At Paper Daisy Events our event policy is that all stallholders obtain public liability insurance. So we thought we would put together a quick guide on where you can find reasonably priced insurance, for all of your events throughout the year.
You may be wondering why you need Public Liability Insurance...
Public liability insurance is essential if you're serious about your business. It covers you against the cost of legal action, and compensation claims made against your business, if a third party is injured or their property damaged in any way. So, even if you don't consider yourself a business, if you sell at any type of event you should get yourself covered just to be safe. Most providers will come with product insurance as well, which is essential if you really want to protect yourself and your business from any claims.
Do you need it annually or per event?
We would recommend you get an annual policy because if you ever want to participate in another event throughout the year then you won't need to worry about insurance! Most other fairs and events will also require you to have public liability insurance so it will work out much cheaper in the long term if you're planning on doing several events.
However, if you're new to events and just starting out, or testing a new business venture and may not participate in any more fairs for the year then of course one day cover could be the perfect solution.
How much cover should you get?
Again, we would advise up to £5m as this is the standard amount that venues we work with ask for. But ring the insurance provider directly as they can advise you based on your business activities.
Where can I purchase Public Liability Insurance for a craft event?
Two providers we've found that are reasonably priced, and with added perks are, "The Artists Network" and "Events Insurance".
The added perks are with The Artists Network!
As the insurance is included in your Artists Network membership you get all the benefits of using the network, plus Public Liability Insurance to cover you at all of your events for the year. Find out more about their benefits.
If you don't consider yourself an artist, you may still be eligible! Its not just for "artists", many type of businesses can apply through this. If you're still unsure, we would advise you to contact them directly. Alternatively, you can find Public Liability Insurance from websites such as Money Supermarket.
It's always a good idea to get several quotes when buying insurance, and it's best to ring them up directly, checking your cover and seeing if they can do you a better deal. Don't always take the best deal you find online, we've found that ringing up gets you a better deal!
We hope you find this guide useful and do let us know in the comments if you have any other tips or advice.
Meet some of our Paper Daisy traders in our online database: Meet The Traders