We get a lot of questions from artists and crafters wondering if they need an annual liability insurance policy or if they should just buy a show policy. It comes down to how often you, as an artists, attend events and how much coverage your business requires.
If you are an artist, liability insurance might be the last thing on your list of things to think about, so when it comes time to purchase insurance for an art show or craft fair, you might just buy a show policy. The show policy is a great option. It might be perfect if you only attend one or two events a year, but if you attend more than two events a year or if you need additional coverage, the annual policy could be the better choice.
As you might have surmised, the annual policy covers you for a year so you don’t have to worry about buying a new policy before you attend each show or festival. It also offers additional coverage, such as product liability and business and personal property coverage–coverage that is excellent for arts and crafts professionals.
An annual policy from ACT offers coverage if a product causes someone personal injury. For instance, if you sell someone a bracelet or necklace and that person has an allergic reaction, you could potentially be held liable, and the annual policy is the policy that could offer insurance coverage in those kinds of situations.
If you would like to see a complete comparison of the annual policy and the show policy, click here.
The point of all of this is, if creating and selling art at shows, festivals, and other events is part of your life, if it is your business, the annual insurance policy is probably the best option for you.