What better way to enjoy the beautiful outdoor space, food, and music than a street fair event? In this event, vendors and participants meet to showcase their services, talents, and products. If you are planning to hold a street fair event, you're probably wondering what can go wrong amidst the entertainment and fun.
This event may present a fair share of risk to the attendees and employees. Your street fair might even become a significant target for criminal acts, and you need to be prepared for such unforeseen circumstances. The crafters renting a booth can also injure their customers and you might be held responsible for their actions. Street fair insurance is the best way to cushion yourself from costly lawsuits and settlements.
| CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $300,000/$1,000,000 | $1,000,000/$2,000,000 |
| Aggregate limit | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $300,000/$2,000,000 | $1,000,000/$2,000,000 |
| Products and completed operations aggregate limit | $2,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Advertising injury coverage aggregate limit | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Tenant’s legal liability coverage limit | $100,000 | $100,000 | $5,000 | $100,000 | $1,000,000 |
| Waiver of subrogation included? | Yes | No | Included | Can be included | No |
| Hired/non-owned auto liability coverage included? | Yes | No | Excluded | Can be included | Can be included |
| Equipment breakdown floater included? | No | Yes | Yes | Can be included | Can be included |
General liability insurance is integral for a street fair event. This policy is your best defense against third-party claims for:
Bodily injury–A participant in your street fair event slips and falls and is injured
Property damage–When holding your street fair event, a property such as a parked car or building is damaged.
Product liability–Products you sell at your street fair event harm a customer.
Advertising injury–The marketing materials you use for your fair street event have claims of copyright infringement
The coverage limit for this insurance for street fair is $1 million for each occurrence and up to $2 million for the aggregate. Typically, an insurer can offer higher coverage limits, such as $4 million for all your claims in a policy period, but you will have to pay higher premiums.
In addition to your standard general liability insurance, you can include an integral add-on, such as vendor liability insurance. This coverage is crucial if you have third-party contractors in your event and will cover any claims closely linked to their services and activities.
If you sell your street fair event, you need to be aware claims can be made against your products. Imagine you sell beauty products at your event, and they cause allergic reactions in your customers. This product liability insurance will cover legal fees and damages.
Also, you can sell toys at your event, and these items cause injuries to a child. You are liable for these damages; the insurance coverage will settle all associated costs.
Product recall coverage is one crucial add-on to your product liability insurance. Imagine you engineer, manufacture, and distribute a product such as a toy. Later that toy is recalled for being defective and causing harm to the users. This coverage will cover all the expenses of notifying your clients and offering refunds to your customers.
When determining the amount of coverage limit for product liability insurance, an insurer must check the size of your event. If you hold a small event, you will get $100,000 to $500,000 for each occurrence and an aggregate limit of $1 million to $2 million. For large events, the coverage limit for each occurrence is $1 million to $5 million and the aggregate limit is $5 million to $10 million.
This insurance is another fundamental coverage for your business. It covers vendors, employees, or attendees in case they suffer any accidental injuries during your event. This insurance will cover the following:
Doctor fees
Hospital fees
Surgical expenses
Ambulance expenses
Prescribed drugs
Rehabilitation expenses
Follow-up care costs
Typically, accidental medical insurance will not cover pre-existing illnesses, and you will require comprehensive health insurance.
An attendee falls on your street fairgrounds and gets injured
A vendor or participant gets a burn injury during the event
A participant or attendee suffers a laceration or cuts during the event
Emergency medical evacuation coverage–This add-on will cover the costs of transporting injured persons to a better-equipped facility for better injury management
Accidental death coverage–This add-on will cover settlement if a person dies during your fair street event. The settlement amount is typically paid to the beneficiaries
The coverage limits for accidental medical insurance are $10,000 to $100,000. Usually, the limits vary depending on the terms of your policy and the conditions you agree with your carrier. The number of attendees and risk exposure will also influence the coverage limit amount.
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When planning an event, especially an outdoor one, many unpredictable factors can lead to its cancellation. For instance, heavy rains, storms, or floods can make holding a street fair event on a specific date impossible. In such a scenario, event cancellation insurance will cover expenses associated with your event.
