hurricanecreek15 Posted October 1, 2015 Share Posted October 1, 2015 Hi all its been a while. I have been super busy but I have a ? for candle makers and tart makers.I have read SEVERAL places that state when you sell your first candle you need insurance. While I do understand thiswhat about us small business owners that are just starting out and we are not even making the 450$ per year that the insurcance costs?? I would just like some feedback on what ya'll think. I really do understand the why. But I guess I just wonder why even try to sell if your not even covering your insurance per year. My second ? is do you need insurance if you are only going to sell Tarts? Not tart warmers or anything else just tarts. ?? Thanks in advance. Quote Link to comment Share on other sites More sharing options...
Belinda Posted October 1, 2015 Share Posted October 1, 2015 I've heard candle makers I know that have done this for years say they never had insurance and then I heard the other day from a person that a friend of hers was sued because of a fire that happened and was blamed on her tarts or something like that.Most people on here will tell you that ABSOLUTELY you need insurance whether you make candles or just tarts. I've been listening to my candle making friends that never got any insurance and haven't got any yet myself, but that's about to change, especially when I heard the story about the woman getting sued over a tart. Even though the woman that was being sued won, it still cost her lawyer fees etc.You defiantly need to have insurance. I got an email the other day from wholesale supplies plus about insurance that sounded very reasonable.HTH 3 Quote Link to comment Share on other sites More sharing options...
kandlekrazy Posted October 2, 2015 Share Posted October 2, 2015 Belinda,Could you share the info from WSP, if I recall from before they didn't cover candles just b&b and if they cover candles I'm interested in saving some $$. I don't see anything on their website Quote Link to comment Share on other sites More sharing options...
ChrisR Posted October 2, 2015 Share Posted October 2, 2015 I didn't even start giving people candles to test without having my insurance in place. In this crazy country, that is so sue happy, it's just plain idiotic to not cover yourself. I made absolutely nothing the first year with the testing I was doing and still thought it was worth the money I paid for the insurance. Personally, I feel if you can't afford the insurance, you shouldn't be making anything that can cause someone damage or loss of life! All it would take is one lawsuit to lose your house and everything you own! 4 Quote Link to comment Share on other sites More sharing options...
Jcandleattic Posted October 2, 2015 Share Posted October 2, 2015 I 100% agree with ChrisR. I did the same thing. I had insurance before even making them because I knew that I would eventually want to sell. Just because people who don't have it haven't had a problem, doesn't mean they won't. As Chris said, in this sue happy country it's better to be covered. Accidents happen, wouldn't you rather be safe than sorry? I know I sure would. 1 Quote Link to comment Share on other sites More sharing options...
MLG Posted October 3, 2015 Share Posted October 3, 2015 I am a junior high math teacher now, but in my "former" life I worked many years in a law firm. Moral of my story - GET INSURANCE!!!!!! It could be one of the most expensive lessons learned (and I'm not just talking financial). 1 Quote Link to comment Share on other sites More sharing options...
David Fields Posted October 3, 2015 Share Posted October 3, 2015 To my knowledge there are two types of insurance that we chandlers can get. Product liability insurance which is hard to get and expensive. The insurance underwriter has to verify your mfg techniques and get samples for testing before they will insure your products. Then there is general liability insurance which is much cheaper and easier to obtain. It covers things like trips and falls at shows. This is the insurance almost all of us have. We got insurance I guess fifteen years ago (and paid more then than we pay now!!! It pays to shop around). Anyway, it is a concern of ours but not a big one of being sued. First, they have to prove fault. Hard to do if you make a good product. Second, it is very rare to even hear of a fire as a result of a wax product. I don't even remember the last one. I think it's a function of ours times. Lawyers and the liberal media have us all bouncing like dogs to the dinner bell. A long time ago we bought some land and built on it. We never put up a fence. Too expensive for what it would do. Others in our area put up a fence (comparable in price to the cost of the land) and then put up a cheap home. They couldn't afford more because of the fence. We saw this time after time. I guess what I am saying is don't fret insurance too much. If it scares you everytime you sell a wax product that you might get sued, get insurance, lots of it. If it is not a major concern wait. You only have to have insurance when you open a store or to add an additional insured clause for a new wholesale customer that requires it. Last, from my experience, general liability insurance premiums are base on your yearly sales. Got to independent insurance companies for quotes. Don't just buy from the first one. We did that years ago and found that we were paying three times quotes from other underwriters. HTH Quote Link to comment Share on other sites More sharing options...
Guest OldGlory Posted October 3, 2015 Share Posted October 3, 2015 I think of this in terms of "what do I have to lose?" If you have anything of value (that you could be stripped of in a lawsuit) you should carefully consider your options. Quote Link to comment Share on other sites More sharing options...
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