[TheForge] insurance

[ries]

I have a general liability policy that also covers my buildings and  
equipment, even including my metalworking library and slides.
I got it from Safeco, but now Safeco got bought by somebody else- I  
think its called Liberty now.
Its just a general business liability policy, not a blacksmith  
specific one.
Not particularly cheap.
I needed a one million dollar liability policy- virtually every big  
developer, contractor, or public art project I work on requires a  
million, as a matter of course.
And that, in and of itself, is around $1000 to $1400 a year. My fire,  
theft, and damage policies for my shops and equipment and work in  
progress are all on top of that- but I have over 10,000 sq feet under  
roof, including 6 buildings, 3 of em new pole barns, so my premiums  
are a lot higher than somebody's would be for one small shop.

ries


On Feb 16, 2010, at 3:28 PM, Peter Fels & Phoebe Palmer wrote:

We make a living at this and need to cover our shop/studios.

dann at wctatel.net wrote:
>
> Five or so years ago, I had an insurance issue respective to my farm  
> shop.
>
> As long as it was just for my own farm repair, I had coverage. However
> when I mentioned  doing "blacksmithing" it raised a red flag. The
> insurance company notified me that they were going to drop me.
>
> At first I thought it related to the potential liability of doing  
> custom
> work and welding,  but it  went farther than that.  Even making for  
> items
> to sell at Rendez Vous &  Ren Faires would result in the underwriter
> dropping my insurance.
>
> Farm use as OK, as long as it wasn't being used for "commercial"  
> purposes.
> As a result of my mentioning "blacksmithing"  I had to sign a rider  
> that
> my shop would not be used for commercial purposes, to keep my farm  
> policy.
>
> The scope of the issue was that they were dropping all  my insurance  
> on
> all of my farm buildings.  They way I understood it, even me buying a
> separate policy for the shop, I still couldn't get them to "just"  
> exclude
> my farm shop.  That ended my thoughts of trying to turn the hobby into
> generating some income.  A separate, 2nd "off farm"  blacksmith shop
> wasn't in the cards for me.
>
> Dann
>
>> What carrier/ company?
>> L Brown
>>
>>
>> At 07:36 AM 2/12/2010 -0500, you wrote:
>>> I just got sent a letter from my insurance company that my  
>>> insurance will
>>> be
>>> dropped on 4/24/2010 because they are no longer insuring railing
>>> companies.
>>> Isn't that a load of crap.
>>> --
>>> John Allen
>>> Country Metals, LLC
>>> (856) 542-4316 (cell)
>>> (856) 504-0087 (fax)
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>
>
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Ries Niemi
Industrial Artist
http://www.riesniemi.com/