soapbuddy Posted September 8, 2006 Share Posted September 8, 2006 I am forwarding this email I just received:Insurance Is Here!!!After several months of research and negotiations, I am pleased to announce that the Handcrafted Soap Makers Guild, Inc. is now offering an insurance plan as part of the membership benefits!Starting immediately (today), when you sign-up, renew or extend a Soapmaker-level membership in the HSMG, insurance will be included and will be in force as soon as the information is verified and your payment is processed. The group policy provides $1 million product and general liability insurance and some "miscellaneous articles" coverage.A "Frequently Asked Questions" (FAQ) is available at www.soapguild.org/public/insurance.php. As various additional questions come up they will be added to the FAQ and posted to the website.We've set up an email address just for insurance matters. If you have any questions, concerns or suggestions about the HSMG offering this benefit, please email insurance@soapguild.org. For questions about the coverage and policy itself, please read the FAQ and, if that doesn't do it, contact the agent, David Fox, at SoapGuild@CalNorth.comThis is an exciting expansion for the HSMG and has the potential to raise our entire industry up a few notches. I'd love to hear from you about what you think about it.And, of course, please spread the word about this new member benefit!! Feel free to forward this email and/or post this information and the links to appropriate group, board or chat. Quote Link to comment Share on other sites More sharing options...
Bunny Posted September 8, 2006 Share Posted September 8, 2006 Thanks so much for the update! Quote Link to comment Share on other sites More sharing options...
sandyrose Posted September 8, 2006 Share Posted September 8, 2006 I'm new to this and I was stressing about where to get insurance.. this sounds just perfect! Thanks so much for posting this, it wold have taken me a long time to find it on my own!!! Quote Link to comment Share on other sites More sharing options...
sandyrose Posted September 8, 2006 Share Posted September 8, 2006 Is this kind of expensive? Is that really $416 per year for the insurance? I thought it would be much cheaper. Is that really what insurance costs in this business? Quote Link to comment Share on other sites More sharing options...
Crafty1_AJ Posted September 8, 2006 Share Posted September 8, 2006 Some folks have paid MUCH higher premiums than that. Around here, candle coverage ONLY (no B& will set you back about $600. Quote Link to comment Share on other sites More sharing options...
CountryGal Posted September 8, 2006 Share Posted September 8, 2006 I haven't been able to find anything under $800 per year. It's quite inexpensive actually. Quote Link to comment Share on other sites More sharing options...
sandyrose Posted September 8, 2006 Share Posted September 8, 2006 Is it any cheaper if I'm ONLY doing B&B.. no candles? SOrry, I'm not a cheapskate, just BROKE! Quote Link to comment Share on other sites More sharing options...
LaVida Posted September 8, 2006 Share Posted September 8, 2006 Oh my goodness... that's STEEP! I don't even make that much in sales per month.... Quote Link to comment Share on other sites More sharing options...
Erin Posted September 8, 2006 Share Posted September 8, 2006 Thanks for posting the information Soapbuddy! Quote Link to comment Share on other sites More sharing options...
CareBear Posted September 8, 2006 Share Posted September 8, 2006 Besides it is nice to protect our limited assets (ssuming I had some, and assuming I was selling....), a lot of venues require you to have insurance to sell there. Quote Link to comment Share on other sites More sharing options...
sawyer's moon Posted September 8, 2006 Share Posted September 8, 2006 Just submitted my application! Woo hoo - now I can really open up for business!!!!!Jen Quote Link to comment Share on other sites More sharing options...
thecandlespastore Posted September 8, 2006 Share Posted September 8, 2006 There is also a discussion on this in the Business area. I am looking into signing up and making a switch... Quote Link to comment Share on other sites More sharing options...
soapbuddy Posted September 9, 2006 Author Share Posted September 9, 2006 Thanks for posting the information Soapbuddy! You're welcome! I have RLI now, but they won't be able to cover me next year. Quote Link to comment Share on other sites More sharing options...
Noodle Posted September 9, 2006 Share Posted September 9, 2006 Is this kind of expensive? Is that really $416 per year for the insurance? I thought it would be much cheaper. Is that really what insurance costs in this business? This is so cheap for me that I want to do a dance of joy. Seriously, I pay around $2,000 annually for full coverage in my state without candles. It is a low risk business. It is wonderful that we can get rates that are so low. Quote Link to comment Share on other sites More sharing options...
lindsaycb Posted December 5, 2006 Share Posted December 5, 2006 okay...am I confused?I have to pay $480 to be a member of HSMG & pay the additional insurance premium?OR, does that $480 include basic HSMG membership? Quote Link to comment Share on other sites More sharing options...
CareBear Posted December 5, 2006 Share Posted December 5, 2006 "The insurance is included in the membership benefits. A Basic Soapmaker membership in the HSMG is now $480.00." Quote Link to comment Share on other sites More sharing options...
lindsaycb Posted December 5, 2006 Share Posted December 5, 2006 Okay, that's what I was kind of thinking it all meant, but I wanted someone to clear my head on it allTHANK YOU THANK YOU THANK YOU 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.