TallTayl Posted December 28, 2017 Author Share Posted December 28, 2017 38 minutes ago, GoldieMN said: This was probably mentioned already, but "If you don't make soap or cosmetics and don't want to add it to your product line, then you don't qualify for membership in the HSCG and will need to look elsewhere for product liability insurance." (https://www.soapguild.org/insurance/insurance-faq.php). GoldieMN Good point. In that case indie business network is a better choice. When shopping for insurance, make sure the carrier understands the industry you are part of, and can/will process claims efficiently. The benefit of places like soap guild and indie business is they specialize in that type of business and can recommend and provide the right type of coverage for your operation. Quote Link to comment Share on other sites More sharing options...
Clear Black Posted December 31, 2017 Share Posted December 31, 2017 Has anyone used Zinc Insurance? It was the first link TT originally placed in this topic. https://insuranceforartists.com/#msie I just used their instant quote feature and it appears it would be less than $500/yr. Which seems pretty good. It also appears they work with you as many times as needed with the CoI's "Some of the shows and exhibitions in which you participate may require proof that you carry liability insurance. We will issue your Certificate of Insurance as evidence of coverage (free of charge) as many times as necessary during the policy term, including listing the show as an Additional Insured if required." Which is what I was looking for in the first place 1 Quote Link to comment Share on other sites More sharing options...
Paintguru Posted March 20, 2018 Share Posted March 20, 2018 It still seems like the HSCG is the best deal (~$410 for membership + insurance). Actually, can someone confirm, as it looks like they cover candles without the need to sell a "cosmetic or soap" as was the case in the past. What products are covered? Soaps, lotion, bath salts, perfume, essential oils, fragrances, candles, jewelry, clothing, fragrance oils, base oils, waxes, powders, masks, scrubs and just about anything else that is used to beautify the body, the home or the environment and is handcrafted. This list is not a full list, but a representative sampling of the kinds of products covered. Quote Link to comment Share on other sites More sharing options...
Paintguru Posted March 20, 2018 Share Posted March 20, 2018 Never mind, that caveat is still there. Still, easy enough to make a lip balm and put it in your product line, even if you sell zero. What if I only make candles but not cosmetics or soap? To qualify for a Professional Membership (and thus the insurance) you must make handcrafted soap and/or cosmetics. It doesn't have to be any particular percentage of your total revenue, just so long as it is somewhere in your product line. Remember, however, that the other benefits of HSCG membership are geared towards soapmaking. If you don't make soap or cosmetics and don't want to add it to your product line, then you don't qualify for membership in the HSCG and will need to look elsewhere for product liability insurance. Quote Link to comment Share on other sites More sharing options...
rhoops Posted April 5, 2018 Share Posted April 5, 2018 On 12/30/2017 at 8:12 PM, Clear Black said: Has anyone used Zinc Insurance? It was the first link TT originally placed in this topic. https://insuranceforartists.com/#msie I just used their instant quote feature and it appears it would be less than $500/yr. Which seems pretty good. It also appears they work with you as many times as needed with the CoI's "Some of the shows and exhibitions in which you participate may require proof that you carry liability insurance. We will issue your Certificate of Insurance as evidence of coverage (free of charge) as many times as necessary during the policy term, including listing the show as an Additional Insured if required." Which is what I was looking for in the first place Are you using these folks Clear? Quote Link to comment Share on other sites More sharing options...
Candybee Posted April 5, 2018 Share Posted April 5, 2018 On 3/20/2018 at 7:58 AM, Paintguru said: Never mind, that caveat is still there. Still, easy enough to make a lip balm and put it in your product line, even if you sell zero. What if I only make candles but not cosmetics or soap? To qualify for a Professional Membership (and thus the insurance) you must make handcrafted soap and/or cosmetics. It doesn't have to be any particular percentage of your total revenue, just so long as it is somewhere in your product line. Remember, however, that the other benefits of HSCG membership are geared towards soapmaking. If you don't make soap or cosmetics and don't want to add it to your product line, then you don't qualify for membership in the HSCG and will need to look elsewhere for product liability insurance. HSCG won't cover you if you only make candles. You have to make soap and or cosmetics. You'll have to find another carrier for candles. 2 Quote Link to comment Share on other sites More sharing options...
