Why Do Farmers Markets Need Insurance?
As the popularity of Farmers Markets continues to grow - there are approximately 7,175 markets in 2011 - farmers market associations and market managers are starting to insist that all participants have a commercial general liability insurance policy.
The 2006 USDA survey of farmers markets contained several reasons why:
- The average number of vendors at individual farmers markets nationwide in 2005 was 31.
- The average number of customers reported at all farmers markets was 959 per week.
- More than two-thirds of surveyed markets operate in temporary facilities.
The large amount of activity generated by vendors and customers operating inside of temporary facilities creates a risk that farmers markets must insure. And most do.
The same survey also showed the following fact:
- Most farm vendors earned $5,000 or less each from sales at their markets in 2005.
Farmers are like any other business person. When faced with a fixed cost like insurance, they try to reduce costs by working with an expert. That's where we come in.
Farmers market insurance coverage is very specialized and may not be available from just any agent in the country. Many agents do not understand the nature of your business and the relationships between the associations, markets, and vendors.
Our farmers market liability program provides associations, markets, and vendor (farmers) with the following coverages:
ADDITIONAL INSUREDS (Free)
Most often, the organizer and market itself will want to verify that the vendor (farmer) has insurance to cover the vendor while on site, but they also want to have their own certificate of insurance showing they are listed as an additional insured on the policy. This is not automatic on most event policies, and some companies charge an additional fee, since an additional certificate will have to be generated.
FarmersMarketInsureNow provides this service to you free!
SOME GOOD ADVICE
- Pay particular attention to housekeeping issues around your booth.
- Make sure that you do not have trip and fall hazards that could cause a third party to suffer an accident that can be attributed to you.
- Keep all of your supplies, produce, boxes, etc., out of the walkway around your booth area.
- Make sure that your racks, etc., are well constructed and safe.
- Exposed electrical cords should be taped to the floor so they are not loose and cause someone to trip.
Remember these few recommendations so you can concentrate on sales and make the markets you sell at enjoyable and profitable.