Liability Insurance Intro
Commercial General Liability insurance is a major budget item for farmers and markets. But it is something that everyone needs to protect their farm, the market and its sponsors in case of a lawsuit. The Farmers Market Federation of NY has contracted with insurance companies to provide access to affordable insurance to all members. The program is available to both farmers markets and the farmers and vendors participating in farmers markets.
With the price of food and fuel steadily on the rise, we are pleased to annouce that there will be no increase for vendors insurance this year! The fee will remain at $300 for the policy, plus $25 federation dues for the 2013-2014 season.
VENDOR MARKET LIABILITY PROGRAM
The vendor liability program provides $1 million per occurrence in both general and product liability coverage. The premium extends to all markets the vendor participates in, providing they are disclosed on the annual application. Markets added after the original application date may be subject to a $10 per market fee. In addition, the premium will provide unlimited additional insured certificates.
The program covers farmers and vendors participating in farmers markets ONLY. It will not cover a farm stand, retail store outlets or other forms of marketing. The program covers a wide range of products, however, it will not cover:
Wine or other alcoholic beverages
Certain types of crafts (call for more information)
The policy period for the Vendor Liability Program begins on April 1st and extends to March 31st. Premiums are not prorated for entering the program after April 1. The premiums are due up front and once coverage is extended, the premium is fully earned.
Per request of the insurance company, the Farmers Market Federation of NY will act as billing agent for participants in the Vendor Insurance Program. Premiums are paid through the Federation office. All requests for additional certificates must be made through the Federation office. Please allow a minimum of two weeks processing time for additional certificates.
Membership in the Farmers Market Federation of NY is required to participate in the Vendor Insurance Program.
Click here to download or print the Vendor Liability Insurance application.