Selling candles and other goods can be a very profitable venture. However, it’s crucial to think about whether you need insurance before you launch your company. The quick answer is that you do, in fact, require insurance in order to sell candles and other goods. This is why: Is insurance a requirement for selling wax melts?
The use of an open flame is a feature of both wax melts and candles. Anytime you offer a product that calls for the use of an open flame, you run the risk of being held responsible for any injuries your clients could sustain. This implies that if someone is hurt or has their property harmed as a result of your product, they can have a case against you. If such a case arises, your insurance will defend you. What kind of insurance do I require to sell products?
Product liability insurance and general liability insurance are generally required when selling products. If someone is hurt by your product, product liability insurance will shield you. If someone is hurt or their property is harmed while on your property, general liability insurance will protect you. Does dropshipping require liability insurance?
Since you are not the one manufacturing the goods when you dropship, you might not need product liability insurance. If someone is hurt while on your property, you may still require general liability insurance to protect yourself.
Yes, even if you dropship goods, you still need company insurance. Despite not producing the goods yourself, you are still operating a business and could be held responsible for any harm your consumers may experience.
In conclusion, it is critical to have insurance to safeguard yourself in the event of a lawsuit if you sell candles, wax melts, or any other kind of goods. No matter whether you are producing the goods yourself or drop-shipping them, it is advised that you obtain both product liability insurance and general liability insurance. Although purchasing insurance may seem like an unnecessary investment, it is a modest thing to pay to safeguard your finances and those of your company from potentially catastrophic losses.