Vendor Insurance: Why It’s Crucial for Vendors to PurchaseAmy Corradino
Vendors are always in close contact with the general public. This along with attending any big event creates a big risk for not only you but the event center as well. It’s important to protect yourself and your products by purchasing vendor insurance. We’ve listed a few reasons below why vendor insurance from Eventsured is important for any vendor to purchase.
What is Vendor Insurance?
Vendor insurance is liability protection for concessionaires, exhibitors, and vendors. As a vendor at an event, you need to make sure you are covered if something goes wrong. This coverage protects you against any claims and lawsuits that can result from your participation in a public event. Even if your business is not technically selling something you will still need vendor insurance to participate in the event. This is because just being present at an event, selling products or not, can create a liability risk for the event center. Since individual vendors are responsible for their own policy it can be overwhelming, but we can provide insurance that is typically required by any event venue.
Why Should You Purchase It?
Besides the fact that most event venues require vendor insurance, there are many scenarios in which this insurance saves you from having to deal with costly situations. To give you an idea of what could go wrong at events and why having coverage is important we have listed a few situations below:
- Vendor at a flea market gets injured while setting up their booth
- DJ damages flooring while bringing in their equipment
- Photographer isn’t paying attention while taking pictures and knocks over something at the venue
- Exhibitor at a trade show hangs a banner up on a wall and damages the wall or destroys the paint on the wall
- Band member falls and gets injured at a wedding
The list can continue as there are many different scenarios that can go wrong at big events. Vendors face a lot of risks. That’s why vendor insurance is so important because it provides protection for not only you but the venue as well.
What Event Types Require Vendor Insurance?
Being a vendor at a big event is a huge deal for any business owner. It means new eyes to see your products and the space to increase your sales. There are many events that offer great exposure for your brand, and you don’t want your lack of vendor insurance to be the only thing stopping you from making your next big sale. Here are a few examples of event types that normally require their vendors to be insured:
- Trade shows
- Fairs and festivals
- Temporary exhibits
- Flea markets
- Food vendors (non-alcoholic)
- Craft vendors
- Farmers Markets
- Weddings (DJ/Bands)
These examples and so many more event types can benefit from vendor insurance. In fact, most promoters and event centers require their vendors to have coverage and many ask to be named as an “additional insured” on the policy. That way, both you and the venue are covered and you can relax at the event.
How Do You Obtain Coverage?
This is the easy part. Now that you’re familiar with all of the reasons why you need to get a vendor here is how you can easily purchase it. At Eventsured we make it easy and affordable to ensure your next event by providing you with the most cost-effective vendor liability insurance available. You can purchase coverage within minutes, just click here get a quote for free and buy online in a matter of minutes.