E-Commerce and Crafters Insurance

 

E-Commerce platforms such as Etsy and Shopify have allowed some small businesses to thrive and reach a national market - in some cases doing-so within the confines of their own home. The product is often a handmade or custom product being sold directly from a crafter or small-scale manufacturer. With the owners of these unique businesses often wearing many (if not ALL) hats, the need for insurance can often be overlooked. In order to protect yourself and your business, it's important to consider whether having insurance in-place is something that is necessary for you and your business.

However, in an industry that mixes retail and manufacturing, knowing what insurance you may need can be tricky to sort out - And let's be honest, you don't need ANOTHER hat to wear...That's where we can help.

On the retail side... 
E-commerce retailers face a number of challenges in order to keep their business running at a high level, such as regulatory issues, theft, and competition within the industry to name a few. When it comes to managing the risks of running your e-commerce business, you want the best protection possible.

Here are some of the insurance options to consider on the e-commerce retail side: 

• General liability
• Property coverage
• Crime insurance
• Umbrella coverage
• Business interruption insurance
  

On the manufacturing side...
Crafters are responsible for creating a varied quantity of products, often being hand-made or custom. When creating a product and putting it in the hands of a customer, there is a risk involved. Here are a few examples of the risks involved from a manufacturing perspective: defective goods, design flaws, or failure to provide adequate instructions, labels, or warnings - all potential problems which could impact you or your business. If a product doesn’t work properly or injures someone, liability insurance could minimize the financial and legal damage to you or your business.

Here are some of the insurance options to consider for small-scale manufacturing crafters:

• Product liability
• Umbrella coverage
• Coverage for manufacturing equipment
• Casualty insurance
• Workers’ compensation
  

Oftentimes in the e-commerce world, the retail and manufacturing industries cross-over. An insurance package from our agency will account for your business’s unique needs in order to create a specialized insurance package that’s right for you.

 

Why choose LN Davis?

 

We are a fourth-generation family-owned independent insurance agency, providing insurance to e-commerce stores, retailers, manufacturers, and crafters in Waynesville, Canton, Maggie Valley, Asheville, Sylva, Bryson City and beyond since 1933.

 

Our team of insurance professionals has the experience and knowledge to help guide you through the different parts of your insurance package. Whether it's discussing coverages or claims; or quotes and premiums, we're always happy to help. 

Located on historic Main Street in Waynesville, North Carolina, The LN Davis Insurance Agency is here when you need us.