to cover this.
If your product does unfortunately cause harm or death to a pet, their owner or damage to property, this can be detrimental if your business is small and you run every operation of your business.
How much does pet accessory business insurance cost?
The cost of pet accessory business insurance differs from business to business, and is based on various factors including:
- The products you sell;
- The size and location of your business;
- The level of cover that your business needs;
- Your excess costs.
Our expert and professional team can help you to find the right level of cover for your cake business at an affordable and competitive price.
Get in touch with us today to discuss your business requirements and subsequent costs.