Hawaii Farmers Market Association has partnered with Campbell Risk Management to provide general commercial liability insurance so that you are protected against physical injury to people or damage to property arising from your daily farmers market operations. Coverage is also available for market vendors.
Coverage Limits
Farmers markets’ insurance limits vary with the amount of risk they are exposed and should consider the number of vendors, shoppers, market days, and other factors. Typical limits for farmers markets are:
Each Occurrence: $ 1,000,000
Damage to Rented Premises (Each occurrence): $ 100,000
Medical Expense Limit (Any one person): $ 5,000
Personal and Advertising Injury: $ 1,000,000
General Aggregate: $ 2,000,000
Products – Completed Operations Aggregate: $ 2,000,000
Additional Optional Coverage
Please check with your insurance agent to make sure you have the right insurance products for your farmers market. Additional coverage you may consider includes:
Host Liquor Liability. This covers the market if licensed/permitted vendors or outside contractors are serving and collecting money for alcohol sales on behalf of the market (including wine and beer sampling).
Retail Liquor Liability. This coverage is necessary when the market itself is dispensing or collecting money directly for alcohol sold (e.g., at a fundraising event).
Special Event Insurance. The basic market insurance policy is designed to cover incidents arising out of regular market activities. If the market holds special events such as an annual auction, fundraising dinner or BBQ Cook-Off, these events can be covered by Special Event Insurance. It tends to be very affordable if you add it to the policy at enrollment time. If you purchase it later in the year or when you have an event, it may be much more expensive.
Directors and Officers Liability Insurance. This insurance is typically a separate policy and covers liability for the board of directors.
Campbell Risk Management
Campbell Risk Management has worked nationally to develop insurance policies for farmers markets and for vendors. They offer insurance through the Hanover Insurance Group that is admitted and A-rated. They have an online application for markets and vendors and have partnered with the national Farmers Market Coalition.
General Liability Insurance premiums are based on estimated annual gross market revenue. This is revenue the market receives from “space rental,” including vendor stall fees, membership fees and direct sales of market promotional items (and excluding grants, sponsorships or donations). Grants received by nonprofits hosting markets (ex. to provide SNAP processing) do not count towards their revenue numbers.
Hawaii premiums start at $275 for markets with gross revenues of $0 to $25,000 and $325 for those with $25,001+ for a $1M policy. For a $2M policy, premiums start at $300 for markets with gross revenues of $0 to $25,000 and $350 for those with $25,001+
Campbell Risk Management requires farmers markets to require that their vendors maintain a commercial general liability policy.
For questions, quotes for specific additional coverage, additional insured certificates or claims information, please contact Larry Spilker at Campbell Risk Management (800) 730-7475 Ext .203 or by email at lspilker@campbellrisk.com.
Additional Insurance Agencies
The HFMA is currently working with member markets to research insurance other agencies in Hawaii that insure farmers markets. More information will be posted when/if we find better options for markets.