Crafters insurance to protect you and your business premises
Depending on your requirements, you can have crafters public liability cover indemnity limits of £1 million, £2 million, £5 million or £10 million.
Cover for legal defence costs including compensation you may have to pay, up to your selected indemnity limit.
Tailor your insurance to include the options that suit your crafting business.
We offer a quick and easy Direct Debit instalment scheme so you can spread payment over 10 months.
If you interact with the public on a daily basis or your business activities are performed in a public area (e.g if you have a shop for your craft products), you need public liability insurance. It protects your business if a third party is injured due to your fault while at your premises or in a public environment.
Our crafters insurance offers tailored employers’ liability, which is a UK legal requirement if you employ any staff. This helps protect you with legal defence costs and compensation claims from employee injuries or work-related illness as a result of your negligence.
Our retail cover for crafters includes an automatic seasonal adjustment for busy times such as Christmas, allowing you to automatically increase your ‘sums insured’ stock levels by up to 30% for no extra cost.
If you have premises that could suffer loss or damage due to fire, flood, storm and other specific insurance perils, such as burst pipes, this could cause your trading to be disrupted until the premises are repaired. Our business interruption insurance can help you protect your fixed expenses and the loss of gross profit suffered whilst you are unable to trade normally.
When you need to make a claim, we'll guide you through the process and get your claim settled as quickly as possible.
Our policies are not suitable for small crafting businesses which are based at home and only requiring public liability insurance.
We specialise in providing cover for crafters who have a business premises and require a range of covers including stock and public liability insurance as minimum. Other options can be added, such as employers liability, product liability, business interruption and contents cover.
We can cover an number of craft trades, including:
The cost of your crafters insurance will depend on what your business is and therefore how much cover you require. This will determine the level of risk for the insurer.
Your public liability insurance cost will depend on a number of factors, including:
Public liability insurance is not usually a legal requirement like employer’s liability insurance, but there aren’t many businesses that can safely operate without this protection.
Despite all the precautions under the sun, accidents can and will happen, and being vulnerable to a lawsuit can spell disaster for a growing business. As our public liability insurance can cover up to £10 million, the importance of having this protection is clear.
While public liability insurance is therefore not required by law, it is likely to be necessary for your business to operate successfully.
No, public liability cover is not a legal requirement, but as you will have employees under you supervision and control you will have a legal duty to arrange employers liability insurance. This cover will normally be bought alongside public liability cover.
Yes, public liability insurance is tax deductible when calculating taxable profit, as an 'allowable expense' (an expense you can deduct when calculating taxable profit for your tax return). It is included in HMRC’s definition of allowable expenses.
When you buy your public liability insurance, be sure to keep your receipt and your policy documents safe so that you can show your tax calculations if your business is checked by HMRC. Also, if you have an accountant that does your tax return, you will need these documents to show them the cost of your cover so they can calculate it correctly and ensure your public liability insurance is tax deductible.
While public liability insurance provides cover against claims from members of the public for damage to their property or bodily injury caused to them due to your negligence. Employers' liability insurance protects the business from allegations of accidental bodily injury or illness to employers sustained whilst engaged in business activities for you. If you are at fault the policy will initially cover your legal defence costs and then will pay any court awards for injury.
As soon as you become aware of a claim or potential claim being made against you for injury or damage:
We recommend that you:
If you accept liability before referral to your insurer’s then you could prejudice you and your insurers' ability to defend any claim made against you.
To help you spread the cost of your premiums, we offer a quick and easy direct debit instalment scheme for spreading payment over ten months, through our preferred provider, Premium Credit Limited (PCL). Please visit our dedicated instalment Direct Debit page to find out more.
A variety of payment options are available and the interest transaction charge and annual percentage rate (APR%) vary according to the amount of the premium, the number of monthly instalments and type of premium finance scheme selected. We will give you full details of the additional amount payable, instalment amounts, number of instalments and APR when you ask us for a quotation.
Towergate can offer public liability insurance policies with cover from £1 million up to £10 million or higher. The amount you need will depend on several aspects:
When you are contracting with companies, please check with them to find out if there is a minimum amount of public liability insurance required.
Yes, if you are also involved in other trades, we can look to expand your policy to cover them. Please talk to us for more information.
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