Liability Insurance

[Natasha M]

I’m trying to find out where I can get basic liability insurance. I’ve looked into HSCG but it’s almost $500 to cover soap and candles. That’s an arm and a leg at the moment. I don’t mind starting with candles only.

[Jcandleattic]

With HSCG you aren't just buying insurance, you are also buying a memebership to the club, which is why it's so expensive. 

You can try RLI insurance and I think there are a few other places. I know it's a subject brought up quite often here, so you can do a search on insurance and see what comes up. 

[TallTayl]

The membership part of  HSMG pays for itself for me just in discounts to Office Depot.

 

 

 

[Candybee]

Coverage for soap and candles starts at $265. It goes up to $375 to include property coverage. I don't see any plans that cost $500. You sure you looked at the HSCG website? HSCG Comparative Insurance Costs

[Shari]

You have to pay the 150.00 membership fee on top of the insurance cost.  It's so worth it to me and give me a piece of mind.

[Flicker]

6 hours ago, Jcandleattic said:

With HSCG you aren't just buying insurance, you are also buying a memebership to the club, which is why it's so expensive. 

You can try RLI insurance and I think there are a few other places. I know it's a subject brought up quite often here, so you can do a search on insurance and see what comes up. 

RLI no longer covers candles as far as I know. But honestly I think $500 for year including the membership is a bargain! The last year I crafted and sold my product liability insurance was several thousand. I've never found one as cheap as these.

[Flicker]

Also remember, general liability insurance is NOT the same as product liability when shopping around. I wrote an article on this many moons ago that is still on The Candle Cauldron.

[TallTayl]

More and more venues require insurance to attend, and require they be named on the certificate. 

 

Insurance is simply a cost of doing business. 

[Natasha M]

Yes it’s those membership fees that bring up the price. I honestly don’t know if I’d be ready for a full blown business. Maybe within a year but even gifting a candle I make is a scary thought because some people are so sue friendly. A few family members & friends would gladly buy my products but I feel iffy not having insurance....I guess maybe HSCG would be the way to go.

[TallTayl]

Make it part of your business plan. You’ll need to do the initial startup with whatever legal and license requirements necessary by your state/city anyway.

 

indie business network is good too. Their forums are very helpful to new business owners.