Think you might need public liability insurance for your market stall, but not sure exactly what it is or how much it will cost?

Don’t worry, you’re in the right place — this blog will help you understand what public liability insurance is and how it works, as well as provide you with that all-important information about how much it might cost.

 

How much is public liability insurance for a market stall?

When it comes to the price you pay, there are multiple factors that determine the cost of your public liability insurance. Such as:

 

• The type of goods you sell.
• The type of stall you use.
• The number of stalls you operate.
• The level of cover you purchase.

 

How much does it cost with Marketline?

Marketline provides public liability insurance for market traders from as little as £60.40 a year.

There is no limit on the number of events you can attend, and they can be indoors or outdoors. This includes markets, fairs, car boot sales, events, exhibitions & festivals.

Cover is arranged through Allianz, an A-rated insurer, up to £5 million as standard, with the option to increase to £10 million. Plus, Marketline can provide Employers’ Liability cover up to £10 million as an additional option.

Receive an instant quote & cover via our easy-to-use online portal, which you can access directly below:

 

What is public liability insurance?

Public liability insurance is a fundamental (and often essential) type of business insurance.

If a person — such as a client, customer, supplier, passer-by — suffers an injury or damage to their property or possessions as a result of your ‘negligent’ business activities, your business would be liable.

‘Negligent’ here would mean a failure to carry out the duty of care you owe to customers, clients, et cetera, by not conducting your business activities to a sufficient professional standard.

In a case where this occurred and you were sued, it would be up to a court to decide whether or not you were negligent and are therefore legally answerable. If you are, you would have to pay compensation and cover any legal costs.

Public liability insurance protects businesses against these often unexpected costs incurred when they are found to be negligent.

 

Why do market traders need public liability insurance?

Public liability is now required by most markets and events before they will allow you to trade.

But even if it isn’t required, it’s a good idea for every market trader to have it. A claim for an injury or damage to property could easily run into thousands or even millions of pounds.

As a result, without public liability insurance many businesses would face bankruptcy in the event of a claim — making it an essential piece of cover for many, especially considering its low cost.

Find out more about Public Liability for Market Traders