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Insurance on Handmade Work
Jamie Santellano -
Wednesday, February 18, 2009 - 1:51am
Hi Guys and Gals, I've got a business question about insurance. Should I get the jewelry that I sent to the Gallery insured through my own policy even though it is already insured through the owner of the Gallery? I've signed a contract that had all the pieces listed that now reside in the Gallery, and on that contract it states that each piece is insured in case of damages, theft, etc. etc. Should these pieces be insured through my own policy(a small business policy???). Who would you suggest I insure these items with??? Would it be something that I could include under my homeowners insurance? I am also considering this for my sculpture as well... This probably sounds like a dumb question, but it's something I'm just not sure about and would like some feedback from you. If the Galleries insurance is good enough then why spend more money on something that HOPEFULLY will never be needed...on the other hand you never know what could happen. I don't like thinking that the worst could happen, but sometimes it does and that's when spending the extra money is worth it! Let me know what you think! Jamie  Thanks Fred, Yes all items
Jamie Santellano -
Wednesday, February 18, 2009 - 10:09am
Thanks Fred, Yes all items are well documented, and I ALWAYS insure when shipping...a habit I've gotten myself into. How do you approach the owner without being too forward in wanting to know the details? AGH! Sometimes growing up being responsible really sucks...LOL! Thanks Fred! Jamie Santellano  I made a post on the
eligius1427 -
Wednesday, February 18, 2009 - 10:56am
I made a post on the sandbox, but I think Fred's advice is really sound. This might not work for this situation, but put the need for proof of insurance in your contract. That way you can blame it on your "lawyer/accountant" and talk about it in the 3rd person if someone starts to give you fits(which should be a warning sign anyway). On about half of my jobs I have to provide proof of liability insurance, so people really shouldn't be bothered by the request, and if they are, you are probably being risky by selling there. Let us know what you decide. Jake Jake Balcom Thanks Jake, Yes I got your
Jamie Santellano -
Wednesday, February 18, 2009 - 11:43am
Thanks Jake, Yes I got your message, and replied...Looks like I have A LOT of homework to do... Thanks for all the help...it's much appreciated! Jamie Santellano  Insurance
visitor -
Wednesday, February 18, 2009 - 8:16pm
Hello Jamie, I had one piece of sculpture stolen from a gallery with their own insurance and I received 4 months later 40% of the price. Normally they paided me 60%, however they said their insurance only covered 40% of the cost. |
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ArtMetal
Jamie, If the gallery
Jamie,
If the gallery handling your work has insurace to cover damage and theft and you contract with then says that your pieces are covered under their policy, then you should not have to cover them under your own policy. If you are shipping items you should always insure for loss or damage.
It might be worth while to verify if they are fully insured under the Gallery policy and not just a percentage and that the gallery will reimbuse you in a timely manner. You are wise to consider these points and I am sure things will work out well. I suspect all the items you have on consignment are photographed and documented.
Fred Zweig
Metalsmith