Mark C. Posted May 8, 2022 Report Share Posted May 8, 2022 (edited) Well many here may not have this and do not need it but I do and have for many decades. Since I did many shows over time that required it. Over time this one time cheap poilicy (300$) has really gone up at the same time my exposure has really gone down (only 3 shows this year -two next year). Now for the 1st time I only need it for one event at a shopping center at xmas(and I need to name them on the policy ) The shows I now do have thier own coverage. Of cource its more than doubled in price. It was a two million poilicy with a 1k deductible . I have my agent cutting that back to 500K liablitiy and 3k deductible to get to the minimum of 500$ per year. This also covers my studio for 45K for fire insurance (homepolicy does not cover stutio) and 12 k for equipment . State Farm is my carrier as well I dislike insurance . This is an understatement Edited April 14, 2023 by Mark C. Rae Reich and elijahkrieger4 2 Quote Link to comment Share on other sites More sharing options...
Morgan Posted May 8, 2022 Report Share Posted May 8, 2022 Whoa! I have a million dollar policy and it is silly cheap, like $50/year. Quote Link to comment Share on other sites More sharing options...
Mark C. Posted May 8, 2022 Author Report Share Posted May 8, 2022 1 minute ago, Morgan said: Whoa! I have a million dollar policy and it is silly cheap, like $50/year. who is the insurer ? Quote Link to comment Share on other sites More sharing options...
Morgan Posted May 8, 2022 Report Share Posted May 8, 2022 I will check when I get home...pretty sure it is a local Hawaii company though. Mark C. 1 Quote Link to comment Share on other sites More sharing options...
Roberta12 Posted May 9, 2022 Report Share Posted May 9, 2022 I had this conversation with a friend who lives 150 miles south of me, and she was quoted $500 per year. Covers liability and her studio and equipment! Right now, mine is $425 per year. Liability, studio equipment, etc. State Farm for me. R. Mark C. 1 Quote Link to comment Share on other sites More sharing options...
neilestrick Posted May 9, 2022 Report Share Posted May 9, 2022 My insurance (Hartford) covers my shop/studio, product liability, art fair liability, and my kiln repair work, for $235 a month. A lot of that cost is the kiln repair work, because it's considered high liability since I'm working with things that use a lot of power and get really hot, and could in theory do a lot of damage if I do something wrong. My insurance broker said a lot of insurance companies won't even cover me because of the kiln repair work. They just don't want to take on the liability, even though there's never been a claim on my policy in the 18 years I've been in business (knock on wood). Roberta12 1 Quote Link to comment Share on other sites More sharing options...
JohnUmoru Posted April 13, 2023 Report Share Posted April 13, 2023 That's so frustrating. I hope you're doing well! elijahkrieger4 1 Quote Link to comment Share on other sites More sharing options...
Bill Kielb Posted April 13, 2023 Report Share Posted April 13, 2023 On 5/8/2022 at 12:10 PM, Mark C. said: and I need to name them on the policy ) Sorry to hear that. I have been entering contracts for years that require specific additional insureds. Sorry to see it’s caught up with your shows. Quote Link to comment Share on other sites More sharing options...
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