Glass Blowing Business Insurance
Getting insurance for your glass blowing business is essential.
Glass blowing businesses need to be protected against things like employment disputes, claims of environmental damage, and product liability.
For example, your business sells defective glassware to customers, or a glassblower burns themselves while working and requires extensive medical leave.
We’ll help you find the most personalized and affordable coverage for your unique business.
Best Insurance for a Glass Blowing Business
General liability insurance is — generally speaking — one of the most important insurance policies for glass blowing businesses.
Some of the risks general liability insurance covers are:
- Bodily injury
- Property damage
- Medical payments
- Legal defense and judgment
- Personal and advertising injury
To be fully protected from the range of liabilities your glass blowing business is likely to be exposed to, it is worth considering some of the following further policies:
- Product liability insurance
- Commercial property insurance
- Workers’ compensation insurance
- Commercial umbrella insurance
The insurance providers you can buy coverage for your glass blowing business from are generally classified into one of the following categories:
- Traditional brick-and-mortar insurers — This includes firms such as The Hartford, Hiscox, and Nationwide.
- Online insurers — This includes firms such as Next and Tivly.
For most businesses, online insurers are the better choice. This is because they are able to match the quality and accuracy of traditional insurers’ policies with AI at a far cheaper price due to their purely digital nature.
Cost of General Liability Insurance
On average, glass blowing businesses in America spend between $300 - $600 per year for $1 million in general liability coverage.
Compare the average cost of general liability insurance for a glass blowing business to other professional industries using the graph below.
Several factors will determine the price of your policy. These include your:
- Number of employees
- Per-occurrence limit
- General aggregate limit
You may be able to acquire general liability insurance at a discounted rate by purchasing it as part of a business owner’s policy (BOP) rather than as a standalone policy.
A BOP is a more comprehensive solution that includes multiple forms of coverage, such as business interruption and property insurance.
Common Situations That General Liability Insurance May Cover for a Glass Blowing Business
Example 1: A visitor to your studio slips on a wet floor in the restroom, breaks an arm, and demands your business pay for her medical treatment. General liability insurance would cover her medical bills.
Example 2: A competitor sues your business for libel. While you can’t recall a situation in which you libeled his company, you want to hire a lawyer to protect your business. General liability insurance would pay for your legal defense and any required settlement.
Example 3: While stocking shelves, an employee accidentally drops a box of glass ornaments on a customer’s foot. The impact breaks the customer’s foot in two places and he decides to sue for damages. General liability insurance would cover your legal defense costs and any required settlement.
Other Types of Coverage Glass Blowing Businesses Need
While general liability is the most important type of insurance to have, there are several other forms of coverage you should be aware of. Below are some of the most common types of coverage:
Product Liability Insurance
While you strive to ensure customer satisfaction with your glass products, there’s always a chance someone might claim your product injured them. In the event of a lawsuit, product liability insurance would cover your legal fees and any required settlement.
Commercial Property Insurance
You made a major investment in your studio, glass-blowing equipment, and other business supplies. In the event of a fire, theft, or natural disaster, commercial property insurance would cover the cost of repairing or replacing your business-related property. This includes structural damage to your building and the business materials stored there.
Workers’ Compensation Insurance
Most states require businesses to carry workers’ compensation insurance for their part-time and full-time employees. This coverage protects your employees if they become injured at work or fall ill after a work-related accident. It not only covers an employee’s medical bills and lost wages if they need time to recover, but also any disability or death benefits stemming from a workplace accident.
Commercial Umbrella Insurance
While your general liability insurance policy covers most claims, some accidents or lawsuits may be so catastrophic that they threaten to exhaust the limits of your primary coverage. Commercial umbrella insurance protects you from paying out-of-pocket for any legal fees and awarded damages that exceed your primary policy.
Additional Steps To Protect Your Business
Although it’s easy (and essential) to invest in business insurance, it shouldn’t be your only defense.
Here are several things you can do to better protect your glass blowing business:
- Use legally robust contracts and other business documents. (We offer free templates for some of the most common legal forms.)
- Set up an LLC or corporation to protect your personal assets. (Visit our step-by-step guides to learn how to form an LLC or corporation in your state.)
- Stay up to date with business licensing.
- Maintain your corporate veil.
Glass Blowing Business Insurance FAQ
Yes, absolutely. You will need to first get a quote from an online business insurance provider like Next Insurance. Next allows you to then purchase a policy immediately and your coverage will be active within 48 hours.
A typical business owner’s policy includes general liability, business interruption, and commercial property insurance. However, BOPs are often customizable, so your agent may recommend adding professional liability, commercial auto, or other types of coverage to your package depending on your company’s needs.
Yes, it is imperative to find appropriate business insurance for your glass blowing business before it launches.
Irrespective of whether your business is legally mandated to possess specific policies (e.g., workers’ compensation or commercial auto), insurance is still a crucial means of protecting yourself from the consequences of the industry’s inherent risks.
An LLC doesn’t protect your business assets from lawsuits and liability– that’s where business insurance comes in. Business insurance helps protect your business from liability and risk.