The insurance will reimburse you for non-recoverable expenses such as equipment rental fees or advertising fees. It can also cover refunding ticket sales and rescheduling your event. Here are some of the perils covered:
Severe weather
Natural disaster
Terrorism
Non-appearance of a crucial performer
Equipment failure
Terrorism coverage–This add-on will cover the postponement or cancellation of an event due to a terrorist act. You will receive compensation for expenses incurred in organizing the canceled event
Public liability coverage–This add-on covers any liability claims by attendees or third parties. It will cover bodily injury and property damage to the public
The coverage limit will depend on the size of the event. A coverage limit of $25,000-$50,000 is sufficient for small events to cover all related costs. While for a larger event, you may require a coverage limit of $100,000 and above.
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| CoverWallet | NEXT (Best) | Thimble | The Hartford | Hiscox | |
|---|---|---|---|---|---|
| Building coverage limit (minimum) | $50,000 | $330,000 | $25,000/$500,000 | $60,000 | $25,000 |
| Contents coverage limit (minimum) | $50,000 | $35,000 | $25,000/$500,000 | $60,000 | $15,000 |
| Outdoor signs | Excluded | $2,500 | Excluded | Excluded | Included |
| Accounts receivable | Excluded | Excluded | $5,000/$10,000 | Excluded | Included |
| Money and securities | Excluded | $2,500 | $1,000 | Excluded | Included |
| Lock and keys | Excluded | $2,500 | Excluded | Excluded | Included |
| Business interruption floater | Excluded | Included | Included | Excluded | Included |
| Equipment breakdown floater | Excluded | Included | Excluded | Excluded | Included |
| Inland marine insurance floater | Excluded | Excluded | $10,000 | Excluded | Excluded |
| Employee dishonesty floater | Excluded | $5,000 | $2,500 | Excluded | Excluded |
You must erect tents and invest in the best equipment when organizing a street fair. But a disaster–such as a fire, theft, vandalism, winds, or lightning–can strike and diminish your physical assets to ashes or rubble. With commercial property insurance, you can insure your physical assets. Commercial property insurance covers the following assets:
Buildings
Tables and chairs
Signage
Tents
Equipment
Inventory
Commercial property insurance provides your business with a safety net and will cover your property's replacement, rebuilding, and repair costs.
Equipment breakdown coverage–This add-on will offer coverage for the accidental breakdown of your equipment during the event. For instance, the sound system may malfunction due to an electrical problem. This will cover replacement and repair costs
Business interruption coverage–A covered peril such as a storm can lead to the postponement or cancellation of your event. This insurance will cover lost income due to the unfortunate interruption
Insurance providers base the coverage limits for your commercial property insurance on the value of the property used at the event. Usually, the limits can be from $100,000 to $250,000.
| CoverWallet | NEXT (Best) | Thimble | The Hartford | Hiscox | |
|---|---|---|---|---|---|
| General liability aggregate limit | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $300,000/$2,000,000 |
| Commercial property coverage limit | $50,000 | $330,000 | $25,000/$500,000 | $75,000 | $75,000 |
| Optional policies can be added? | Yes | Yes | Yes | Yes | Yes |
| Name additional insureds for free? | Yes | Yes | Yes | Yes | Yes |
| BOP discount? | Yes | Yes | Yes | Yes | Yes |
The business owner's policy is classified as an all-in-one insurance policy that combines two or more policies. This allows you to enjoy cheaper premiums and easily manage your policies. Typically, a BOP contains:
General liability insurance
Commercial property insurance
Business interruption insurance
Property damage
Bodily injury
Damage to your property or equipment
Natural disasters
Product liability claims
Advertising claims
Cyber liability insurance–Sensitive data can be compromised if you collect attendees' data online or process payments digitally. This coverage will protect against any losses due to data breaches and other kinds of cyber attacks
Umbrella insurance–This add-on offers extra liability protection beyond what the primary insurance for street fair can offer
Coverage limits for BOP insurance are estimated according to the specific needs of your event. But generally, most providers offer $1 million to $2 million per occurrence and aggregate for general liability insurance. On the other hand, carriers offer $10,000 to $ 1 million for commercial property insurance.
