If you are a market trader or a stall-holder then it is important that you make sure you are covered against the various risks that you are susceptible to, in your line of work. In order to be sufficiently covered it is very necessary to have a good market traders insurance policy in place. This will cover you against multiple risks and provide you with the necessary peace of mind to be able to go about your business without having to worry about things.
As a market trader you need market traders Public Liability Insurance. The last thing that you need to deal with as a busy trader is a member of the public making a claim against you because of injury or damage to property. Legal expenses and compensation are two things that are often unable to be met by a market trader, and so it is important to have market traders insurance in place. The premium that you pay will cover any such situation that might arise, and when compared with the potential cost of not having cover, represents considerable value. Plus, it is all about feeling protected – from yours and the public’s perspective.
It is not uncommon for some market traders to consider themselves at less risk than with other environments, but this is simply not the case. The fact of the matter is that whilst you don’t function under the same type of risk as a builder, perhaps, there are still common, fundamental risks that you share with people who function in such sectors.
It is necessary to be of the realisation that the nature of your work means that you function within in the public domain. You are therefore not protected by the advantage of working in an enclosed environment, such as an office, where you are afforded the luxury of not being around members of the public. In this situation you are at heightened risk of being involved in an incident that results in a member of the public being injured. Also, there is a chance that you might damage the property of another person. The costs associated with this are all covered by a market traders Public Liability Insurance policy. Potentially, having the right insurance in place could save you hundreds of thousands and if not, millions.
Shop around online and see what the various insurance companies have to offer. Use online quotes to gauge what a reasonable amount to pay is, for a sufficient amount of cover, and speak to the insurers that interest you. Choosing an insurers is largely based on how well they understand the industry, and how well they understand your needs, so make sure you choose market traders insurance from a company with good levels of communication. If a company is going to be good to deal with when it comes to making a claim, then they’ll be good to deal with from the off.Get quotes