The holiday season is one of the best times for art, craft, and book fairs. People are out shopping and willing to spend money on products they know their loved ones and close friends will love. The unique arts and crafts that you sell can increase your profits and help you gain more customers for life.
The fairs are also great for selling items because you can sell at many different shows, whether you are selling art and craft products at book fairs or you are at an art show and you are selling an artist’s books.
But what would happen if your booth collapsed and damaged the booth or products of the vendor next to you? The costs could be a few hundred dollars to thousands of dollars that you are responsible for paying. This is one reason why having insurance for artists and crafters who are attending different shows, fairs and events, including book fairs, is so important.
“But I don’t need insurance,” you might say, or, “Insurance is too expensive for me to afford.” If you listen to these excuses, you just might end up kicking yourself when you find that you really did need liability coverage after all. If you find yourself starting to give in to your excuses, remember the following:
- You actually do need insurance: Did you know that even the super wealthy who are worth billions of dollars have insurance? These men and women know that insurance can help them and their businesses in case something were to go wrong. The same is true in your case. Insurance isn’t meant to burden you or your business. On the contrary, it is there to help protect you.
- Insurance is not as expensive as you might think: You don’t need to spend thousands of dollars to get the liability insurance you need. It is okay to be worried about the costs of insurance, but don’t let that stop you from at least shopping around to see if any insurance companies offer policies you can afford. You might be surprised just how affordable insurance can be.
- It’s a matter of when, not if: Some catastrophe is going to happen to your business. It is a simple fact of life that things go wrong, and they usually go wrong at the worst possible time. Unfortunately, sooner or later, you are going to need insurance to help you pay expenses. When that day comes you are going to be very happy you didn’t make excuses.
- Some venues require you to have insurance: Don’t miss out on the revenue you could earn at some shows and fairs just because you don’t want to spend money on insurance. Do some research and ask friends and you will find an insurance policy that fits your needs.
Whether you specialize in paper crafts or jewelry, it is a good idea to ignore the excuses and look for an insurance policy that fits your needs.