| NEXT | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|
| Aggregate limit | $3,000/$10,000 | $2,500/$5,000 | $15,000/$25,000 | $5,000-$10,000 |
| Covers hired and borrowed equipment? | $3,000/$10,000 | $2,500/$5,000 | No | Yes |
| Miscellaneous equipment also covered? | $5,000/$10,000 | No | Yes | Yes |
| Offered as an endorsement to general liability insurance? | Yes | Yes | Yes | Yes |
| Deductible | $500 | $500 | $0 | $0 |
This insurance will cover tools and equipment you use during a street fair event. It only covers unforeseen risks and will not cover general wear and tear. It covers perils such as:
Theft
Vandalism
Earthquakes
Fires
Storms
Floods
Inland marine insurance–Standard tools and equipment insurance may not cover your tools and equipment in transit. You can include this add-on to cover any unforeseen perils that occur when you are transporting your items
Rented equipment insurance–If you use rented equipment for your event, you can include this add-on. It will cover any damages to the rented items
When selecting the ideal coverage limit for tools and equipment insurance, you must evaluate the value of your items. Generally, the limits are $10,000 to $100,000.
Do you use cars, vans, or any vehicle for business purposes? In this case, you require commercial auto insurance. The insurance will cover your business vehicles in the event of accidents. It covers your drivers, employees, passengers, or any other person in the vehicle when an accident occurs. Components of commercial auto insurance include:
Liability coverage–Your insured vehicle can cause bodily injury and property damage after an accident. This coverage will cover all damages to third parties
Collision coverage–This component will cover the replacement or repair costs after your insured vehicle hits an object or vehicle
Comprehensive coverage–Focuses on non-collision events such as vandalism or theft of insured vehicles
Medical payment coverage–This will help settle doctor fees or hospital bills after an accident.
Non-owned auto coverage–You can sometimes use non-owned vehicles for business purposes. This insurance cover will costs in case such vehicles cause an accident
Uninsured and underinsured motorist coverage–If you get into an accident with a motorist with limited or no insurance coverage, this component will help pay for your injuries and damages
Roadside assistance coverage–Roadside assistance will cover the cost of battery jump starts, tire delivery, tire installation, gas delivery, towing, and other related expenses in case your vehicle breaks down
Towing and labor coverage–This add-on covers the costs of towing your vehicle from the accident scene to the repair shop
You can get a coverage limit of $25,000 to $1 million for the liability coverage. You can receive medical payment coverage of $10,000 for each person. For collision coverage, you will get compensation for a portion of or the total value of the repair costs
Excess liability insurance will offer extra coverage beyond the primary insurance limit for a street fair. This insurance is customized to protect your street fair event from catastrophic events that may exceed your regular policies' limits.
For instance, a participant in your event may suffer severe injuries after a fall accident in your event. They may sue your business and demand compensation of $2 million. However, your general liability insurance can only cover $1 million. The excess liability insurance will help cover the remaining $1 million in this scenario.
Excess liability insurance is an add-on to your standard policies. You can include it in your other policies, such as general liability insurance, commercial property, and commercial auto insurance.
The coverage limit for excess liability insurance is $1 million to $10 million. The limit will affect the premiums you pay for your policy. You need to evaluate the needs of your business when choosing the correct limit.
Do you employ workers to oversee your street fair event? If this is the scenario, consider having workers' compensation insurance. This policy will compensate your employees if injured while working at the event. The insurance cover will assist you in paying for employees:
Emergency treatments
Hospital bills
Medications
Death benefits to the employee's beneficiaries
Rehabilitation benefits
Lost wages
Stop-gap coverage–This add-on will offer you coverage if you operate your street fair event and cannot offer workers' compensation insurance due to some regulatory reasons
Occupational accident insurance–This add-on will cover employees injured under incidents not covered by your standard workers' compensation insurance
The coverage limit for your worker's compensation insurance will vary from one state to another. But generally, insurers offer two-thirds of your employees' weekly wage. The benefits can last 3-7 years or when your employee fully recovers and can resume their duties.