Clear Black Posted April 6, 2018 Share Posted April 6, 2018 13 hours ago, rhoops said: Are you using these folks Clear? I am not yet rhoops, but plan to initiate the process by the end of April. Let me know if you decide to go with them ya? Quote Link to comment Share on other sites More sharing options...
rhoops Posted April 6, 2018 Share Posted April 6, 2018 10 hours ago, Clear Black said: I am not yet rhoops, but plan to initiate the process by the end of April. Let me know if you decide to go with them ya? I'm not using anyone yet and quite honestly, I'm terrified to not have insurance, especially since I'm creating wine bottle candles. At the same time, we're so new that we don't yet have enough income to cover such a cost. Catch 22 I guess. I'll let you know if I pick them up. I've emailed them with some questions but haven't heard back yet. Quote Link to comment Share on other sites More sharing options...
kandlekrazy Posted April 6, 2018 Share Posted April 6, 2018 My quote from Zinc was $370 a year which is $100 cheaper, I couldn't find anything bad about them in searching so just may give them a try when my policy expires this year. 1 Quote Link to comment Share on other sites More sharing options...
Paintguru Posted April 7, 2018 Share Posted April 7, 2018 On 4/5/2018 at 10:17 AM, Candybee said: HSCG won't cover you if you only make candles. You have to make soap and or cosmetics. You'll have to find another carrier for candles. Right...but you only need one product on the soap/cosmetic side for them to also cover candles. Seems like the way to go. 1 Quote Link to comment Share on other sites More sharing options...
TallTayl Posted April 7, 2018 Author Share Posted April 7, 2018 5 minutes ago, Paintguru said: Right...but you only need one product on the soap/cosmetic side for them to also cover candles. Seems like the way to go. Exactly. Plus, with their power purchasing program saves me enough in office supplies (toner), copies, print jobs, etc annually to almost cover my HMSC annual fees. 1 Quote Link to comment Share on other sites More sharing options...
rhoops Posted April 9, 2018 Share Posted April 9, 2018 On 4/6/2018 at 9:56 AM, kandlekrazy said: My quote from Zinc was $370 a year which is $100 cheaper, I couldn't find anything bad about them in searching so just may give them a try when my policy expires this year. I have a called scheduled with them today. I'll get the skinny and pass it along to everyone. 1 Quote Link to comment Share on other sites More sharing options...
TallTayl Posted April 9, 2018 Author Share Posted April 9, 2018 It may help to print a list of coverage from indie business network and hsmg to compare. Cheaper may not mean equal coverage. Ask about costs to add insured. If you plan to vend at markets, many will require they be named on your policy. Not all places offer that, and not many for free. ask about costs to increase to $2 mill. Some of my places have increased the coverage mins. Then, estimate how much you spend, or budget to spend, on office supplies, like paper, toner, ink, etc. and shipping. The power purchasing program discounts to many places we use frequently. Ups and fedex savings I found are pretty significant. The insurance and membership of $420 saves me far more than that annually. HMSC (or whatever their newest acronym) aka the Soap guild membership literally pays for itself. Quote Link to comment Share on other sites More sharing options...
rhoops Posted April 9, 2018 Share Posted April 9, 2018 Sorry Tall, I got off the phone before I got your message, but in any event, here we go- This is for Zinc, or https://insuranceforartists.com/#close. You can make your choices for coverage. For $1 mil liability, 10k property, it's a master policy which runs Oct. 1st through Oct. 1st, with a prorated amount of $370 all due up front today. It would cover the wine bottle candles I make which was good to know. Come October 1, the policy needs to be renewed and then the actual full amount would be revealed at that time, somewhere between $400 and $550 as I was told. Seems to me like it would be more if $370 is prorated in April. I stopped there. I need to shop around more if I know I'm going to be bound by this dollar amount. Quote Link to comment Share on other sites More sharing options...
