BoutiqueShield is an independent fashion retailer insurance designed by a consultant just like you, Kelly Arnold! While not out selling fashionable clothing, she is an insurance professional. Kelly began to wonder if her inventory was protected if something were to happen at her house, at a pop-up, or just about anywhere. Kelly confirmed her homeowners policy wouldn’t give her the proper amount of insurance. She went to work the next day and made some phone calls. She found a great insurance company and talked to her boss….BoutiqueShield was born.
If you are here it is because you are either already a consultant or are soon to come of the queue. Most of the existing consultants have their shipping down, have had some live sales events and attended some pop-ups. Whether you have been in it for years or are just starting you/we have at least $5,000 in inventory that isn’t protected by your homeowners. Without trying to spread to many negative vibes, see below for a few examples of when you wouldn’t be covered.
A fire at your home could ruin your entire inventory with just the smoke smell alone
A slip and fall at your house, a hosts house or a pop up could cost you your business and put your family at risk of a lawsuit.
A thief at a pop-up or a hosts house could make off with more than enough inventory to seriously hurt your business. We all know how crazy these events can be.
Most parties involve alcohol. If someone leaves and is involved in an accident you could be dragged into a lawsuit.
This insurance protects you from loss or damage to your business assets. These assets include computers and other equipment, merchandise, materials and inventory. You can purchase up to $100,000 in property coverage with a home business insurance plan.
Off-site property insurance protects you from loss or damage to your business assets while you are at a party or a pop-up sale. This coverage includes computers and other equipment, merchandise, materials and inventory. You can buy up to $15,000 in off site property insurance with a home business insurance plan.
Liability insurance protects you from liability losses. An example would be someone tripping over a pile of leggings in your house. An independent fashion retailer insurance policy will allow you to buy between $300,000 and $1 million in liability coverage.
Lost income insurance is so important. If you are forced to temporarily stop your business operations due to damage caused by a covered event, such as a fire, this insurance will enable you to continue receiving the income necessary to pay employees and bills for up to one year.
This coverage alone makes it worth the $20-$30/month. Imagine a friend, who was drinking wine at your pop-up party, gets in a car accident on the way home, and you are held liable. The home business insurance policy will protect you.
I purchased insurance after being in business for about 9 months. The piece of mind became super important as my inventory grew.
I never thought I needed insurance since i had homeowners. Once i talked to Lulashield I realized how wrong I was. It feels great to know my investment is safe is something bad happens.