Market Trader Insurance

This section explains market trader insurance – the kind of market trader insurance you might need, where to get it, and the appropriate amount of cover:

Why do market traders need insurance?
What type of insurance do market traders need and what level of cover?
Why compare market trader insurance with Coverzones?

Why do market traders need insurance?

Whether you are a permanent stallholder at a market or completely mobile, setting up your stand in many different locations, as a market trader, insurance is an essential part of your business. It protects you against the costs of legal expenses and compensation should a member of the public sue you for injury or death, or damage to their property. In fact, market trader insurance is often required by councils and venue owners. And if you are an employer, you are required by law to have Employers Liability Insurance.

Get online quotes for market trader insurance now.

What type of insurance do market traders need and what level of cover?

Market trader insurance normally includes several different types of cover to protect your business:

• Public Liability Insurance for market traders: This provides cover in the event that a member of the public was injured or killed as a result of your business activities – for example, if your market stall fell over and hurt someone. A minimum of £1m - £5m cover is normal and your local council may have its own minimum levels you must comply with.

Get quotes for Public Liability Insurance for market traders now.

• Employers Liability Insurance for market traders: This covers you for damages and legal expenses in the event that any of your employees were injured or killed while working for you. If you have employees, or part-time helpers, or if you sub-contract staff to work for you, you need at least £5m cover by law.

Get quotes for Employers Liability Insurance for market traders now.

• Professional Indemnity Insurance for market traders: This covers you for errors made by you or by anyone you employ that could result in legal action against you. If you belong to a professional body of market traders, the amount of Professional Indemnity cover you need may be stipulated by their membership rules.

Professional Indemnity Insurance for market traders will soon be offered here at Coverzones.

• Professional Insurance for market traders: This is a complete package of the different types of insurance cover needed by the market trader. Insurance included in this type of package would cover public and employer’s liability, and would also offer further options relevant to your work – cover for injury caused by any of the products you sell, for example, or international cover options for those whose work takes them to markets outside the UK.

Professional Insurance for market traders will soon be available here at Coverzones.

Why compare market traders insurance with Coverzones?

With early morning starts and late finishes, time is always precious to market traders! Coverzones saves you time, enabling you to compare insurance quotes online in mere minutes. We’ll show you a choice of quotes from a panel of insurers, saving you some serious money in the process, and making it easier than ever to set up your market trader insurance.

With a complimentary MyCoverzones account, you can also keep all your insurance details on our secure server, in easy reach should you need to amend, renew or cancel any of your policies at any time.

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