Liability Insurance Intro 

Commercial liability insurance is a major budget item for farmers markets, but it is needed to protect the market and its sponsors in case of a lawsuit.  The Federation is proud to announce our partership with Campbell Risk Management, allowing us to offer our member markets an affordable and convenient liability insurance option.  Please click the following link to apply online:

http://www.campbellriskmanagement.com/fmfny-market-insurance-application

FARMERS MARKET LIABILITY PROGRAM

COVERAGE OVERVIEW

General Aggregate Limit:                                                                               $2,000,000

Products-Completed Operations Aggregate Limit:                                             $2,000,000

Personal & Advertising Injury Limit:                                                                $1,000,000

Each Occurrence Limit:                                                                               $1,000,000

Damage to Premises Rented to you (any one premises)                                     $100,000

Medical Expense Limit: (any one person)                                                        $5,000

Host Liquor Liability (Included in general liability)

Aggregate limit:                                                                                          $2,000,000

Each Occurrence Limit:                                                                              $1,000,000

The policy covers incidents arising out of regular farmers market activities and which:

• are caused by the market’s negligence;
• cause injury to customers; and/or
• cause damage to customer’s property or the property where the market is held.

In the event of a lawsuit, the policy covers the market, with a layer of protection to the property owners and the market sponsors. In addition, the program will extend coverage to include multiple locations under the same market organization by sharing the coverage limits between locations.

The premium is based on the market’s annual income and whether you are for profit or not-for-profit, inside New York City or outside the city.  The policy covers a full year based on your chosen policy-start date. The premium is due up front and once coverage is extended, the premium is fully earned.

For pricing information and additional details, read FMFNY Market Insurance Program Info

Note: As coverage for vendor product and general liability are NOT part of the market's insurance policy, it is highly recommended that your vendors get their own insurance to cover their operation and the products they sell.  It is also important that vendors provide you with a certificate of insurance that proves they have this coverage and that they have named your market as an additional insured on their policy.