Replies

1. 
   Jo_Ann_Stang | Feb 18, 2000 05:14am | #1

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   I am a burnt out insurance agent who is now into woodworking. Your renters insurance may be able to afford you liabilty at your barn for a small increase in cost, but it will not cover your tools if you are using them to make money off of. If you use your tools as a hobby then they can also be covered at whatever location you want. Liablity will cover if someone comes into your "shop" to see a piece they are buying and gets hurt, but not if you sell a piece and they get hurt on that piece. You would need products and completed operations coverage, which is a commercial product and in Illinois the last price I saw for 7,000 in tools, liablity at a differt location and products and completed operations was a little over $500. EX: of products and completed operations: you make a stool and sell it and a kid falls off the stool and hits there head.....they could come back on you for not making the stool right. or if a kid eats the paint and it was harmful to them. hope this helps.
   Jo

1. 
   Jo_Ann_Stang | Feb 18, 2000 05:14am | #2

   *I am a burnt out insurance agent who is now into woodworking. Your renters insurance may be able to afford you liabilty at your barn for a small increase in cost, but it will not cover your tools if you are using them to make money off of. If you use your tools as a hobby then they can also be covered at whatever location you want. Liablity will cover if someone comes into your "shop" to see a piece they are buying and gets hurt, but not if you sell a piece and they get hurt on that piece. You would need products and completed operations coverage, which is a commercial product and in Illinois the last price I saw for 7,000 in tools, liablity at a differt location and products and completed operations was a little over $500. EX: of products and completed operations: you make a stool and sell it and a kid falls off the stool and hits there head.....they could come back on you for not making the stool right. or if a kid eats the paint and it was harmful to them. hope this helps.Jo