Public Liability Insurance for Home Crafts Businesses and Artisans

PLI for Home Crafts Businesses and Artisans

For those in the home crafts and artisan businesses, it is especially important to purchase public liability insurance (PLI). Many business owners who enjoy sharing their craft works with the general public do not have a store front and must rely on craft fairs and booth setups often completed by others, which can leave these crafters at a potential safety disadvantage and a potential lawsuit. What if the booth was set up incorrectly and caused an injury or what if a customer tripped over an extension cord? Who pays for the injury and legal fees?

Of course, the craft fair or business sponsoring the event should have their own insurance in place, but if there is ever a question about who is responsible for customer safety in any incidence, it is best to be properly insured. Additionally, the crafter who purchases PLI may also be covered for a wide variety of other instances, depending on the insurance.

What is PLI?

So what exactly is public liability insurance? PLI is an insurance policy that many small businesses choose to purchase to protect them against financial distress due to lawsuits. The coverage extends to any injuries or deaths experienced due to owner or employee negligence.

The coverage may also extend to other areas of the business, including the following:

Injuries that occur on the business property, like a storefront or mobile store.

• Injuries to a third party due to negligence while making a home call.
• Injuries that occur during business calls or meetings outside of your place of business.
• Injuries that occur to a third party during use of your product.
• Injuries to a third party because of business equipment.
• Injuries sustained from knocked over stands or booths.
• Any legal fees associated with the lawsuit.

Coverage does not extend to the following:

Injuries which occur due to an owner or employee intending harm.

• Injuries sustained by the owner, employees, and vendors.
• Injuries that occur due to negligence on the part of event hosts.

How PLI Can Help Your Small Business

Should a customer become injured due to your negligence, your PLI insurance would cover the legal fees and compensation, both which can be very expensive. Lawsuit payouts can run in the tens of thousands of dollars, and many crafters and artisans would go bankrupt trying to cover that amount on their own. Thankfully, PLI can rescue the small business owner from such a fate.

What Can My Small Business Do to Help PLI?

Of course, public liability insurance is insurance, so to help keep your premiums down, you should do your part. Help prevent any accidents from occurring. Watch out for slip, trip and fall hazards. Try to keep your customers from injury.

Together, you and PLI can protect your business from bankruptcy, your customers from injury, and you from the stress of undue worry. When public liability insurance is part of your business plan, you can create and sell enjoyable artworks while protecting your livelihood.

Tagged as: Public Liability