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Best Farmers Market Insurance of 2022

Bryan Keith

Farmers market is a great way to sell your goods directly to locals. Although this supports local businesses, farmers market insurance can protect you from liabilities, theft, and property damages. We’ve evaluated the best farmers market insurance providers based on coverage, financial stability, customer satisfaction, and overall quality.

Affordable plans and coverage provided within minutes

$2,000,000

Coverage Up To

$0 - $2,000

Deductibles

Overview

Next Insurance leverages AI technology to streamline the process to purchase insurance, track claims, and manage policies at no additional cost.

What we like

  • Affordable insurance plans
  • Customized coverage to fit your business
  • Get covered within minutes
  • Near instant access to proof of insurance
  • Quick and easy to process claims

What we don't

  • Not available in New York

Covers a wide range of industries

$2,000,000

Coverage Up To

$1,000+

Deductibles

Overview

Coverwallet began its journey in New York City in 2015 operating under the Aon Insurance banner. At Coverwallet, you can access everything you need to keep your company well-protected at an unbeatable price.

What we like

  • A skilled advisor to assist you
  • Free quotes from multiple insurance carriers
  • Covers low risk to even some high risk industries
  • Online account management

What we don't

  • No brick-and-mortar offices
  • Deductible costs

Customized solution to fit your business needs

$2,000,000

Coverage Up To

$0 - $10,000

Deductibles

Overview

With a 100-year history of insuring businesses, Hiscox is well-known across America and globally. With more than 500,000 small business customers, Hiscox is fully aware and trained in the unique risks a business can face.

What we like

  • Established insurance company
  • Dual auto insurance
  • Customizable insurance for over 180 industries
  • Deductibles starting at $0
  • Affordable rates

What we don't

  • Limited US offices
  • Coverage limited to $2 million online

Flexible coverage by the year, month, day, or by the job

$2,000,000

Coverage Up To

$0 - $10,000

Deductibles

Overview

Thimble provides business insurance that can be tailored to your business by the year, month, day, or even the job. At Thimble, the process to getting the right business insurance is simple, scalable, and flexible.

What we like

  • Scheduled coverage options
  • Coverage by the job available
  • Buy a policy online within minutes
  • No hidden fees
  • Affordable plans
  • Drone insurance

What we don't

  • Not available in New York

What is farmers market insurance?

Farmers market insurance is a way to protect your business at farmers markets from unforeseen events that could be financially detrimental to a small business. It can cover your business’s assets and your trailer/booth.

Who needs farmers market insurance?

Anytime you operate at a farmers market or similar event, you become liable for any type of injury, illness (like food poisoning), or damages that happen due to your business. For example, if you hook your booth up to electricity and someone trips over the cable, you could be liable to pay for the injuries they sustain. These types of accidents can cause small businesses to close their doors, so farmers market insurance can be important for whoever operates in these events.

What insurance do farmers market businesses need?

Policies can include product liability insurance, business personal property insurance, and general liability insurance. Some event organizers will want to be included as additional insureds.

Common types of farmers market insurance

General liability insurance

If a customer trips and injures themselves or damages occur around you, general liability insurance will be able to cover the costs.

Product liability insurance

This type of insurance can cover you if a customer claims they got food poisoning from the food you provided. Specifically, product liability insurance protects you from injury or damage that occur due to products you sell.

Damage to premises rented insurance

Accidents can happen over the years of renting out multiple booth locations throughout the different events. You can do everything within your power to leave the area exactly how you got it, but damage can still happen unintentionally. Damage to premises rented insurance can cover instances like a fryer spilling and leaking onto the road and staining it.

Workers compensation insurance

If you have employees as a farmers market vendor, you need to also include a workers compensation policy to protect your business and employees from large financial obligations if they get injured on the job.

Inland marine coverage insurance

This type of insurance protects any equipment you may have moving to and from different events. It can cover theft or damage while transporting.

What are the limits of farmers market insurance?

The limits for your business depend on the types of coverage you need. Here is a rough idea of what to expect from aggregate limits of the different insurances:

  • General liability: $2,000,000
  • Product liability: $2,000,000
  • Damage to premises rented: $300,000
  • Workers compensation: $300,000
  • Inland marine coverage: $10,000

How much does farmers market insurance cost?

There are different factors that can affect how much farmers market insurance costs. These factors can include:

  • Types of products you sell
  • Quantity and types of vehicles used by the business
  • Area you conduct your business
  • Size of your business (employee number)

Grouping policies together with the same insurance provider can help save money through discounts. There are also different policies depending on the type of coverage you need. You can purchase annual policies or temporary coverages for only specific farmers markets you want to attend. Annual policies can range from $276 to $504 per year, while temporary coverage policies start at $8 for three hours.

How to choose the best farmers market insurance

Here are a few useful tips that can help choose the best provider for you:

  • Compare quotes: There are a lot of options and often providers will compete for your business.
  • Customize: The provider should be able to customize their product to best suit the needs of your business. A provider that is not willing to work with you should not be the provider you work with. Making sure the provider gives you a few different options and lets you pick what will work best with your budget and requirements, versus trying to sell you the highest priced product.
  • Customer feedback: Checking reviews for each provider to see what their customers think about them is a great way to scope out how they really operate. Third party companies like the BBB which rates how satisfied the public is with large companies, so this score is a good measure on how to qualify a provider.