Home Business/Show Insurance

Aimee May 18, 2010 at 11:07am

I'll give you a call today or tomorrow. I have a transient vendor liscense for Ohio

Christopher Alexander said:

Hi Aimee,

I would have to make sure that the business qualifies for a policy with RLI, but I would enjoy the chance to speak with you about a policy. Depending on what you do, where you are at and the limits you need - I can usually get crafters started with a policy roughly between $175-$250 for the year.

My direct # is 866-741-6560

Aimee said:
Chris, I would like to talk to you about a quote. Show season starts for me in July, and I have no coverage yet (this is my first season).

Christopher Alexander May 18, 2010 at 10:55am

Hi Aimee,

I would have to make sure that the business qualifies for a policy with RLI, but I would enjoy the chance to speak with you about a policy. Depending on what you do, where you are at and the limits you need - I can usually get crafters started with a policy roughly between $175-$250 for the year.

My direct # is 866-741-6560

Aimee said:

Chris, I would like to talk to you about a quote. Show season starts for me in July, and I have no coverage yet (this is my first season).

Aimee May 18, 2010 at 10:44am

Chris, I would like to talk to you about a quote. Show season starts for me in July, and I have no coverage yet (this is my first season).

Christopher Alexander May 18, 2010 at 9:45am

The big consideration here is that the property or cash is always in your care, custody or control - that basically means that you are taking reasonable precautions to make sure the valuables are safeguarded - if stuff is in the car, make sure the car is locked. If stuff is at your booth, make sure you are in the booth and do not leave it unattended...as long as the property is being safeguarded and a covered loss occurs, you would not have to worry.

In terms of the limits of coverage, the most we cover for money and securities (cash and checks) is $10K at the home and $5K away from the home. In terms of inventory, tools, materials, home office equipment - this goes up to $100K in $100 increments...

In terms of your scenario, the cash would probably be covered under the Business policy - most auto policies tend to exclude any property that is used for a commercial purpose (you may want to consult with your personal auto carrier, but this is how most auto polcies follow). The restaurant probably would not cover it bc most of them have some sort of "not responsible for lost or stolen goods" notices for the public.

Chris Hoyt said:

Chris,

Thanks for coming over here.

You mention theft from vehicles. Lately I have come across some fellow exhibitors who have had their trucks broken into at restaurants after a show on Saturday night, and had their cash bags stolen. One had upwards of $10,000 taken. How is that covered? You? The auto policy?The restaurant's policy? And are there limits as to how much is covered in a case like this?

Also, what about theft at shows? How is that handled?

We need straightfoward information, and I'm glad you're here to tell us.

Thanks

Chris Hoyt May 18, 2010 at 6:57am

Chris,

Thanks for coming over here.

You mention theft from vehicles. Lately I have come across some fellow exhibitors who have had their trucks broken into at restaurants after a show on Saturday night, and had their cash bags stolen. One had upwards of $10,000 taken. How is that covered? You? The auto policy?The restaurant's policy? And are there limits as to how much is covered in a case like this?

Also, what about theft at shows? How is that handled?

We need straightfoward information, and I'm glad you're here to tell us.

Thanks

Christopher Alexander May 17, 2010 at 2:34pm

The Business Property is covered at the Home, In-Transit to a Show and while someone is at a show - we do not cover autos or trailers, but the Business Property inside would be covered if there was an accident or if someone forced their way into the car and stole something for example.

Michael Skeen said:

Christopher,

I think someone had a question as to whether your policy covered losses to and from a show in addition to at the show and at the home shop?

Thanks
Mike

Christopher Alexander said:
Hi Michael,

What we offer is a standard Business Owners Policy (BOP) - to qualify for the policy, an individual must run the business from the home, other than when attending shows and they must fit into one of our pre-qualified business classes. There are many classes - artists, crafters, ceramic artisits, windshield repair reps, interior window treatments - just to name a few.

What is basically cover is Business Property (inventory, tools, raw materials, etc.) and Business Liability (someone trips in your booth or someone claims your product injured them).

The premiums for the policy depend on the limits one chooses for the Property and Liability coverage but most of the policies that I write are generally between $150-$250 for the year - this includes as many shows as you want, anywhere in the country.

Any more questions - let me know.

Thanks

Michael Skeen said:
Thanks for posting Christopher. I know that people are interested in finding some of the specifics of what is covered so that if they compare, it is based on similar coverage.

Michael Skeen May 17, 2010 at 2:31pm

Christopher,

I think someone had a question as to whether your policy covered losses to and from a show in addition to at the show and at the home shop?

Thanks
Mike

Christopher Alexander said:

Hi Michael,

What we offer is a standard Business Owners Policy (BOP) - to qualify for the policy, an individual must run the business from the home, other than when attending shows and they must fit into one of our pre-qualified business classes. There are many classes - artists, crafters, ceramic artisits, windshield repair reps, interior window treatments - just to name a few.

What is basically cover is Business Property (inventory, tools, raw materials, etc.) and Business Liability (someone trips in your booth or someone claims your product injured them).

The premiums for the policy depend on the limits one chooses for the Property and Liability coverage but most of the policies that I write are generally between $150-$250 for the year - this includes as many shows as you want, anywhere in the country.

Any more questions - let me know.

Thanks

Michael Skeen said:
Thanks for posting Christopher. I know that people are interested in finding some of the specifics of what is covered so that if they compare, it is based on similar coverage.

Christopher Alexander May 17, 2010 at 12:48pm

Hi Michael,

What we offer is a standard Business Owners Policy (BOP) - to qualify for the policy, an individual must run the business from the home, other than when attending shows and they must fit into one of our pre-qualified business classes. There are many classes - artists, crafters, ceramic artisits, windshield repair reps, interior window treatments - just to name a few.

What is basically cover is Business Property (inventory, tools, raw materials, etc.) and Business Liability (someone trips in your booth or someone claims your product injured them).

The premiums for the policy depend on the limits one chooses for the Property and Liability coverage but most of the policies that I write are generally between $150-$250 for the year - this includes as many shows as you want, anywhere in the country.

Any more questions - let me know.

Thanks

Michael Skeen said:

Thanks for posting Christopher. I know that people are interested in finding some of the specifics of what is covered so that if they compare, it is based on similar coverage.

Michael Skeen May 17, 2010 at 11:44am

Thanks for posting Christopher. I know that people are interested in finding some of the specifics of what is covered so that if they compare, it is based on similar coverage.

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