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Topic: HELP!!!!!!  (Read 469 times)
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crazygramma
« on: June 22, 2010 10:10:15 AM »

Hi everyone! Glad to have found this website....My name is Shirley and I live in Clermont, FL...I want to start up a craft business with my sewing projects (for kids) but with all the research I've been doing, I'm finding out that it SCARES ME TO DEATH!!!!  Especially the insurance issues....and especially because I'm making things for little kiddies....HELP!!!!!!!   Undecided
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« Reply #1 on: June 22, 2010 10:14:29 AM »

What can we help you with?
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crazygramma
« Reply #2 on: June 22, 2010 04:50:10 PM »

Hi! Thanx alot...I have been reading so much on the net about having to buy liability insurance to have for craft fairs, personal liability insurance for my crafts that I make...I understand about sole proprietorships and tax ids and all, but it scares me that if I don't get any kind of insurance for my crafts and the places where I sell them, I could get in a real mess...I have checked out the fact that I can make my crafts for kids and not have to worry about the materials I use..have checked that out on the gov't website for materials compliance...but I don't have money for insurance...some say get it and some say don't....I understand that some venues require you to have insurance...I would not sell there...I am just curious if the public likes them and if they would sell...I have made these for family members and they say "You should sell these..." I would just like to sell at local craft fairs and such....what is the general consensus about insurance?HuhUndecided
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« Reply #3 on: June 23, 2010 03:41:57 PM »

If a show requires liability insurance, there's no way to get out of that one, but as for the personal liability, if you set up your biz as a sole proprietor, you will be personally liable in the case of somebody suing you for whatever damages might occur. You're better off setting up as a corporation of some kind so folks can't take your personal house and assets, and if you own a home, etc. it's a good idea to ask an accountant what's what. Unless things have changed a lot since I did a little research on it way back when, it'll still cost you $250-500 per year to get just the show insurance. Only you can decide how much risk you're willing to take.
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« Reply #4 on: October 14, 2010 07:45:32 PM »

You have a lot of issues to consider with liability, insurance, and possibly being sued, especially because you want to make products for children.  You can set up your business as a corporation in order to protect your personal assets in case of a lawsuit.  But you are still subject to a lot of regulations if you are making items for children, especially clothing or toys.  Have you considered selling designs such as PDF patterns rather than the actual products.  Another suggestion would be to make other crafts that are not subject to so many regulations.
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