Courtesy of Studio Protector.org
On a daily basis, the CERF+ (Craft Emergency Relief Fund + Artists' Emergency Resouces) receives requests from craft artists throughout the country for information and financial assistance in the wake of emergencies that jeopardize their livelihoods. Too often, these fires, natural disasters, accidents, life-threatening illnesses, and thefts leave professional artists on the brink of ruin because they have not properly protected themselves with business insurance. CERF+ currently provides financial assistance only to craft artists, but there is no reason to believe that the same does not hold true for all artists.
While there may be no way to prevent an emergency from taking a toll on your business, the damage can be minimized with appropriate business insurance. Many artists have considered business insurance but have dismissed it as either an unaffordable or a frivolous expense. But as Christina and Michael Adcock, owners of Leaves of Grass in Santa Barbara California, can attest, it is not. In 2002, they lost all of their equipment, materials, tools and inventory in a fire that consumed their studio. They were unable to work for the three months it took for their studio to be rebuilt. Fortunately, they were covered by insurance.
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