Forum

Replies

  • Jeanne Morningstar Kent January 26, 2015 at 12:40pm
    I have been a vendor for many years, but last year, I finally decided to buy insurance. My studio is in my house, but my home insurance would not insure my my studio, equipment or finished work or a booth space. There was one mentioned here that I contacted and they cover everything including liability. With the world in a sue happy state of mind, I feel I really need it. No, it is not cheap for those of us who don't earn a lot, but it would be worse to loose everything or if someone got hurt in my area or in one of my classes. Peace of mind is important to a creative mind.
    • Connie Mettler > Jeanne Morningstar Kent January 26, 2015 at 1:51pm

      So true, Jeanne, and also why I use an accountant to finish up my taxes. Who needs the worry about this kind of thing, when in the long run, it is really worth the peace of mind. 

  • Ross Graham January 26, 2015 at 11:39am

    Hi Lisa,

    I see that you ended up purchasing insurance with us at ACT!  Thanks soo much for your business and trust.  Let me know if there is anything else I can help with.

    Ross Graham

    AGENT

    www.actinsurance.com

    888-568-0548

    • lisa barnum > Ross Graham January 26, 2015 at 6:19pm

      thanks will do!

  • Barrie Lynn Bryant May 3, 2014 at 7:57am

    I thought I'd better bump this back to the top.

    Connie, have you ever seen a post on AFI regarding an artist paying a claim? Has anyone ever mentioned needing the insurance for a real claim? Are there any real cases from which to base this insurance need?

  • Barrie Lynn Bryant May 2, 2014 at 10:36am

    I don't disagree that insurance may be a good idea. But artists are such a wealthy lot and I'm sure attorneys know this and therefore will suggest that someone bumping their head in a booth is grounds for a lottery lawsuit claim.

    I remember the issue of flying booths coming up at Park City the one year we did that show. Through the grapevine the news spread that some store owners/operators raised concern that if a booth flies into their storefront, who's gonna be responsible and pay?

    I just reviewed the applications for some of the shows we do and none of them mention insurance whatsoever. I hope they don't decide they need to next year. We've never done a Howard Alan show, but does he require proof of liability insurance?

    I wonder if anyone here is familiar with any REAL liability claim paid by an artist? Anyone ever read about this in Sunshine Artist or New York Times or Wall Street Journal? It would be great to read about a first-hand account rather than hearsay. In other words, please don't spread rumors about something you've heard about since this issue is serious.

  • lisa barnum May 1, 2014 at 6:47am

    Well as far as I can tell as all insurance goes the person that is always covered is the insurance company. Its a gamble and they win most of the time. I did do a one day show event with ACT for just this show just to have proof that I am insured . But I am going to keep looking. Thanks for all the feed back!

  • Stephen White April 30, 2014 at 11:40am

    I don't disagree that the show policy I saw is useful for Liability and materials. 

    I am going to search to see if its possible though to get some coverage for the labor. I'm not talking about profit but some sort of labor coverage. As Mel mentioned many booths will be stocked with several months of labor at any given time and this is fairly consistent for most. There should be some reasonable way to come up with a number for a rider and then calculate the claim based on percentage of work lost or even actual inventory with pre-determined guidelines. The term 'profit' for potters making and selling their own work is a little elusive as it really just comes down to how much over expenses you end the year to count as your salary. The range seems to be $5-$50 an hour :-)

    Obviously one could just have a 2-3 month reserve in the event some disaster strikes but it seems some artist find this difficult (being sarcastic here) so this insurance I bet would sell well.  I don't post a lot because I am so new at this but I certainly get the feeling that many artist do not realize they are going to get such a small check from the insurance company in the event of a major loss and it still is not clear to me that they will pay other booths for their retail inventory if you are held liable and this could mean that you could still be on the hook for a large amount even after your insurance has paid all the claims as they see fit.

    If I find anything I will post and let anyone interested know and I would strongly recommend anyone buying a show policy read it thoroughly and ask enough pointed questions that there is no surprise down the road should you have a claim.  

    • Ross Graham > Stephen White January 26, 2015 at 5:41pm

      Stephen,

      I wanted to answer your question in regards to the valuation of property for third parties (other vendors around you) that may be damaged because of your liability.  There is no wording in the policy that limits the property coverage to them.  It only says that property damage to third parties are covered in the policy.

      I know that valuation of your lost property may not be what you want in the ACT policy but this is the most coverage available at this price.  Below is a thread from AFI that was started by one of our clients that had a lose not only to his property but also to his neighbors (caused by him).  You can see that he was happy with the end result.

      http://www.artfairinsiders.com/forum/topics/dammmmmit-not-again-boo...

      Let me know if you have any questions.

      Ross Graham

      www.actinspro.com

      888-568-0548

This reply was deleted.