Vendor insurance provides protection for a wide variety of risks that vendors expose themselves to due to their individual circumstances. Food vendors, for example, expose themselves to risks like allergies, damage caused by cooking equipment, injuries caused by food being too hot or too cold, and many other situations. Smaller wineries expose themselves to all the risks involved in the distribution of alcoholic beverages. Anything sold with a variety of small pieces could end up injuring someone if they use it in a way that isn't foreseen by the one who built it. The coverage options that you have as a potential policyholder include the policies listed below. If you would like help knowing which of these coverage options would be best for you and your insurance needs, it is recommended that you contact your Morison Insurance broker

If you are planning to sell goods at trade shows, fairs, markets, or events, you require vendor insurance. This is not just a recommendation, as many event organizers will require you to have proper vendor insurance. There are plenty of types of businesses that benefit greatly from the acquisition of vendor insurance. Some of these are as follows:

• Stationary food trucks
• Arts and craft vendors
• Custom wineries
• Anyone selling something during fairs

Please note that this is not a complete list, as many other places will benefit from the protection provided by vendor insurance.

Vendor insurance provides a level of protection that no amount of careful planning can make up for. Depending on what you sell, you expose yourself to claims related to many forms of bodily injury & property damage to your clients and their possessions. Maybe one of the products you sell causes a dangerous allergic reaction in one of your customers. One of the items you bring to art & craft fairs might incidentally injure a vulnerable customer who decides to hold you responsible. These are all situations that could end up with you needing to pay large amounts of money if you didn't purchase vendor insurance.

It depends on your situation. Each vendor has different needs based on their unique situation.

It is understandable to want to know how much you will be paying for the peace of mind that insurance can provide. Luckily, there are a few factors within your control that you can use to lower your premium. These include the following:

• Enacting good workplace safety precautions and other good risk management techniques
• Increasing your deductible
• Doing a good job of maintaining your equipment

Please note that this is not a complete list of actions you can take to lower your vendor insurance policy premium.

Not legally required, but event organizers may require proof of insurance. Many event organizers will require you to have proper vendor insurance.

Product Liability covers harm caused by the product itself, such as a child's toy or a haircare product. CGL covers harm caused during vendor operations. Product liability has some similarities with commercial general liability insurance but covers different circumstances.

For vendors hosting events with alcohol, the chances of an accident increase a lot in situations that involve alcohol. PAL may be required by the venue. Not always mandatory but strongly recommended.

It is very common for vendors to attend a variety of shows, fairs, and exhibits throughout the year, and you will want to ensure you are protected no matter where you go. Luckily, most vendor insurance policies can cover you in many locations on the condition that you let your insurance company know what events you will be attending.  It is also common that the organizer of the event will be required to be added to the policy. This can easily be done by contacting your insurance broker. To find out more details about your coverage, get a vendor insurance quote, or simply ensure that you are covered in each place you plan to go, please contact your Morison Insurance broker.