Hi all,I am new on folksy and planning on selling handmade jewellery. The process seems daunting,I am hoping for some advice please. Do you need to have insurance cover? What kind of insurance. Do you need liability insurance? Any help would be appreciated immensely. Thank you.
You will need product liability but also worth getting public as well, in fact most insurers cover both as standard. Lots of companies such as Ian Wallace, Direct Line, CMTIA. I am with A-N but they do have a strict criteria to join and more aimed at qualified than general crafters.
GM Imber do a craft insurance package for around £50 p a.
Depending on what kind of jewellery you make “The guild of jewellery designers” membership includes cover , around £80 pa.
Thank you so much for the replies. I don’t use any precious or semiprecious stones. I use just ordinary beads of all kinds glass/wooden/acrylic etc. Silly question but will ask anyway,why this insurance is needed? Has anyone had any bad experience? Thank you.
If someone buys a piece of jewellery and has an allergic reaction or something worse they can sue you for damages and costs, maybe loss of earnings if unable to work.
On another forum there was a lady who bought wedding shoes and altered them, adding rhinestones to the heals and main fabric of the shoes. A bride fell on her big day as the heal came off. She claimed that it ruined her wedding, honeymoon, reception etc. The company who sold the shoes sold them to be worn as is not to have the structure altered etc The crafter lost her home.
The sum involved as Deborah mentioned about £50 - £80 is small change to ensure you are protected. Would you drive a car without insurance?
Totally agree. Thank you again.Peace of mind is most important to me so PPL it is. Cheers.
The Guild of Jewellery Designers membership also comes with discounts at certain suppliers (there is a list on the website) which might prove useful as well as the insurance cover (which we hope we never have to use but have just in case).
Thank you Sasha.