More about Market Stall Holders Insurance
Marketstall insurance is important, as it protects you against claims of injury to third parties, or damage to third party property, incurred whilst visiting your stall.
We all know that markets are busy places and every now & then, accidents happen. Whether it was your fault or not, if a person hurts themselves and/or damages their property and they insist the incident happened at your stall, a claim can be made against you.
Years ago, the problem would have been discussed and depending on the severity of the problem, an amicable solution would have been agreed between you and the claimant. However, these days, people are more litigious and with the growth of the Internet, it is just as easy for a person to make a claim for damages than it is to discuss a solution.
This is when your Marketstall insurance steps in. It will respond to any claim or allegation on your behalf and should the matter move ahead to litigation, they would handle the matter on your behalf. In most cases, the costs alone in defending yourself are high, irrespective of whether you are found to be at fault or not.
In reality, the costs involved in buying the cover are minimal compared to the possible money you will need to pay out if a claim or incident occurs at or around your stall and you have no liability insurance in place.