If you’re a Metalworker or Silversmith, then creating a designated business may be a viable option for you.
If you currently run a metalwork business, no matter what size it is or if you sell online or in person, it’s important that you have the right level of insurance.
What insurance do metalworkers need?
Metalworkers will usually require what is called ‘tradesman liability insurance’, which is designed to protect self-employed tradespeople from potential liabilities from their work.
There are two main types of cover you will need, which are Public Liability Insurance and Product Liability Insurance.
Public Liability Insurance
Public Liability Insurance will cover you if a member of the public is injured, made ill or has their property damaged as a result of your businesses actions.
This type of insurance will cover you should a member of the public make a claim against you.
Product Liability Insurance
Product Liability Insurance will protect you against the costs of compensation for personal injuries and loss or damage to a property caused by faulty products. It will cover unforeseeable circumstances that could not be identified in your quality systems.
However, product liability insurance may not cover faulty products as a result of bad workmanship, or financial losses to a business or person as a result of your faulty products.
Why do metalwork and silversmith businesses need insurance?
Metalwork and silversmith businesses need insurance to protect themselves against potential expensive legal costs, repairs for damage and/or replacement of goods.
Not only this, but many crafting bodies that oversee craft fairs and craft shows will insist that you have insurance in place before you can trade.
Our comprehensive metalwork and silversmith business insurance covers all crafting fairs and events that you may wish to attend. You can read our dedicated blog about why you need craft insurance at fairs to find out more.
What is metalwork and silversmith insurance?
Metalwork and silversmith insurance is a type of specialist insurance that is specifically designed for the niche craft.
Due to the type of materials being used and the products made, it is vital that your business is protected against any potential claims made by third parties. It can also cover additional things such as equipment, tools, fire and theft.
How much does insurance for a silversmith business cost?
The cost of silversmith business insurance will vary on several factors, including:
- – The type of products you make and sell
- – The location and size of your business
- – The level of cover you require and the excess costs
Can I get insurance to sell metalwork at a craft fair?
Yes, at CraftCover, we provide comprehensive craft fair insurance that can be added onto your annual craft insurance policy.
We also provide one-off craft fair insurance that is perfect for those who only plan on going to two or three craft shows a year.