Street fair vendor insurance is a packaged insurance plan made up of general liability, commercial property, business owner’s policy, and commercial auto insurance. The general liability coverage has a $1 million-$2 million per occurrence and aggregate limit. Commercial property coverage limits are at $10,000-$25,000. The business owner’s policy offers $1 million liability coverage and $25,000 commercial property coverage. Finally, the limits for commercial auto insurance are $25,000 minimum.
| Cost per Month | Cost per Year | Deductible | |
|---|---|---|---|
| General liability insurance | $37 | $444 | $0-$500 |
| Excess liability insurance | $39 | $468 | $500-$1,000 |
| Commercial property insurance | $75 | $900 | $1,000-$2,000 |
| Business owner's policy | $112 | $1,344 | $1,500 |
| Tools and equipment insurance | $41 | $492 | $500-$1,000 |
| Commercial auto insurance | $60 | $720 | $500-$1,000 |
| Workers compensation insurance | $94 | $1,128 | $2,500-$5,000 |
The average street fair insurance cost is $37 per month or $444 per year for a $1 million general liability coverage. Factors that affect the cost of premiums are claims history, business history, deductibles, policy limits, revenues, and location. Here’s a table showing the cost of a $1 million general liability insurance from the best companies:
| Cost per Month | Cost per Year | Best for | |
|---|---|---|---|
| NEXT | $25 | $300 | Best overall; Fastest general liability insurance for street fairs |
| CoverWallet | $27 | $324 | Comparing street fair insurance quotes online |
| The Hartford | $29 | $348 | Large street fairs with high attendance |
| Tivly | $33 | $396 | Comparing street fair insurance quotes over the phone |
| Thimble | $31 | $372 | Businesses looking for short-term street fair insurance |
| Hiscox | $35 | $420 | Large street fairs with high-risk activities |
Get all the best quotes from leading providers in a click of a button!
We have compiled for you the best street fair insurance companies. Read some of the reviews below to know their pros, cons, and average rate for a $1 million general liability insurance.
Best overall
Issues an online proof of insurance instantly
Fastest general liability insurance for street fairs
Great customer service and reputation
Excellent rates
Outstanding value for money
Get a 10% discount if you buy two or more policies
Couldn’t find any
NEXT is a 100% digital insurance provider for small businesses. You can find over 2,500 business categories, meaning each type of business can find the ideal coverage. This company offers over 5 types of insurance products for businesses. You can save on your insurance policies by bundling and paying annually. Low-risk and safe businesses also enjoy affordable premiums.
Best for: Best overall; Fastest general liability insurance for street fairs
Average cost: $25 per month
Our rating: 10/10
Instant insurance quotes
Experienced advisors offer customers support
Several payment options are available
You can download the insurance certificate online
Not an insurance company but an insurance broker
CoverWallet was founded in 2015 and is currently operating in 48 states in the United States. This company does not offer insurance products to people in Vermont or Rhode Island. What makes CoverWallet outstanding is its ability to offer insurance quotes within minutes. You can also discuss with their experienced advisors and get professional support. They have multiple payment options giving business owners so much flexibility.
Best for: Comparing street fair insurance quotes online
Average cost: $27 per month
Our rating: 10/10
Discounts available
Insurance add-ons available
Local agents who offer personalized assistance
May not offer insurance covers for all drivers
The Hartford was established in 1810 and offers several types of business insurance. You can get a business owner's bundled-up policy at a meager cost. It is also important to note that Hartford partners with the American Association of Retired People (AARP). Members of AARP receive attractive discounts. Additionally, they offer standard and stand-out coverage products for businesses.
Best for: Large street fairs with high attendance
Average cost: $29 per month
Our rating: 10/10
Pairs you with the best insurance carrier
Affordable prices
Extensive knowledge of insurance products
A reputable insurance marketplace
You can’t get quotes online
Tivly is an insurance marketplace. It was previously known as Commercialinsurance.Net and will connect your business to the ideal carrier. The company obtains your company’s information and pairs you with the best provider in the market. They have vast knowledge about all types of businesses and will reveal how your insurance will help your business. Call now to compare quotes over the phone.
