Comments on: Do I Need Insurance for My Candle Business? https://soycandlemakingtime.com/insurance-for-my-candle-business/ How to make soy candles at home. Simple instructions for amazing results. It's Candle Making Time! Wed, 19 Feb 2020 17:24:36 +0000 hourly 1 https://wordpress.org/?v=6.9 By: Jill C https://soycandlemakingtime.com/insurance-for-my-candle-business/#comment-2359 Wed, 19 Feb 2020 17:24:36 +0000 http://soycandlemakingtime.com/?p=1173#comment-2359 In reply to Robert Weinstein.

I am in Michigan can you assist? Looking into all of the aspect before starting the business and cost of insurance is a biggie.

]]> By: Heather https://soycandlemakingtime.com/insurance-for-my-candle-business/#comment-2347 Sat, 21 Dec 2019 21:05:46 +0000 http://soycandlemakingtime.com/?p=1173#comment-2347 If I just start off selling to friends and family will I need insurance or file taxes for it? I just really need any extra money I can get and I am no where close to being able to afford insurance.

]]> By: Deby sebastian https://soycandlemakingtime.com/insurance-for-my-candle-business/#comment-2342 Mon, 02 Dec 2019 04:32:50 +0000 http://soycandlemakingtime.com/?p=1173#comment-2342 In reply to Donna Maria.

Hi Donna. Do you sell insurance for candle companies in Texas?

]]> By: Deby https://soycandlemakingtime.com/insurance-for-my-candle-business/#comment-2341 Mon, 02 Dec 2019 04:30:50 +0000 http://soycandlemakingtime.com/?p=1173#comment-2341 In reply to Robert Weinstein.

Hi. I am also looking for insurance for my candle company in TX. I would like to get with you about a quote.

Deby Sebastian, Blessings Candles

]]> By: June https://soycandlemakingtime.com/insurance-for-my-candle-business/#comment-2339 Wed, 20 Nov 2019 16:55:59 +0000 http://soycandlemakingtime.com/?p=1173#comment-2339 My kids have a small candle business and have only sold to friends and family so far. They want to take it to Etsy, but my husband wants them to have insurance first. Thoughts on kids needing insurance? They would be taking it up a notch and probably selling 30-40 a month in order to cover the costs. The candles DO have warning labels.

]]> By: Robert weinstein https://soycandlemakingtime.com/insurance-for-my-candle-business/#comment-2334 Thu, 24 Oct 2019 21:04:23 +0000 http://soycandlemakingtime.com/?p=1173#comment-2334 I uploaded a video today discussing some pros and cons of starting an LLC, and I used candle making as one of the examples of why insurance is more important from a liability point of view for candle makers.

I’m licensed in about 15-ish states and have rates for a top-tier insurance carrier well under $1000 for most candle makers.

youtu.be/U_1Fdhc96Vo

]]> By: Robert Weinstein https://soycandlemakingtime.com/insurance-for-my-candle-business/#comment-2331 Tue, 17 Sep 2019 23:33:33 +0000 http://soycandlemakingtime.com/?p=1173#comment-2331 In reply to Elizabeth Hayes.

Hello Elizabeth,

“It depends.” There’s more than one perspective. If you’re retired, disabled, live on a relatively small fixed income and have no “real” assets and plaintiff can attach, some could make a valid argument you’re “judgement proof,” and from a financial view, don’t “need” insurance. Some others, will purchase insurance in case someone gets hurt from a mistake etc. that they’re not left twisting in the wind because the maker is “judgement proof” and doesn’t have any assets that could be used to cover medical and other related expenses.

Reference to the Amish lady. I have Amish and related clients for various businesses, and they often get it out of contractual and/or legal requirements. Sometimes they partner with another who actually buys the coverage because it’s against their views. I have a VERY limited experience with Amish beyond my limited exposure to my clients, albeit I have the impression that some have a LOT of assets (land etc…) and therefore, a huge exposure that they may not realize they have.

]]> By: Robert Weinstein https://soycandlemakingtime.com/insurance-for-my-candle-business/#comment-2330 Tue, 17 Sep 2019 23:26:24 +0000 http://soycandlemakingtime.com/?p=1173#comment-2330 In reply to Liane Seefert.

Hi Liane,

I’m based in Eau Claire WI (albeit am licensed in over a dozen states).

]]> By: Elizabeth Hayes https://soycandlemakingtime.com/insurance-for-my-candle-business/#comment-2308 Wed, 24 Jul 2019 10:28:45 +0000 http://soycandlemakingtime.com/?p=1173#comment-2308 I live in Tennessee, retired and disabled. Started a small candle company, may 200 Candles a year. Do I need to purchase insurance? I attend weekly at our farmers market and sell a few candles, there is a Amish lady that also sells candles along side of me. ( not with me just next to me) I have spoke to her about it and she don’t carry insurance on her candles. Bee’s waxed hand rolled. Is there a difference?

]]> By: Liane Seefert https://soycandlemakingtime.com/insurance-for-my-candle-business/#comment-2282 Fri, 15 Feb 2019 20:20:41 +0000 http://soycandlemakingtime.com/?p=1173#comment-2282 In reply to Donna Maria.

Donna, Do you cover small businesses in WI?

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