MONDAY, DECEMBER 14, 2015
 Your business relies on your skills. You may be a carpenter who can produce incredible handcrafted tables. You could be a cabinet maker, a sculptor or even a florist. No matter what type of artisan business you have, your business needs proper insurance protection in place to keep you financially protected from the risks you face. Crafters and artisans have a very different focus for their business and often are some of the most dedicated business owners. Yet, without proper insurance protection, your company could face extensive loss and financial struggles from a single claim.
Protect Your Building and Assets
There's no doubt your skill is the most important asset you have, but most artisan businesses also use tools. You might have a workshop or a business location as well. Additional assets could include an inventory of product to provide to your customers. These are assets that require the use of property insurance to protect them from loss such as from fire, vandalism or theft.
Protect Against Liability Risks
The product you manufacture might fail and someone could get hurt as a result. What happens in this situation? If you have adequate liability insurance, you reduce the risk of having to pay out of pocket for associated losses. Moreover, you'll be able to protect against other risks associated with customers getting injured on your property.
What Else Should You Have?
From here, specialize your business insurance to meet your company's specific risks. This may include insurance products such as the following:
- If you operate a vehicle as a component of your business, Commercial Auto Insurance is often necessary.
- Do you have employees working for you? Workers Compensation Insurance might be necessary under your state's laws.
- Business Interruption Insurance can help minimize the loss you face by being unable to sell your product because of a covered incident, such as a fire.
A customized insurance plan is often the best way to keep all of your assets protected. Artisan businesses are often the most at risk of having to shutter their doors if a sizable claim occurs. With business insurance, you can have a bit more peace of mind knowing you're covered.
Are you covered? Call McInnis Insurance Services, Inc. at (844) 926-0860 for more information on Baton Rouge LA business insurance.
Which types of coverage do you find essential to your artisan business? Let us know in the comments.
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