Craft Focus - October/November 2023 (Issue 99)

28 What types of insurance is there for craft businesses? CraftCover.com is the first fully-automated insurance provider, designed especially for the Craft industry by a Craft hobbyist. Here’s a look into what the company offers... If you want to grow your craft business, you need to protect yourself with the right types of insurance. CraftCover provides businesses with bespoke, comprehensive craft insurance policies, no matter what craft you specialise in. Types of insurance for craft businesses Craft insurance can actually be tailored to your specific craft, including your equipment, end products and class (if you run a workshop). The different types of craft insurance include: • Public Liability Insurance and Product Liability Insurance • Craft Fair Insurance, or One-off Craft Fair Insurance • Craft Workshop Insurance Which types of insurance are important for craft businesses? Public Liability Insurance and Product Liability Insurance are typically the most important types of insurance for craftspecific businesses. You can even add on to these policies if you’re planning on heading to craft fairs or hosting workshops. Public and Product Liability Insurance Public Liability Insurance covers legal compensation costs that may arise due to a public injury as a result of your products or business operations. Product Liability Insurance protects you against the costs of compensation for personal injuries and loss or damage to a

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