It is the time of year where city streets are packed with vendor tents and shoppers. Festival season has finally arrived! We love a good festival as much as the next person. We especially love the unique array of goods you can find at any given event. Festivals like the Lower Town Arts & Music Festival in Paducah, Kentucky are tailored towards the arts while others are tailored for outdoor lovers. You can bet you will find something that catches your eye no matter the location or host.
Participating in a festival or tent event as a vendor can require unique insurance. Some brick and mortar businesses will move outside during an event. Online or home-based businesses might set up booths at events to get more foot traffic. Small businesses might think that their insurance will follow them. Online or home-based business owner’s might not even realize they have a need for insurance. You should always reach out to an independent agent before beginning a business venture. Business owners also need to stay in regular contact with their agent as their method of doing business changes.
Insurance is not a one-size fits all product. The coverage you needed when your business began is most likely not what you need today. If you do business at a vendor event then you need some form of insurance. Your agent will be able to tell you if your current policy includes coverage for vendor events. If your policy does not cover events then it might have an option to add the coverage. You may need to purchase a stand-alone event insurance policy. Keep in mind that liability coverage provided by the policy is just as important as coverage for your products.
Don’t assume your coverage is adequate. Be sure. Reach out to a local independent agent today!