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ACT Insurance

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Paint Chip
Posts: 107
Joined: Tue Oct 30, 2012 7:43 pm

ACT Insurance

Postby Paint Chip » Sun Nov 04, 2018 11:51 am

Does anybody here use ACT Insurance? Can you relate your experience with them? Ever had to make a claim? $265 for one year is a great price for what they offer, unless they don't pay out legitimate claims in a timely fashion. Any feedback is appreciated.
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Paint Chip
Posts: 107
Joined: Tue Oct 30, 2012 7:43 pm

Re: ACT Insurance

Postby Paint Chip » Mon Nov 12, 2018 12:01 pm

Well, either no one uses these guys or perhaps no one wants to comment on them. Let me re-phrase the question: what to you all do for insurance coverage to be able to sell items? My home owners Co. wanted about $100/month, which is just too steep for a hobby business. I plan to do a couple arts festivals a year and have a local gift shop carry a few pieces - not enough meat on the bone for $1200/yr. ACT (Artists/Craftsmen/Tradesmen) and SIA (Specialty Insurance Agency) seem to be the only two out there that are affordable.
PPLLC 4X8 table w 620 ox steppers on 5 axes
Bladerunner CandCNC w/DTHC II
Hypertherm PM85

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conz35
Posts: 45
Joined: Mon Jan 07, 2013 4:54 pm
Location: Yuma, Az and Davenport, Wa
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Re: ACT Insurance

Postby conz35 » Tue Nov 13, 2018 10:24 am

We have a Commercial account onto our Allstate homeowners and auto policy. We pay $900 a year for 2,000,0000 liability and 3,000,000 aggregate coverage which covers the shows we hit. Unlimited certificates. We also have $50,000 in tool coverage.
A lot of shows offer a certificate or a buy out of it but most still run $100 each.
Hope that helps,
Mike
"Knowledge is knowing that a tomato is a fruit, but Wisdom is knowing not to put it in a fruit salad."

Paint Chip
Posts: 107
Joined: Tue Oct 30, 2012 7:43 pm

Re: ACT Insurance

Postby Paint Chip » Tue Nov 13, 2018 10:02 pm

Thanks for the reply. Is there a reason you don't use either of the ins. cos. I listed? The coverage seems pretty comparable, except for the tool coverage, at a much lower price - which is what concerns me a little. I hate to be such a "tire kicker" on this topic - but its obviously an important one. Again, thanks for your input.
PPLLC 4X8 table w 620 ox steppers on 5 axes
Bladerunner CandCNC w/DTHC II
Hypertherm PM85

User avatar
conz35
Posts: 45
Joined: Mon Jan 07, 2013 4:54 pm
Location: Yuma, Az and Davenport, Wa
Contact:

Re: ACT Insurance

Postby conz35 » Thu Nov 15, 2018 8:59 am

To be honest I never really checked into them, But one of my biggest concerns was tool coverage in case of theft or damage, etc. Our problem is we travel with a mobile setup so if we get in a accident and damage the equipment our collision policy only pays out so much on contents, thats why we added the tool coverage/contents to cover the plasma table, powder coat oven, welder, or any finished product, etc. Honestly, If your not traveling with equipment and just need show coverage then I think you would be fine going with ACT.
"Knowledge is knowing that a tomato is a fruit, but Wisdom is knowing not to put it in a fruit salad."

Paint Chip
Posts: 107
Joined: Tue Oct 30, 2012 7:43 pm

Re: ACT Insurance

Postby Paint Chip » Thu Nov 15, 2018 10:19 am

That makes sense. For now, I'm retired - doing this more as a hobby than anything and don't plan on dragging any tools around with me. I wasn't sure if they covered art sold in local gift shops on consignment or art sold by direct request, but they tell me they do. As I'm just starting out, I think their coverage is adequate for me - at $265/yr, it fits my budget and if the business takes off I can always upgrade. Thanks again for your input and advise.
PPLLC 4X8 table w 620 ox steppers on 5 axes
Bladerunner CandCNC w/DTHC II
Hypertherm PM85


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