How To Protect Your Craft Business Year-Round
When the event is over and the tents come down, many vendors return to home studios and workshops to keep working hard on their small business. Whether it’s a part time gig or a full time focus, what you do matters.
Your business protection shouldn’t end with the event—it can keep you covered during all the time in between craft shows, markets, and more. Here’s how you can protect your craft business year-round with ACT Insurance.
Coverage For Your Products
One of the biggest perks to the annual policy is having coverage for third-party damages and injuries caused by your products with product liability insurance.
Let's say someone cuts their hand on a sharp part of your product, or a bottle leaks and the liquid inside stains a surface, you would be responsible for the costs those incidents cause—such as medical bills or furniture repair.
Coverage For Online Sales
If you sell through your own website, or a third-party site like Etsy, it’s important to ensure your business is covered for electronic sales. With ACT, it is! Our annual policy combines general and product liability insurance into one simple plan; keeping you covered against some of the most common claims.
Our Cyber Liability coverage is an additional policy you can add on to your plan to help you in the case of cyber crimes. If your electronic payment system is hacked, customer information is ransomed, or your funds are stolen, this coverage could help you regain control of your business and cover financial losses.
Coverage For Events
With ACT Annual, you get year-round coverage at your events. You no longer have to buy a bunch of individual show policies each time you want to be a vendor. All the coverages you enjoy on the ACT Show Policy are included on the ACT Annual Policy—including unlimited additional insureds.
You also have the added protection of product liability coverage. If anyone is hurt by one of your products you sell at an event, you now have coverage for that.
Coverage For Your Business
The most popular add-on for the ACT Annual Policy is Tools, Supplies, & Inventory coverage. This can help you recover from theft or damages to your inventory, tools, booth supplies, and other items you use to run your business (including a laptop or electronic payment processor).
The annual policy also allows you to add-on Professional Liability Insurance, which is coverage for any live demonstrations or classes you may offer. Let’s say you host live crafting nights on your social media channels. Someone watching hurts themselves using a new paper cutting technique you’re showing, and they hold you accountable for their injuries. This coverage could help you cover the cost of their medical bills.
The Coverage You Need, All Year Long
The ACT Annual Policy makes it easy to keep your business insured year-round. You only have to worry about making a one-time payment—the rest is on us! You can easily manage your additional insureds, access your Certificate of Insurance, and adjust your coverage options at any point during your policy period. We also make it super easy to renew each year.
Why wait? Start protecting your business with the coverage thousands of artists and crafters rely on. Peace of mind is only a few clicks away!
NOTE: In order to qualify for the ACT Annual Policy, 80% of your products must be handmade.