New insurance scheme for Market Traders
Stephen Doyle |
sdoyle@firstireland.ie | Direct Dial 01.8820810 |
Barry Watters |
bwatters@firstireland.ie | Direct Dial 01.8820800 |
We can also offer quotations for Motor/Home Insurance at special discounted rate if you mention our Market Traders Scheme.
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With the increasing number of markets opening around the country we have launched a scheme to offer affordable insurance to market traders.
FAQ
Why do I need insurance?
Most venues, local authorities and market organisers insist that traders operating at their market have their own Public Liability insurance. The venue and organiser generally have their own insurance but this would not extend to protect you, the trader, in the event that an injured party took a claim against you, the venue and the organiser.
Market traders should have Public Liability insurance to protect themselves against claims from members of the public who may suffer injury or sustain damage to their property as a result of you operating as a market trader. A claim against you could arise from something that seems harmless but a small tip or scrape could turn into an expensive claim if solicitors become involved. Even if you are not at fault or to blame, you could still incur costs in defending a claim made against you and this is where you find the value of having a good insurance policy.
What cover should I take out if I have staff or helpers working with me?
Employers Liability insurance is required if you have any helpers or staff (paid or not) working with you. A claim could be made against if a person working for you is injured in the course of this work, e.g. lifting a table or setting up your stall at a market.
I don’t want a 12 month policy. Can I take out cover for a weekend to see if market trading is for me?
Yes, we have a Short Period Public Liability option available and prices start from €55.
Can I trade at other markets or am I restricted to one location?
Policy cover applies anywhere in Ireland & UK so you can trade at other markets and events.
I have some valuable stock and equipment that I want to insure against theft / damage / fire / flood. Is this covered under my home insurance policy?
No, your home insurance would not cover any business stock or equipment as the intention of your home insurance is to cover personal possessions. Equipment & Stock cover can be arranged to provide cover against fire, theft and other damage whilst at your home or business premises. If you have cooking equipment and have a mobile unit, we can arrange damage cover whilst the unit is on site and also in transit.
I want to trade at a market this weekend but need to produce evidence of insurance before I can book a space. How long does it take to arrange cover?
We can arrange cover and have a cover note issued in a matter of minutes. All we need is a brief application form completed by you and payment can then be made by laser or credit card.
The local county council want to be indemnified on my policy as I am trading on council owned land. Will this cost extra?
No, we can provide a specific indemnity to principals at no additional cost and can issue a new cover note with the indemnity noted.
I have been trading for a couple of years and want to arrange my own weekly market in a local hotel car park. I have about 25 traders signed up already. What insurance do I need?
As a market organiser, you would need to have Public Liability insurance to protect you against claims made against you in your capacity as market organiser. The hotel or venue may have their own insurance but it would not extend to protect you if a claim was made against you following an accident, e.g. a visitor to the market trips over the power supply cables that you, as market organiser, had installed the day before the market was due to open. You could also be included in legal proceedings where a member of the public or other trader was injured. A solicitor acting for an injured party would include the venue, the market organiser and trader if they felt there was some shared responsibility for the accident.
You may also need Employers Liability insurance if you have any staff, e.g. market manager to oversee the weekend market or casual staff to assist with clean up after the event or set-up/ break-down of the stalls.
We can also arrange this for you at an affordable cost and by having proper insurance in place; you will have peace of mind to allow you devote your time to making your market a success.
To obtain a quote, please email your contact details & brief message to markettraders@firstireland.ie or call the following staff who will be happy to speak with you:
FAQ
Why do I need insurance?
Most venues, local authorities and market organisers insist that traders operating at their market have their own Public Liability insurance. The venue and organiser generally have their own insurance but this would not extend to protect you, the trader, in the event that an injured party took a claim against you, the venue and the organiser.
Market traders should have Public Liability insurance to protect themselves against claims from members of the public who may suffer injury or sustain damage to their property as a result of you operating as a market trader. A claim against you could arise from something that seems harmless but a small tip or scrape could turn into an expensive claim if solicitors become involved. Even if you are not at fault or to blame, you could still incur costs in defending a claim made against you and this is where you find the value of having a good insurance policy.
What cover should I take out if I have staff or helpers working with me?
Employers Liability insurance is required if you have any helpers or staff (paid or not) working with you. A claim could be made against if a person working for you is injured in the course of this work, e.g. lifting a table or setting up your stall at a market.
I don’t want a 12 month policy. Can I take out cover for a weekend to see if market trading is for me?
Yes, we have a Short Period Public Liability option available and prices start from €55.
Can I trade at other markets or am I restricted to one location?
Policy cover applies anywhere in Ireland & UK so you can trade at other markets and events.
I have some valuable stock and equipment that I want to insure against theft / damage / fire / flood. Is this covered under my home insurance policy?
No, your home insurance would not cover any business stock or equipment as the intention of your home insurance is to cover personal possessions. Equipment & Stock cover can be arranged to provide cover against fire, theft and other damage whilst at your home or business premises. If you have cooking equipment and have a mobile unit, we can arrange damage cover whilst the unit is on site and also in transit.
I want to trade at a market this weekend but need to produce evidence of insurance before I can book a space. How long does it take to arrange cover?
We can arrange cover and have a cover note issued in a matter of minutes. All we need is a brief application form completed by you and payment can then be made by laser or credit card.
The local county council want to be indemnified on my policy as I am trading on council owned land. Will this cost extra?
No, we can provide a specific indemnity to principals at no additional cost and can issue a new cover note with the indemnity noted.
I have been trading for a couple of years and want to arrange my own weekly market in a local hotel car park. I have about 25 traders signed up already. What insurance do I need?
As a market organiser, you would need to have Public Liability insurance to protect you against claims made against you in your capacity as market organiser. The hotel or venue may have their own insurance but it would not extend to protect you if a claim was made against you following an accident, e.g. a visitor to the market trips over the power supply cables that you, as market organiser, had installed the day before the market was due to open. You could also be included in legal proceedings where a member of the public or other trader was injured. A solicitor acting for an injured party would include the venue, the market organiser and trader if they felt there was some shared responsibility for the accident.
You may also need Employers Liability insurance if you have any staff, e.g. market manager to oversee the weekend market or casual staff to assist with clean up after the event or set-up/ break-down of the stalls.
We can also arrange this for you at an affordable cost and by having proper insurance in place; you will have peace of mind to allow you devote your time to making your market a success.
To obtain a quote, please email your contact details & brief message to markettraders@firstireland.ie or call the following staff who will be happy to speak with you:
