Do you need public liability insurance for a market stall? If you want to be protected against any injury to a member of the public or damage to their property due to negligence, then you will need public liability insurance.
Public liability insurance for craft fairs and craft stallholders is incredibly important, as it covers you against any liability or claims made by the public in connection with your craft fair.
Public liability insurance is not a legal requirement. However, having a policy will place you in a stronger position if a claim is brought against you. It may even save your business.
Your business name appears on a product, whether you made the product or you're simply a reseller of the product. You run a business that repairs or repurposes products for reuse.
CRAFT FAIR WHAT YOU NEED TO KNOW || MARKET STALL TIPS || what i bring || vendor, farmers, artisan
Do I need insurance to sell homemade crafts?
Popular crafting marketplaces, such as Etsy, Folksy, Ebay and Not On The High Street, don't make it compulsory for you to have insurance in order to sell products on their websites. However, it is important to have appropriate craft insurance in place to best protect your business, your goods and your sales.
Food manufacturing or preparation can involve several stages with a wide range of potential risks. Product liability insurance covers you and your business against any legal claims of injury or damage, whether you're involved in the production, sale or delivery of a food product.
Most employers must have employers' liability insurance. This protects your business against claims from employees for accidents or sickness they may suffer as a result of working for you.
What happens if I don't have public liability insurance?
If you don't have public liability cover, and you were found legally liable for an incident, you may not be able to afford the legal costs associated with defending a claim or paying damages.
Company liability insurance can cost from £50 up to the thousands or even tens of thousands of pounds per year, depending on factors like the type of liability insurance (public liability, employers' liability or professional indemnity) as well as the type of industry the business operates in, size of business, claims ...
Insurance to cover stallholders with tabletops and pitches at events such as markets, fetes or fairs. Public liability cover for stallholders trading in the UK with stock and stand cover available.
Employers' Liability is a legal requirement if you employ anyone but Public and Product Liability are worth their weight in gold should the worst happen. It provides protection should an employee or a member of the public bring a claim against you for injury or property damage as a result of you business activities.
Products liability insurance covers your liability for damage to property or injury of a third party as a result of the products you sell at your stall.
There are some types of cover that all crafters should have – Public and Products Liability insurance is definitely one and, if you employ anyone, the law says you have to have Employers Liability cover too.
Contracts you take on could specify you have to be insured. Local authorities and some bigger corporations usually expect those who work for them as sole traders to have public liability insurance and professional indemnity as standard.
Some sole traders think that their business is too small to worry about insurance but this couldn't be further from the truth. Small businesses often face the same risks as much larger companies and Public Liability insurance is almost always needed; whatever size business you run.
In a similar instance, if your equipment is damaged, lost, or stolen and you don't have insurance, then you'll have to pay the costs of repairing or replacing it out of the business' income. If this cost is substantial it could seriously put the financial future of the company at risk.
The average cost for public liability insurance with AXA is £4.94* a month. It's important to note that working out the cost of public liability cover for each policy depends on several factors, such as your occupation, where you're working, how many staff you have and your annual turnover.
What is the difference between public liability and insurance?
Public liability insurance is designed to cover members of the public rather than employees. Employers' liability insurance is the insurance you need to cover injury or damage claims made by a member of staff. This insurance is a legal obligation for most employers.
Regardless of what you craft, you will likely benefit from having public liability insurance. We cover a wide range of crafts which many other providers do not. These include, but are not extensive to: Cosmetics, such as Bath and Shower Products.
Whether you run a small business, a large multinational company or are self-employed, business insurance can help to protect you and your company against unexpected costs.
Without it, any third-party compensation would need to be paid by the driver, which could be financially devastating. Car insurance became mandatory under the Road Traffic Act of 1930. The Act required drivers to be insured against any physical harm to another person by the use of a vehicle.
Personal property coverage — also known as contents coverage on a home policy — helps cover the cost of your personal items if they are destroyed, damaged, or stolen due to a covered loss or peril. Personal property includes things like furniture, clothing, electronics, and kitchenware.
However, it is still recommended that you have business insurance. If you choose to sell your items on a third-party site and a customer ends up accidentally injured, ill, or their items are damaged in transit, and you don't have insurance then you will be solely responsible for footing the bill.
What insurance do I need for my home food business? You must have insurance if you are selling food goods. There is potentially a higher risk of harm to customers compared to other small businesses, such as card designs or wax melt makers, because your customers will be consuming the products.