Best for: Comparing street fair insurance quotes over the phone
Average cost: $33 per month
Our rating: 9/10
Affordable insurance products
Comprehensive insurance products
Customizable policies
You can’t reach customer service by calling
Thimble was founded in 2016 and initially offered only drone liability insurance. However, the company has diversified and now offers over 120 small businesses multiple insurance products. It can offer your street fair event short-term insurance policies.
Best for: Businesses looking for short-term street fair insurance
Average cost: $31 per month
Our rating: 9/10
Fast application process
Focuses even on complex insurance needs
Offer multiple insurance products
Online quoting not available all the time due to periodic site maintenance
Hiscox offers multiple coverage options for businesses. The company started in 1901, focusing on more complex insurance needs. They offer insurance products for healthcare, professional, or technology industries. Something unique about them is that they offer a fast claims processing.
Best for: Large street fairs with high-risk activities
Average cost: $35 per month
Our rating: 9/10
Use anyone except Employers. Period. They are non-transparent and shameful. After I complained long enough to warrant a call from a supervisor, the supervisor called back from a PRIVATE NUMBER (no caller ID), left a message that they are not reversing their decision (without any communication with me), and failed to leave a phone number for me to call back. She was hiding! They also fact find via email and phone calls, which is terrific for speed and communication. However, after setting a precedence of email or phone calls, they send time sensitive information via email, without any heads up... they are hoping you miss it and forfeit via expiration. Evil policies. Go elsewhere.
This place is an absolute joke of a company and should be ashamed of the way they conduct business. I was hurt on the job at the end of July and it took them just shy of 7 weeks to issue out a paycheck to me. Yes the amount was back dated but still. Not many have the luxury of not receiving a paycheck for almost 2 months. To top it all off, the original adjuster marked me down for the wrong state which caused a problem from the get go, I've had 3 different adjusters now since each one can't seem to figure out the simplicity of my claim. All my paperwork which includes, my job, house, and drs visits all are from the same state and city but yet some how I have been filed under a completely different state 1500 miles away. They do not answer your phone calls or emails no matter how many you leave. I've had to escalate my frustrations to the supervisors of each of these individuals in order to even get some kind of response. I've had more communication and information given to me about my claim from the customer service representatives then the actual adjusters.......... please tell me how that works?! A serious overhaul needs to happen here in order to serve your clients the way they deserve to be taken care of. 10/10 do not recommend this company to a single soul on earth
I have never had the displeasure of working with a more incompetent and disrespectful person in my life. I’m an injured worker and the adjuster that was assigned to my case was named Carrie Furgeson. In the past 6 weeks that I’ve been injured and out of work I have only been able to get ahold of her twice, not for lack of trying. I have left countless voicemails, countless emails, and she ignores them all. When I am finally able to get ahold of her I’m greeted with terrible customer service. She is rude, she talks over me and I’m hardly able to get a word in edgewise. She spelled my name wrong on my documents even after I spelled it for her properly countless times, this caused a whole new issue with my bank. I have bill collectors from the hospital calling me demanding payment and Carrie Furgeson won’t do a single thing to help, or to get them paid. All of my documentation is in Colorado, my job is in Colorado, my address is in Colorado, all my Dr offices and appointments have been in Colorado and Carrie still managed to hold my claim because she wasn’t sure what state she needed to file it under. It’s been 6 weeks since my Injury and my company still hasn’t received the wage paperwork to fill out so they can get me my correct wages. When she’s not ignoring me she’s answering my questions with “I don’t know” well I don’t know how she got this job, because apparently she doesn’t know anything about it. She is a disgusting morose individual inside and out and I genuinely wish her the worst in all of her future endeavors. I highly recommend you don’t use this company. Please if you are a business owner and your looking into this company please don’t use them. I’m sure they have the cheapest payment and that’s why companies use them in the first place, but you will be doing your employees a grave disservice by forcing them to venture into this absolute dumpster fire of a company. I would rate 0/5 if possible but 1 was the lowest I was allowed.
Their general liability insurance purchase process is simply the best online experience I've ever had in my life!
As long as they cover your line of business, you're literally covered! best rates, best coverage, best online experience, best professionals, can't be happier that I chose them!
Not all those who wander are lost.
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