Like all types of crafts, woodworking has its own set of risks and considerations that should be established before you start a dedicated business.
At CraftCover, we have years of experience helping crafters who work with wood, and our tailor-made policy is ideal for a wide range of woodworking projects.
What crafts does woodworking insurance cover?
Our woodworking insurance at CraftCover covers a wide range of different crafts, including but not limited to:
- Furniture Making
- Marquetry
- Pyrography
- Toymaking
- Upholstery
- Wood Carving
- Wood Turning
If you think your craft falls under the umbrella of ‘woodworking’, but you can’t see it listed above, get in touch with our team to find out how we can help you.
Do you need craft insurance as a woodworker?
No matter what kind of wood crafts you make, whether that’s carpentry or wood sculptures, getting specific craft insurance is a must. Without it, you and your business could face major financial risks.
Regardless of what size business you have, you still face the risk of claims being made against you. Having the correct insurance in place will protect you from these claims, ensuring you don’t have to pay out these costs from your own pocket.
How to protect your woodworking business
With our bespoke woodworking insurance from CraftCover, you will be covered by the two main types of insurance: Public Liability Insurance and Product Liability Insurance.
Public Liability Insurance
Public Liability Insurance provides cover for both you and your business against compensation costs due to damage or injuries occurring to property or members of the public as a result of your business’s products or activities.
You will also be covered for injuries, death or disablement to the public and/or loss or damage to third party property. For example, if a member of the public enters your studio and trips over misplaced equipment, causing an injury, you could be held liable.
Product Liability Insurance
Product Liability Insurance provides cover for your handmade goods through production, supply and sale.
If a customer experiences an issue as a direct result of your products, such as faulty furniture due to poor workmanship, you risk being held liable for paying legal fees if a claim is made against you.
Risks of not insuring a woodworking craft business
Without the right insurance in place for your woodworking craft business, you run the risk of expensive legal action being taken against you if the unexpected happens. Even for the largest of businesses, this can be extremely financially damaging and many may not recover from it.
You may also run the risk of your products, goods and equipment being damaged or stolen. If they are not protected properly, you may struggle to find the funds to replace them.
Do you need insurance to host a woodworking workshop?
Yes, you do need insurance to host a woodworking workshop, but luckily for you, we can incorporate this into your standard policy.
Having the right level of insurance for your craft workshops is crucial. If you don’t, you could be held liable if your students were to injure themselves, damage goods or equipment or create a hazard.
