Small Business OwnerAs an artist, you may spend a lot of time creating items that are very valuable to you. That value can be hard to put a price tag on. Turning your talents into a business can be a fantastic way for you to build a long-term career, though.

If you are considering selling your crafts or other handmade crafts, you'll need to consider the importance of business insurance. Like any type of business, you may need insurance that is specific to the type of product you sell and to the specific risks your business faces.

What are the most important types of coverage for artisan retailers?

Protecting Your Assets

Artisan retailers need to have property insurance. No matter if you rent or own your location, it is important to have coverage on that space.

This can help to cover the structure itself as well as any contents within it, including your artisan crafts or other items you plan to sell. It should also help cover other assets such as your furnishings, equipment, and computer systems. The right combination of coverage here can minimize losses in events such as fires or theft.

Liability Insurance

Artisan retailers may face a wide range of liability risks. If you produce food or any type of product that your buyers can consume, you may need to have liability insurance to protect you. Product liability can be a concern if you produce any item that could harm a person, such as in the way the consumer uses it.

Liability insurance also should include risks related to the operation of your business. Someone could fall and be hurt in your space. They could sue you for the medical bills they have to pay. You may also need liability insurance for cyber liability and employee claims.

Artisans often do not want to spend time worrying about these factors. You want to spend time with your customers and your creations. However, to continue to provide a high quality of product to your customers, you need to keep your business open.

The proper combination of business insurance can make sure that is possible in a variety of instances. Work with a business insurance agent to create a custom policy for your individual situations.

Does your establishment have the right coverage? Call Buschbach Insurance at (708) 423-2350 for a free Chicago business insurance quote.
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