kandlekrazy Posted April 9, 2018 Share Posted April 9, 2018 3 hours ago, TallTayl said: It may help to print a list of coverage from indie business network and hsmg to compare. Cheaper may not mean equal coverage. Ask about costs to add insured. If you plan to vend at markets, many will require they be named on your policy. Not all places offer that, and not many for free. ask about costs to increase to $2 mill. Some of my places have increased the coverage mins. Then, estimate how much you spend, or budget to spend, on office supplies, like paper, toner, ink, etc. and shipping. The power purchasing program discounts to many places we use frequently. Ups and fedex savings I found are pretty significant. The insurance and membership of $420 saves me far more than that annually. HMSC (or whatever their newest acronym) aka the Soap guild membership literally pays for itself. They actually have it all online where you pick amounts for each and then it quotes you. What it doesn't tell you is the policy isn't for a full year, so the $370 quote was not really accurate. If I have to pay close to what the HMSC charges then it's not worth it to change because of the other benefits that I can take advantage of. 1 Quote Link to comment Share on other sites More sharing options...
iansmommaya Posted April 16, 2018 Share Posted April 16, 2018 On 4/9/2018 at 1:53 PM, kandlekrazy said: They actually have it all online where you pick amounts for each and then it quotes you. What it doesn't tell you is the policy isn't for a full year, so the $370 quote was not really accurate. If I have to pay close to what the HMSC charges then it's not worth it to change because of the other benefits that I can take advantage of. Wait. It isn't a full year? Quote Link to comment Share on other sites More sharing options...
kandlekrazy Posted April 17, 2018 Share Posted April 17, 2018 17 hours ago, iansmommaya said: Wait. It isn't a full year? That's what @rhoops is saying they told him on the phone. $400-500 for full year. Pro-rated thru Oct. Quote Link to comment Share on other sites More sharing options...
franu61 Posted March 15, 2019 Share Posted March 15, 2019 Anyone have any experience with Campbell Risk Management? Quote Link to comment Share on other sites More sharing options...
TallTayl Posted March 16, 2019 Author Share Posted March 16, 2019 17 hours ago, franu61 said: Anyone have any experience with Campbell Risk Management? Never heard of them. My only hesitation with places that do not specialize in candles (and other scented products) is how we would know if we are covered in a true event. Anyone can sell a policy. What it covers, and how difficult it might possibly be to file claims makes me twitchy. The only way to know for sure is to compRe apples to apples with their agent. Print out the information from Indie Business and Handmade Cosmetics for them to highlight what they cover and the final cost. Also factor in e tea insureds. My venues require they be named as added insured on my policy. Some places charge for that. HMSG does not. Also factor in the extra member benefits for both IBN and HMSG. Office max discounts and fedex group pricing save me a bundle every year, which often covers the cost of the membership/insurance and then some. 2 Quote Link to comment Share on other sites More sharing options...
TallTayl Posted February 10, 2021 Author Share Posted February 10, 2021 This is a rather old thread. Any new Insurance agencies, tips from the hive mind? Quote Link to comment Share on other sites More sharing options...
Craig Posted May 26, 2021 Share Posted May 26, 2021 Business insurance 2021. Anyone have any insurance companies they would recommend for liability for a candle business? So far the only one I have found is Nationwide and they seemed a little high. Quote Link to comment Share on other sites More sharing options...
TallTayl Posted May 27, 2021 Author Share Posted May 27, 2021 14 hours ago, Craig said: Business insurance 2021. Anyone have any insurance companies they would recommend for liability for a candle business? So far the only one I have found is Nationwide and they seemed a little high. I am still with the handmade soap and cosmetics guild. Bummer we have to join the guild, and that membership bumps up the insurance total price. Quote Link to comment Share on other sites More sharing options...
bfroberts Posted May 27, 2021 Share Posted May 27, 2021 I am still with the guild too. I've looked into every other company I've ever seen mentioned and not a single one of them offer coverage in my area. Quote Link to comment Share on other sites More sharing options...
Craig Posted June 2, 2021 Share Posted June 2, 2021 The lowest price that I've found for liability is $750 a year. That seems high to me, but maybe I'm just being unreasonable. Quote Link to comment Share on other sites More sharing options...
TallTayl Posted June 2, 2021 Author Share Posted June 2, 2021 12 minutes ago, Craig said: The lowest price that I've found for liability is $750 a year. That seems high to me, but maybe I'm just being unreasonable. Yeah that is high. If I remember right my annual cost for $1 million in coverage (including insurance and membership to the guild) is under $500. - closer to $450 now that they have an option for no property coverage. additional insured (ie markets, fairs, etc) are free. Quote Link to comment Share on other sites More sharing options...
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