About
Public & Products Liability Insurance For Stallholders
Perhaps you’re selling indoor plants at your local farmers market or retro goods at the weekend car boot sale. As a stallholder, you have a duty of care to members of the public (third parties) who come into contact with you while you are retailing your products and/or services.
If someone is injured in an accident or their property is damaged while you are providing a service or as a result of a product you have sold, they can take legal action against you. If found responsible, you may be required to pay for the damage or injury you may have caused. Even if you are not found responsible, there may still be a cost in defending yourself legally.
A Public & Product Liability policy can cover you against potentially costly claims that can result from something you do or fail to do as a stallholder. It will cover your costs and pay compensation if you are found legally liable, subject to the specific terms and conditions of the policy.
Stallholder Public & Products Liability Insurance Covers You:
Products Liability Covers you for damage or injury caused by a product you have sold.
Legal Costs Covers your legal costs in the event that a claim is made against your market stall including for claims alleging negligence.
Property Damaged Covers damage to property caused by your market stall activities including damage caused by negligence.
Personal Injury Covers you if, in the course of normal activities, your market stall has caused injury to someone.
Third Party Covers you for claims made by third parties.
Types Of Stallholders We Insure:
Here at LCIS we provide insurance options for a range of stallholders including the following:
Food StallsBric A BracTrash & TreasureFresh ProduceFarmers MarketArts And CraftsQuilting’sCaricature DrawingsFramingFace PaintersBody PaintersPaintersFresh ProduceTarot Card ReaderVintage GoodsIndoor Plants/Plants
FloristCakes/CupcakesJewelleryBooksCar Boot Sale MarketsMusical InstrumentsSouvenirs & GiftHome & LifestyleFurniture/DécorHomewaresPre Loved Clothing (Excluding Children’s clothing)DreamcatchersInformation BoothsRaffle Ticket SalesSaussage Sizzles
Why Choose LCIS Stallholder Public & Products Liability Insurance?
In our experience with working with community groups and not for profit organisations for over a decade, we understand there is a lot to consider when comparing Stallholder Insurance. We have developed flexible coverage to suit your market stall, with benefits that include:
- ✔ Stallholder Insurance which offers both Public Liability AND Products Liability coverage
(Note: Products cover is subject to exclusions) - ✔ Coverage that is available in 1 day, 3 day and 12 month periods
- ✔ No limit on the number of markets you attend on a 12 month policy*
- ✔ Instant coverage when you purchase online with credit card
- ✔ The provision of on-going risk management advice to assist you in eliminating and reducing the risks associated with your group’s activities.
Do I need Insurance For My Market Stall?
Yes. Most market organisers require you to obtain adequate insurance before partaking in a market or fair. As a general expectation, market organisers require stallholders to take out a Public & Product Liability Insurance policy, which covers:
- Product liability which protects you if the goods you sell cause an injury or sickness to your customers; and
- Public liability which protects you if you cause an injury to someone in the vicinity of your stall, or you cause damage to third party property.
It is important you have both Public & Products Liability under the one insurance policy. Some insurance providers only offer Public Liability, which means you are not covered for the products you sell.
Some Examples Of What This Policy May Cover:
- Your tent/marquee comes loose in windy conditions and hits someone’s car because it was not properly secured.
- A person slips on a wet surface in your stall because you have not made it safe for people to walk on.
- If the products you are selling at your stall, like cakes, cause multiple people to become seriously ill.
How Long Does Public & Products Liability Insurance For Stallholders Last?
Coverage is available in 1, 3 day, and 12 month periods:
- If you run multiple market stalls over the course of a year, you will require an annual policy.
- If you run a one-off market, a one-off stallholder policy will cover you for duration of either 1 day or 3 consecutive days.
Are There Any Locations That The Coverage Excludes?
The policy only covers the Public and Products Liability in the vicinity of the stall you are holding at a market or shopping centre. The policy does not cover you if you are selling from your home or from any other business location (e.g. a retail shop you own). The LCIS Stallholder policy is intended to cover hobbyists operating only at markets, not a commercial business.
Who Is Covered Under This Policy?
The Stallholders Public and Products Liability policy covers only an individual and the assistants/family members selling goods at a single stall. If anyone else is attending and selling their own goods, they will require their own policy, even if they are selling from the same stall.
What Are Liability Limits? How Much Cover Do I Need?
A liability limit is the total dollar value your policy will cover you for. As a stallholder you have a crowd exposure which increases the risk from a single incident to one that could cause injury and impact numerous people. In simple terms, the larger the event is, the greater the risk and crowd exposure.
To facilitate potential crowd exposures, a higher cover limit of at least $20M is recommended for stallholders. By opting for a $20M limit rather than $10M limit, you are in effect doubling your protection for only approximately 25% increase in total premium cost. (Subject to fees and charges)
Do I Need To Pay Excess If I Make A Claim?
An excess is the additional contribution amount you are required to pay when you successfully make a claim against your policy.
Our base policy has a $500 excess for each and every stallholder claim.
How Can Policy Exclusions Affect Me?
In simple terms policy exclusions are a type of risk or loss that is not covered by the policy. When obtaining insurance for a market stall you need to ensure you research the policy exclusions carefully to avoid any potential risk exposures related to your activity, the products you sell or your location.
All insurance products have policy exclusions. However, it’s important to note that not all policy offerings are the same and exclusions will vary substantially from each insurance provider. Always read carefully what circumstances an insurer excludes from the cover.
Some market organisers may offer insurance as a part of the registration fee, while this can be convenient, you need to make sure you obtain the policy information so you know exactly what you’re covered for.
A detailed list of policy exclusions must by law be listed in the Product Disclosure Statement (PDS). If you are ever unsure on what is included in the policy, make sure you contact LCIS.
Note: Some low-cost insurance policies can sometimes have limited coverage. This may result in being under insured or significantly out of pocket in the event of a claim.
What Are The Policy’s Exclusions?
To ensure we are able to cover your potential risk exposures check the detailed list of Activities and/or products not covered by this insurance
The Policy Wording contains a full list of policy exclusions. If you are ever unsure on what is included in the coverage of your policy, contact LCIS.