Results 1 to 8 of 8

Thread: Insurance - working from home

  1. #1
    Join Date
    Nov 2010
    Location
    London
    Posts
    272

    Default Insurance - working from home

    I've been wanting to dip my toe into the world of selling my jewellery for a while, but like others have run into a brick wall when it comes to finding an insurance company to cover me for home business use which involves the use of gas/flame (at an affordable price). Even a policy I found specifically for jewellery makers expressly excluded the use of flame (other than for cooking and/or heating) and gas (again, other than of cooking and/or heating). Apparently soldering doesn't count as heating.

    A chance conversation about this with a colleague at my jewellery class and he mentioned he had just got a policy with Military Mutual.

    http://www.themilitarymutual.com

    So I gave them a call and explained what I was looking for how I only had a little torch (well two actually) at the moment but would probably want to upgrade to a bigger torch attached to propane tank at some point in the future. I was put on hold whilst he spoke with one of their under-writers and they came back couple of minutes later saying yes, all fine.

    Now I don't have much in the way of equipment, so 100k contents cover for the whole house (their upper limit) is okay for me (although thinking about it maybe I should get my other half to take out a separate contents cover for his expensive suit and shoe collection!). Contents are covered on an all risk basis unlike my old policy where I had to list everything that went outside of the house for which I wanted cover. Anything worth over 5k has to be noted on the policy though, and there's the usual excesses.

    Buildings insurance cover is for 1M - pretty standard.

    The quote was a bit of a shocker. Contents AND buildings insurance for less than my recent renewal notice for contents only (which offered significantly less cover than 100k).

    I know I'll still need to sort out other insurance if I try out craft fair selling, etc., but at least now the only thing holding me back from starting up is me!

    Susieq

  2. #2
    Join Date
    Jan 2017
    Posts
    7

    Default

    Susie - if / when you want to start selling direct, A-N (artists network) does 5m public liability for artists and craftspeople as part of their standard membership - all for the very reasonable sum of about 40.

  3. #3
    Join Date
    Aug 2009
    Location
    London
    Posts
    884

    Default

    Thanks Susie - I will try these guys. Like you I hit a brick wall trying to find any home working insurance I could afford last year.

  4. #4
    Join Date
    Jul 2014
    Posts
    383

    Default

    Thanks for the tip Susie until I read your post fully I thought it was going to be another horror story! The best I found was home protect, which was a little more than my current policy. I'll try the guys you suggested, although I still think the me holding me back part will be a serious factor!

    Faith

  5. #5

    Default

    Hi.

    Would you mind sharing roughly how much your annual premium was for the home insurance?

    Thanks

  6. #6
    Join Date
    Nov 2010
    Location
    London
    Posts
    272

    Default

    Quote Originally Posted by RuthWinchester View Post
    Susie - if / when you want to start selling direct, A-N (artists network) does 5m public liability for artists and craftspeople as part of their standard membership - all for the very reasonable sum of about 40.
    Thanks Ruth, I'll take a look at them.

  7. #7
    Join Date
    Nov 2010
    Location
    London
    Posts
    272

    Default

    Quote Originally Posted by Kermit View Post
    Hi.

    Would you mind sharing roughly how much your annual premium was for the home insurance?

    Thanks
    Not a problem. Contents and buildings cover for a premium of around 450 p.a.

  8. #8
    Join Date
    Jun 2013
    Location
    Devon
    Posts
    155

    Default

    Looking at past and recent threads on insurance and supplier discounts I'm thinking of joining GOJD or a similar organisation.

    Does anyone know if PPL insurance covers working on other peoples jewellery i.e. re-modelling or or repairing?

    For instance a lady will shortly be sending me an amethyst set ring. She wants to know if I can build her a new ring and incorporate the old stone in it. I have told her that removing old stones and resetting them is not without risk and that while I would take care there is the risk of fracture or chipping which she would have to carry. I also have a couple of gold chains to repair.
    If I trash something is it covered or is there yet another level of insurance needed?
    Apologies in advance if this opens up another can of 'insurance worms'

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •