Vendor Event Insurance
Special events can cause demand for specific goods to increase. And so, there are vendors that opt to do business during events only. Vendor event insurance is a type of vendors insurance coverage with terms that, as the name implies, takes effect when a vendor is involved with:
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Trade shows and expos
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Football and racing events
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Charity and fundraising events
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Live performances
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Gaming and comic conventions
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Other events
In addition, depending on which carrier offers it, vendor event insurance provides a certificate of insurance. A certificate of insurance is a document testifying a vendor is insured and won’t transfer any liabilities to the event organizers. Event organizers always look for certificate insurance before working with any vendor and this makes it very important.
Food Vendor Insurance for Festivals
Food vendor insurance for festivals that offer basic general liability and contents coverage fit festival food vendors best. General liability will take care of slips and falls, tripping, and fire breakouts festival food vendors may cause due to poor crowd and space management. On the other hand, contents coverage will provide protection against theft and stock damage. We recommend getting these during musical festivals .
Mobile Food Truck Insurance
Festival food vendors using mobile food trucks can also opt to use mobile food truck insurance . Coverages are general liability and commercial auto liability. General liability is useful if someone trips on the cables and wires of the mobile food truck. It’s also possible for someone to slam on the food truck carelessly and get injured; general liability also provides coverage if this happens. On the other hand, commercial auto liability will be handy if the mobile food truck rams into another mobile food truck, a random person’s car, or a festival facility.
Insurance for Mobile Food Trailers
Trailers used for selling food serve as food trucks. But surprisingly enough, mobile food truck insurance doesn’t cover trailers.
There are two ways for vendors to get their food trailer covered. The first is to get a stand alone commercial auto insurance for the food truck with comp coverage. If this is hard to do, the second option is to get insurance for mobile food trailers which provides coverage to trailers regardless of type, size, weight, and purpose.
Hot Dog Cart Insurance
Compared to most other food vendors, hot dog concessions represent the lowest risk. However, there’s always the possibility of your cart blazing in flames and burning people and their property. And so, it’s best not to underestimate the usefulness of hot dog cart insurance.
Another common scenario is that you could lose control of your cart, and it could crash into somebody’s car or personal property . This makes it imperative to maintain a simple hot dog cart liability insurance policy.
Flea Market Vendor Insurance
Vendors in flea markets sell secondhand items. Unlike brand new items, no one checks antiques for quality and consumer safety except the vendors themselves. And so, flea market vendors face risks that potentially defective products bring.
Items in flea markets such as thermometers, leathers, toys, and furniture can cause allergic reactions due to the degradation of substances used to make them. Allergic reactions can be the cause of customer personal injury claims if severe. A flea market vendor facing a lawsuit might pay $6,352 for lost compensation, hospital bills, and pain and suffering.
False advertising and product defects are other problems flea market vendors might face. On average, settlement for this is $3,234. However, if the customer is really set on making things hard, false advertising and product defect lawsuits can result in temporary suspension of business license. A great example is a couple who bought a dog for $400 during a flea market pet sale. The dog died a few days after the purchase. As a result, the aggrieved couple was determined to file a lawsuit that will stop the vendor from selling.
Flea market vendor insurance provides general liability and products liability coverage. General liability coverage protects flea market vendors from false advertising and personal injury claims. On the other hand, product liability will cover any resulting costs when a customer bought a defective secondhand item.
Farmers Market Insurance for Vendors
Just like flea market vendors, farmers market vendors can easily face lawsuits. Slip and fall accidents are the most common reasons. Contributing factors are:
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Poorly managed electrical cords of stalls or tents
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Wet grass or ground
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Liquid spillage (oil, gasoline, or water)
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Potholes and cracks on the ground
Vendors’ tents also cause injuries to customers in farmers markets . Tent-related accidents happen when:
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the tents are dislodged by strong winds
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a customer trips on the ropes/weights of the tents
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the tent umbrella suddenly opens and hits someone’s eye or face
Personal injury lawsuits against vendors in farmers markets can be very costly. For example, a simple elbow injury - one that didn’t even affect the victim’s quality of life in any way - amounted to $135,000 in direct compensation. In connection, farmers market insurance for vendors can shoulder such an amount as it may provide $1 million for personal injuries, $400,000 for damaged customer property, and $5,000 for damages to business personal property.
Liability Insurance for Farmers Market Vendors
Farmers market managers can be held liable for injuries vendors caused or are accused of causing. Commonly, customers go for the farmers market managers instead if the vendors in question don't have coverage.
To make sure that this doesn’t happen, farmers market managers prohibit anyone, who doesn't have liability insurance for farmers market vendors, from selling. Liability insurance most farmers markets require vendors to get are:
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General liability
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Products liability
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Premises liability
Aside from liability insurance, managers require vendors to get:
Additionally, vendors must see to it that their liability insurance allows the naming of an additional insured in their policy. It’s because most farmers market managers want to be covered by the sellers’ vendor liability insurance coverage in case a customer files a claim against more than one party.
Wedding Vendor Insurance
Wedding vendors have a lot at stake as clients want to have the best wedding. Everything must be perfect, from the invitation cards, flowers and lightings, wedding decorations, venue, up to how the wedding program is organized.
With that said, if something goes wrong, trust that things won’t only end up with “my sincere apologies” and “it's okay ".
Breach of contract is the most common reason why couples sue a wedding vendor. However, lawsuits don't only result from something so complicated. Couples can also raise a lawsuit just because something was different from what the wedding vendor promised, there was an unexpected wedding cancellation, or a missed delivery of key items for the wedding happened.
When facing a lawsuit that takes a whole year to resolve, wedding vendors can spend more than $11,000 for attorney fees. Also, if the case is lost, wedding vendors might have to reimburse what the client paid plus the cost of punitive damages and other penalties the court might impose. For this reason, getting general liability insurance for wedding vendors with products and completed operations coverage is crucial.
Some couples, because of financial constraints, rent rings, vehicles, and other equipment from wedding vendors for their wedding day. In case of damage or theft, it’s hard for wedding vendors to go after their clients. Carriers recognize this problem and make it possible for vendor insurance for wedding to reimburse, replace, and repair any stolen or damaged rented product.
Craft Vendor Insurance
Most artisansset up at flea markets, farmer’s markets, festivals, or events. As such, craft vendor insurance is a policy designed to cover mishaps that could happen at vending locations. Carriers offer this as short-term insurance or standard policy for artisans such as sculptors, weavers, metalworkers, potters, and clock smiths.
If availed as short-term insurance, craft vendor insurance only offers basic general liability coverage with a maximum duration of 3 months. On the other hand, if availed as a standard insurance policy lasting for a year, it offers general liability, products liability, business personal property, and false advertising coverages.
