Liberty Mutual Candle Insurance – Making and selling candles is, for the most part, a low-risk company to be in, in this simple case you might not need Liberty Mutual candle insurance. You shouldn’t have to worry too much about selling handmade candles as long as you know what you’re doing (general workplace safety).
However, while working with fire, there is always the possibility that something may go wrong. For example, you might be so concentrated on heating and pouring your wax that you don’t see the fire that has started behind you. A little fire might wreak hundreds or even thousands of dollars in damage to your candle store or home-based candle company.
Liberty Mutual Candle Insurance – Is Insurance Required to Sell Candles?
Is insurance required to sell candles? This question might rise in your mind! To sell candles or wax melts online or in your business, you must have insurance.
There are several hazards associated with candle companies that may be quite costly if you do not have basic insurance for selling candles that covers you. When your candle business catches fire, a client files a claim because you failed to deliver inventories on time, or a consumer complains that you’re selling low-quality candles or wax melts, you may need to resort to insurance.
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Liberty Mutual candle insurance in the United States is not prohibitively costly, especially when you compare candle selling insurance rates online. You can purchase it as an add-on to your existing company insurance policy. There are also several standalone inexpensive candle making insurance estimates available online.
Liberty Mutual Candle Insurance – Liberty Mutual Business Insurance
If you are a candle manufacturer and want to insure your business, you should check into what Liberty Mutual has to offer.
Liberty Mutual provides a comprehensive variety of commercial insurance products, including general liability, workers’ compensation, and commercial car insurance. All insurance are distributed by independent brokers and agents.
The information on Liberty Mutual’s website is limited. You can’t acquire a quotation or learn basic facts about its commercial auto coverage, such as what sorts of business are covered. To learn more about each insurance, you should speak with the Liberty Mutual agent.
Liberty Mutual Candle Insurance – Workers’ Compensation Insurance From Liberty Mutual
Workers’ compensation insurance is provided by Liberty Mutual to cover company owners in the event that an employee is hurt on the job or becomes ill as a result of their work. Workers’ compensation coverage is required in most jurisdictions for enterprises with at least one employee, however other states have a higher requirement.
Workers’ compensation pays medical expenses for employees and protects firms from litigation resulting from the occurrence. Workers’ compensation often covers the following costs:
- Immediate medical attention is required.
- Disability and wage loss.
- The survivor receives benefits.
Workers’ compensation will not cover injuries sustained while doing a personal task, while under the influence of drugs or alcohol, or while participating in a voluntary leisure activity.
Liberty Mutual Candle Insurance – General Liability Insurance From Liberty Mutual
For company owners who seek Liberty Mutual candle insurance, general liability insurance is a must-have. It assists in covering expenditures resulting from bodily harm, personal injury, property damage, and advertising injury (libel, slander and copyright infringement). In most cases, liability coverage only applies to third-party claims, such as if a customer falls in your parking lot or an employee destroys a client’s property while on the job.
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General liability insurance does not cover damage to your own property or employee injuries. In some cases, commercial property insurance and workers’ compensation coverage would be necessary.
Liberty Mutual provides general liability insurance as a standalone policy or as part of a business owners policy that includes property insurance.
Do I Need Insurance to Sell Candles?
If you sell candles or soaps at home, we recommend purchasing general liability insurance for candle and soap manufacturers. The following expenditures will be covered by general liability insurance:
- When an employee is hurt on the job
- When a consumer is injured as a result of your carelessness.
- When your company is found responsible for property damage
Aside from general liability in candle and wax insurance, you need also consider product liability, which is provided by the majority of candle franchisees. Why? Because general liability insurance does not cover expenditures resulting from a faulty product when selling candles online or in a store. Product liability insurance covers the following scenarios:
- When you sold a candle made by a company that did not adhere to government-mandated health regulations.
- When the quality of your candle is poor
You should also consider purchasing Liberty Mutual candle insurance and professional liability or errors and omissions insurance. This is especially beneficial if you are a candle maker who supplies huge quantities of candles to candle retailers.
Cost of Candle Insurance
You’re probably thinking how much candle insurance costs at this moment. So, to make things simpler, we’ve created a simple illustration based on the average monthly and annual candle insurance costs charged by some of the leading candle business insurance companies including Liberty Mutual. As you can see below, the purchase of candle maker insurance will not deplete your reserves!
For a $1 million general liability insurance policy, expect to spend $63 per month or $761 per year. Remember that your own candle manufacturers insurance prices may vary depending on criteria such as:
- The size of your shop.
- Whether you’re selling candles from home online or through a physical business.
- Your yearly sales income.
- Your individual credit score.
- Previous insurance claims.
- Do you manage your own delivery service or do you hire one?
The illustration above will give you an idea of what to expect in terms of candle making quotes. The pricing shown imply that you are acquiring a $1,000,000/$2,000,000 general liability insurance policy for your home candle manufacturing company.
In Conclusion
We have not yet find the complete and detailed information on the Liberty Mutual candle insurance. However, with strong and a well-reviewed mobile app, and one of the most comprehensive coverage lists it’s easy to sum that Liberty Mutual is one of the country’s top choices for business insurance.
Liberty Mutual Candle Insurance – While it may be simpler to discover local insurance providers and cheaper rates with smaller businesses, you are unlikely to find as many possibilities as with Liberty Mutual. Liberty Mutual’s comprehensive coverage may be especially appealing to business owners that want unique, highly specialized operational insurance.
