Market Stall Insurance
For Stallholders at Markets, Fetes, Festivals and Car Boot Sales.
Our Market Stall Insurance policy has you covered
You’ve got ideas in your head about how to set up your stand, your products are ready to go, you’ve set your prices and you’re looking forward to a good day’s trading – but what about insurance for your market stall?
If you’re a stallholder at an organised public market, you’ll probably need to have some kind of public liability insurance in place as a condition of running your stall imposed by the market organisers. But more than this, it can also protect you and your business against some serious financial risks. It’s your insurance policy against the cost of damages to third party property or injury to persons at your stall.
I've got a market stall, do I need insurance?
Explain Public Liability Insurance to me.
You know that medical insurance will cover you when something goes wrong medically. Well market stall insurance covers you when something goes wrong at the market. Public Liability Insurance is your protection against the costs of damage that may occur whilst working on your stall. It may be damage to third party property or personal injury to others at the market.
Here’s a possible scenario. Say, for instance, you have a potential customer walking through your art stall and a mirror falls from your stand and crashes onto their foot. If you were found to be responsible for their injuries, you may be liable for their medical costs and even their lost income due to the injury. Supposing the mirror that has fallen and also caused damage to the market floor, you may also be liable for repair or replacement costs.
The potential cost of damage doesn’t end there. As someone that sells a product, you could also be found responsible if a product you sold resulted in property damage or personal injuries.
All these costs add up – Public Liability claims can vary enormously, ranging from a small amount up to thousands of dollars, especially if someone is injured. Without adequate insurance, you as a stallholder can easily suffer financial hardship as a result of a single mistake or unexpected chain of events.
Public liability insurance policies don’t cover every single risk that is present for a market stall holder and you should always check what’s covered (link), the policy wording (link) and exclusions (link). However a good insurance policy should cover most events relating to personal injury and property damage that you may be found responsible for – whether or not you think it’s fair.
Product Liability Exclusions
We are unable of offer products liability insurance to any of the following products.
- Imported & manufactured toys (new toys sourced from Australian suppliers are acceptable)
- Second hand toys
- Adult toys
- Imported & manufactured electrical products (new electrical products sourced from Australian suppliers are acceptable)
- Second hand electrical goods
- Second hand mechanical goods
- Uncooked Seafood
- Animal feed intended for animals other than domestic pets
- Medicines, potions, oils, fragrances or beauty products (Soaps & Candles are acceptable)
- Silicone Jewellery and/or Teething Rings/Beads
Hazardous, flammable or dangerous goods include but are not limited to:
- Products that have been dispensed, or have been repackaged into smaller containers for retail sales
- Products sold in containers exceeding 5 litres or 5kg
- Explosive tools, fireworks, extremely flammable liquid or bulk pool chemicals
- Products intended to be used in connection with the navigation, safety or controls of vehicles, aircraft or watercraft
- Weapons or firearms of any kind including (but not limited to) knives, swords, firearms, ammunition or any device requiring a license to possess or use due to its dangerous aspects
- Parts for motor vehicles
- Medical equipment
- Model aircraft
- Power tools
- Motorised vehicles
- Self-balancing motorised boards and scooters
- Deep Frying activities
- Any chemical related products
So what does Liability Insurance include?
Like any other insurance, the features offered and cover provided varies between different providers. The liability insurance product offered by us here at AUZi includes the following main features:
A final check before considering Public Liability Insurance for your market stall
Before you take out insurance have a chat with the market organisers and find our what their liability insurance requirements are. You may find that the market you are involved with offers a master policy, whereby individual stallholders pay a small fee to be included within the group policy – or that fee may be included in your stallholder’s fee. However, even if there are no requirements to hold public liability insurance for your stall, it is wise to at least consider taking out your own insurance policy to cover you in the event of claim against you or your business.
As you know, accidents can happen at any time – and often when we least expect them. If someone suffers a loss that might be down to your market stall, it is all too common for individuals to call upon a lawyer to seek compensation. If you want to avoid a single mistake or something going wrong costing you your hard earned money, your reputation or even your business, it’s worth considering taking out insurance to protect yourself.