Public Liability Insurance - local market

(Lisa Devlin) #1

Hi there. I am new to EventTribe. I have a variety of event management experience, gained primarily through volunteering. I need your help. I have recently taken on the task of coordinating our ever growing local market, originally setup via Small Sparks. Previously, we were covered by our local community centre (our venue) policy for Public Liability Insurance (PLI). However, given we are now an established market, stallholders are now expected to have their own PLI, not so good for the small craftsmen this was originally setup for. Can anyone share any advice on this matter? Thanks, Lisa

(Belinda Booker) #2

Hi Lisa, thanks for starting the thread. It’s an interesting topic. Who is insisting on the PLI? The venue? It’s not obligatory by law for small, individual traders to have it.

(Lisa Devlin) #3

Thanks. The community trust that own the building. It’s generally common for stallholders to have it at market’s. We were viewed as a startup business, now we’re established. It’s more the concern if say someone has an allergic reaction to a product, or trips on an item etc.

(Nick Lawson) #4

Hi Lisa, great to have you here!

@markclayton might be able to offer insight here

(simon) #5

Hi Lisa,

I used to work at a street market, and it was mandatory for each stall holder to have PLI. However, as your market is based in one venue I would think that would cover each vendor.

Your best bet would be to contact the NMTF, or the people at Love Your Local Market who I always found to be very helpful.

Good luck with everything! Love to see new markets growing :blush:

(Belinda Booker) #6

PLI for stallholders is likely to cost around £120 a year. If you don’t think they will be able to afford it, you should make the case to the community trust. As it’s not mandatory by law and you would technically still be covered by the venue’s insurance maybe they would reconsider? I guess it depends on the perceived level of risk. If there’s food involved, that obviously higher.

(Lisa Devlin) #7

Thanks. Yes. We have already tried to discuss this but no leaway. Stallholders have managed to purchase PLI for as little as £50. Oh well.

(Belinda Booker) #8

Maybe you could crowdfund for a policy that covers the event as a whole? @markclayton can you help?
Could you have a PLI policy to cover a craft market (negating the need for individual stallholders to have their own) and how much would it likely cost?

(Lisa Devlin) #9

Thanks Simon. Really useful. Much appreciated. Lisa

(simon) #10

No problem :slight_smile:

(Melissa Saunders) #11

Might also be worth having a chat with these people: I don’t know them but they appear to be market insurance specialists so I would hope they’d be able to outline the options for you.

(Lisa Devlin) #12

Thanks Mel. Yes this company have come highly recommended. Cheers.

(Melissa Saunders) #13

Best of luck and do let us know how you get on!

(Lisa Devlin) #14

Hi. I’ve decided to launch my own Craft and Produce Market, accepting that PLI is a standard requirement. Very excited. Thanks again.

(Melissa Saunders) #15

Wow - fantastic @Lisa_Devlin Exciting times. Where will it be held?

(Lisa Devlin) #16

Coopers Edge, Gloucester. We’ve got the full backing of the Barnwood Trust.

(Melissa Saunders) #17

Brilliant start!

(Rick Nick) #20

Yep. That’s how it works now - stallholders must have a PLI. So the remaining question here is how to get one. There’s a great service whic compares Insurances from a range of different companies and picks the best according to your needs. Check it here Hope that helps.