I do part-time work at street fairs and festivals, and one of the festival managers said that I needed to get insurance for the event. He said all I had to do is call my insurance agent (I own a co-op home, and I have homeowner's insurance) and ask for a Certificate of Insurance that would list the village. show more I do part-time work at street fairs and festivals, and one of the festival managers said that I needed to get insurance for the event.
He said all I had to do is call my insurance agent (I own a co-op home, and I have homeowner's insurance) and ask for a Certificate of Insurance that would list the village of [insert name of town here] on a rider for the particular dates of the festival.
Best Answer: First of all your homeowners insurance company/agent will not issue a Certificate of Insurance providing coverage for you for this event because this is a business exposure and as such your homeowners policy will not extend the liability protection offered under your policy to this money making venture.
You will need to purchase a Commercial General Liability Policy. This can be purchased for a one day event or if you participate in a number of these as you have indicated, you can purchase a one year policy--the policy can range from a low of $350 to about $700 depending on exactly what you do. You should make sure that the policy includes Products Liability
if you are selling any type of food or product such as jewelry, arts and crafts, etc. Certificates of Insurance naming a festival or venue as Certificate Holder are issued for free under the policy (this is just proof of insurance issued with specific wording). However, if the festival or venue requests that they be added as Additional Insured onto your policy (this will provide the festival or venue with legal defense and coverage under your policy in the event of a claim), many insurance companies will charge anywhere from $10 to $100 for each Additional Insured.
Unfortunately this requirement is becoming common practice primarily as a result of our very litigious society.
If you have your homeowners insurance through an independent agent, you should check with them first to see if they can assist you with this. If your agent cannot assist you with this, you can find a local independent agent by entering your city, state and zip code into this website: http://www.iiaba.net/agentlocator/findag. This website belongs to the Independent Insurance Agents of America--they will not keep your information or use it in any way. You will be able to pull up all the agents in your community, check out their websites, see what companies they represent (most independent agents represent multiple companies) and choose an agent that is right for you and your business.
I hope this information helps. Good Luck
Source(s): Certified Insurance Counselor, Licensed Insurance Agent & Broker for over 29 years.
Margarita D · 5 years ago