TallTayl Posted January 5, 2017 Share Posted January 5, 2017 Make sure you stay up-to-date on all the happenings of the HSCG! Special Announcement Dear Shannon, NEW Lower Cost General & Product Liability Insurance Option Introducing another insurance option for HSCG Members! Members now have the option of purchasing a General & Product Liability Policy with their Professional Membership that is $110 less per year than our regular policy. This policy contains $1M in liability coverage, includes candles, has no gross sales cap and is available in all 50 states. Available for $265/year The major difference in this policy option over our full coverage is that this option does NOT contain any coverage for property. If you do have a well established business with a good amount of property, we recommend the full coverage policy to include your business property. When purchasing insurance coverage for your business, be sure to look at what the policy actually covers, the restrictions and any associated fees, to make the best possible decision. RLI (see below) is a great option for businesses that are just starting out and making less than $5,000 gross sales/year and you can still be an HSCG Member! The chart below gives you the major differences in both of the policies available with HSCG Membership as well as the policy from RLI to help you make the best decision for your business. HSCG Professional Membership is $140/year. You have the option to purchase a membership with or without insurance and either policy is available. Purchase Membership/Insurance Insurance Info Sincerely, Leigh O'DonnellHSCG Executive Director Phone: 1.866.900.SOAP Phone: 1.518.306.6935 Connect with us: | Quick Links | Member Login How-To Library Membership Dashboard Lye Calculator Insurance FAQ HSCG Members-Only FB Group Suppliers & Discounts Annual Conference HSCG Management HSCG Blog - Cut To The Trace Certification Program Office Hours/Holiday Closures Handcrafted Soap & Cosmetic Guild | 866.900.7627 | www.soapguild.org | 178 Elm St. Saratoga Springs, NY 12866 * PLEASE NOTE: If you unsubscribe to this email, you will be unsubscribing to all future member eNews blasts from the HSCG. 4 Quote Link to comment Share on other sites More sharing options...
Shar Posted January 5, 2017 Share Posted January 5, 2017 Oh no, I just renewed mine through WSP's Handmade insurance last night. Quote Link to comment Share on other sites More sharing options...
kandlekrazy Posted January 5, 2017 Share Posted January 5, 2017 Oh this is great news!! Includes candles, I'm so excited. I've been hunting to save on my $500 a year policy which is up this month, yay! 2 Quote Link to comment Share on other sites More sharing options...
Shari Posted January 6, 2017 Share Posted January 6, 2017 I too recently renewed mine and went with WSP. Bummer, well hopefully next time. Quote Link to comment Share on other sites More sharing options...
Candybee Posted January 6, 2017 Share Posted January 6, 2017 (edited) Mine comes up for renewal in March. I'm pretty sure I need the property and will look it over in more detail... but its nice to know there is now another option. Hmmm.... I don't remember getting this email from them. Or maybe I deleted it by mistake? Edited January 6, 2017 by Candybee Quote Link to comment Share on other sites More sharing options...
iansmommaya Posted January 6, 2017 Share Posted January 6, 2017 <3 Quote Link to comment Share on other sites More sharing options...
Candybee Posted January 7, 2017 Share Posted January 7, 2017 Looks like the new cheaper option still covers any business location. That's a must have for me since I do markets and fairs all over the state. I am also glad that it also includes other insureds as some markets are beginning to require it along with proof of insurance. Quote Link to comment Share on other sites More sharing options...
Jcandleattic Posted January 8, 2017 Share Posted January 8, 2017 I got mine in the mail the same day this was posted. Good news for me since my renewal is up in Feb. Quote Link to comment Share on other sites More sharing options...
Siren12 Posted January 9, 2017 Share Posted January 9, 2017 fantastic! i think i paid over $500 last year, i know mine is going to be up soon i'll need to look into this. I didnt realize they would cover candles when i first looked at them Quote Link to comment Share on other sites More sharing options...
Jcandleattic Posted January 9, 2017 Share Posted January 9, 2017 Just now, Siren12 said: fantastic! i think i paid over $500 last year, i know mine is going to be up soon i'll need to look into this. I didnt realize they would cover candles when i first looked at them That's the main reason I got the insurance was because of the candles. Before I had them I had State Farm and it was $800 a year for me, so even at the $500 it was a bargain. However, cheaper is always better. .. LOL 2 Quote Link to comment Share on other sites More sharing options...
Scented Posted February 5, 2017 Share Posted February 5, 2017 We just renewed and somehow we're still in the $495 range is what it turned out to be for us. I'm not sure that we saved a thing. Quote Link to comment Share on other sites More sharing options...
kandlekrazy Posted February 5, 2017 Share Posted February 5, 2017 9 hours ago, Scented said: We just renewed and somehow we're still in the $495 range is what it turned out to be for us. I'm not sure that we saved a thing. If you weren't already a member paying the dues it really doesn't save you much since you have to be a member to buy the insurance. Quote Link to comment Share on other sites More sharing options...
Jcandleattic Posted February 5, 2017 Share Posted February 5, 2017 I need to renew this month. UGH I hate it, but it's one of those necessary evils... Quote Link to comment Share on other sites More sharing options...
Candybee Posted February 5, 2017 Share Posted February 5, 2017 I squirled away some savings from last fall's craft shows just for paying my biz insurance for this year. Scented-- aren't you already a member? If your bill using the cheaper version was $495 you only saved $20 and not $110. I am confused. Did membership go up? Quote Link to comment Share on other sites More sharing options...
Jcandleattic Posted February 5, 2017 Share Posted February 5, 2017 My total this year was $410 - Membership $140, basic insurance $265, $5 admin fee... It's not cheap for sure, but is sooooo worth the peace of mind... Standard coverage is higher at $375 but I don't think I need that much coverage, so I opted for the "Minimum" or basic... Quote Link to comment Share on other sites More sharing options...
Candybee Posted February 5, 2017 Share Posted February 5, 2017 $410 sounds about right by opting for the cheaper coverage. I paid $520 last year for membership and full coverage. It will be nice to save some money with this new option! Quote Link to comment Share on other sites More sharing options...
Scented Posted February 9, 2017 Share Posted February 9, 2017 On 2/5/2017 at 9:32 AM, kandlekrazy said: If you weren't already a member paying the dues it really doesn't save you much since you have to be a member to buy the insurance. We saved some, but the option was open to all members no? However we have to claim the professional status and we're thinking that's why it was more. Not a clue, but we're paid and operating and it was still lower than last year. We should seek out the reason, but it appears that the reason might fall in how a biz categorizes itself? Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.