Looking into Insurance

Discussion in 'Lye-Based Soap Forum' started by tkine, Nov 15, 2013.

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  1. Nov 15, 2013 #1

    tkine

    tkine

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    Someone is interested in selling my soap at her spa. Right now I mainly sell to family & friends, although there's really a lot more 'gifting' than 'selling' of soap, I wouldn't want to sell to a spa or elsewhere without insurance. Can anyone direct me where to look for very reasonable insurance?

    I've been searching on the forum about insurance, but haven't had much luck finding an answer that applies to my question. I need to get back with the spa owner with an answer.

    TIA for any help!
     
  2. Nov 15, 2013 #2

    shunt2011

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    There are a few options out there. There is a company called RLI that is pretty reasonable as long as you don't exceed 5,000 in sales you can google them and give them an email and they will get back to you. For me it was about 250.00 per year. There is also the Handcrafted Soap and Cosmetic Guild as well as Indy Beauty. Check them out and see what is the best fit for you. I ended up gettin mine through the Handcrafted Soap and Cosmetic Guild. HTH.
     
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  3. Nov 15, 2013 #3

    MaitriBB

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    I get mine through the HSCG as well. I'm on the membership committee; feel free to PM me if you have any questions about membership.
     
  4. Dec 24, 2013 #4

    girlishcharm2004

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    I have been looking all over for this information! Thanks!!!
     
  5. Dec 24, 2013 #5

    SugarandOats

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    Hey would u mind pm me idk how on this forum?
     
  6. Dec 27, 2013 #6

    EvilTOJ

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    Why do you need insurance for soap?
     
  7. Dec 27, 2013 #7

    shunt2011

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    If you have a business and begin selling soap or bath and body products you need insurance to protect yourself from liability and possibly losing everything you own. Lawsuits are not likely to happen but in this day and age you never know. We are creating a product that could end up lye heavy and could possibly injure someone They could also have an allergic reaction. Also, there are venues that require proof of insurance in order to participate. I would not sell even 1 bar of soap or any bath & body products without having insurance.
     
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  8. Dec 27, 2013 #8

    judymoody

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    I use RLI - $140 per year. I do some occasional sales to family and friends but I also donate to various charities and it's cheap peace of mind.
     
  9. Dec 27, 2013 #9

    SugarandOats

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    Thx! Do I just go to rli .com?
     
  10. Dec 27, 2013 #10

    tkine

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    Most of the other people that use RLI say their cost is around $250 a year. I wonder what the difference is that you only pay $140.
     
  11. Dec 27, 2013 #11

    pamielynn

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    RLI is great, but if you go over $5000 in sales, you have to buy a separate product liability policy. Go to www.rlicorp.com, fill out the info and a person will get back to you. Remember that insurance also protects your inventory of raw materials and product you bring via car to shows. But it's especially good for those people who want to sue you because your soap isn't fudge :)
     
  12. Dec 28, 2013 #12

    SugarandOats

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    Thank you so much!
     
  13. Dec 28, 2013 #13

    SugarandOats

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    So general liability or products liability?
     
  14. Dec 28, 2013 #14

    creativelycc

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    I just filled out an online form for a quote from RLI, hope it's not too expensive for me. Thank you Judy for the info.
     
  15. Dec 28, 2013 #15

    SugarandOats

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    Hey what did u apply for?
     
  16. Dec 28, 2013 #16

    ilovesoap2

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    Is this $5000. per month or year?
    Thanks.
     
  17. Dec 28, 2013 #17

    SugarandOats

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    Would someone mind walking me through the website and showing me exactly where I would have to go to Sign up or is it easiest to call?
     
  18. Dec 28, 2013 #18

    pamielynn

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    A year. It's great when you're starting out. I used them, but my premium was $249/year.

    That's for general liability and products liability.
     
  19. Dec 28, 2013 #19

    pamielynn

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    You should have both.
     
  20. Dec 28, 2013 #20

    paillo

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    I also use RLI, around $250 a year. And yes, the $5,000 limit is for a year. I opted to stay pretty small, can't expand my line too much due to time constraints of full-time job. I've been really happy with them.

    Go to their Products page, then look at General and Products liability options. If the website seems confusing to you, I'd give them a call. There's always a phone call involved anyway, so you might be able to do everything in a phone call.
     
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