...does your likelihood of being sued go up to warrant the cost?
Let me be clear: I was a paralegal for 10 years. If anything can teach a person the importance of being protected from a lawsuit, its spending a decade around lawyers.
OTOH - boy, the numbers just don't add up. My first foray into researching this was to go to the Soapmaker's Guild...$500 a year! WTF...I can't see spending that much in SUPPLIES for a year, much less that much for insurance. So I'm still reeling from that sticker shock.
Even if I find a policy at half that price, $250, how does that make sense when you are a casual hobbyist that might make $200 in a year - tops? Plus you are only dealing with people you have known for years...I could probably just recoup my costs from friends and family and never give soap to someone I don't trust.
But then I'd be spending nearly the same amount in insurance than I am in SUPPLIES - that makes my head hurt.So - for you hobbyists that don't have an official business - please add your thoughts. If you are in that category of soap maker - do you have insurance? If so, what kind of premiums are you paying? I don't think anything over $50 a YEAR would make sense for a person like me, would it?
I did go to one of the other insurance website - crap, can't remember the name of it...but I'm totally embarrassed to contact them with a question like: "I don't have a business and don't plan on making more than $200 a year - what kind of policy should I get?" I am sure the underwriters sitting in front of their computers will have quite a chuckle at THAT email!!!!
I guess there are worse things than giving some white collar worker their laugh of the day.