Focus on selling your wares without worrying whether you have the necessary cover in place to protect your business.
As an insurance broker, we’ll help you work out what market traders insurance you need, search our selection of insurers and gather suitable market trader insurance quotes. Then once you’re happy with a suitable policy, we’ll get your cover set up – no stress, no fuss.
Your market trader insurance requirements will vary depending on the type of trading you do and the products you sell. We have a wide range of covers available for you to choose from, so contact us to find out more.
Available Market Trader Insurance Covers**
Contents and stock.
Theft of takings.
Why Market Traders Insurance is Important
If you run a stall, either in a permanent location or a pop-up there are many risks to consider. Markets can be busy places and accidents can happen, for example if a member of the public trips on part of your stall, an unattended item, or cable you could be liable for any injury they suffer or any damage caused. Similarly, if you accidentally damage another trader’s products or stall, market trader public liability insurance can cover the costs you incur. It’s also likely that if you’re renting a stall or space in a venue, you will be required to have the right liability insurance in place.
Depending on what you sell, your products could have the potential to cause harm to your customers. For example, handcrafted objects could be sharp and cause injuries, or cosmetics could cause irritations or even illness. Product liability insurance can protect your business and cover the costs if your customers bring a claim against you. Even if you only sell your products at certain times of the year, like at Christmas, it’s important to have cover all year round, because your cover needs to be in place when the injury or damage occurs, not just when you sold the product.
If your usual venue is closed, and you can’t sell to your customers, business interruption insurance could cover your loss of earnings for days you're unable to trade. This means you can get your business back up and running when you are able to. Another risk that could stop you trading is losing your stock or tools. Any stock, raw materials, tools or machinery should be covered by contents and stock insurance whether in storage, at your home or when you’re out at markets or fairs.
If you have any employees that help you produce your stock or sell your products at markets and events, you are legally required to have employers liability insurance. Another cover you may want to consider is theft of takings. You may be taking many payments as cash, so ensuring this is protected whether you’re on the move or if it’s secured at home is vital.
Without the right insurance in place, recovering from a claim or loss is down to you. A market traders insurance policy, tailored to your needs protects you, your business, your staff, and your customers, so you can focus on running your business.
Market Trader Van Insurance
If you use a vehicle to transport your goods between venues, you may need commercial vehicle insurance. This provides cover for your vehicle, and products as you travel between markets, should you have an accident and your goods are damaged or destroyed.
Get Market Traders Insurance
We will make light work of finding you the right market trader insurance quote at the right price. We know you’re busy, so we’ll provide advice and search for the insurance you need, so you don’t have to. This will leave you to focus on your business and continue trading knowing you’re well protected. Contact us now.
* Please click here to view our pricing disclaimer.
** Standard and optional cover may differ dependent upon insurer.
Frequently asked questions
I’ve being using smei for almost 6 years now & the team always give a friendly professional service, good knowledgeable advice & are always most helpful. I have spoken to the same team members several times & I think that is really nice, they know what I need as a business & are always extremely happy to assist. I would definitely recommend smei to other businesses for their insurance needs.Mark