Dear Willy,
A couple of years ago, there was an informative article about
insurance in Crafts Report Mag. As a result, I contacted RLI out of
Peoria and they sent a rep to the studio to check out the place. I
ended up with a BOP plan that covers me for a million dollar
liability both on and off premises. It also covers me for theft up to
a determined level and for a $1, I am covered by federal gov policy
for nuclear (snort- like who is going to be left!) attack or
terrorist attack. They max out at $100,000 theft coverage- not
appropriate for stores I guess since they have more inventory. This
coverage is designed for individuals like artists, craftspeople, and
for me, a small jewelry school. It costs for $50,000 of theft
protection about $850 per year. Flood insurance is another matter-
this is for liability mostly. It’s an ouch of course, but peace of
mind is important. Desperate times more probability of theft and
liability issues unfortunately. Good luck.
Ruthie Cohen