Liability Insurance

Due to increasing popularity of direct sales to the consumer from the farmers market on the farm and on the roadside stands increasing the risk for slip and fall accidents, encounters with pets, and other potential injuries associated with consumer puchasing goods directly from the vendors. Liablily insurance should be the part of every direct market business to help to reduce every possible legal and financial burdens that may arise from injury or other claim brought agaist your business. Liability insurance for farmers markets and for vendors is so important because :

• Tranfers risk of the most common claims and lawsuits to an liability insurer
• Protect businesses from property owners, customers and political claimants.
• Helps businesses to focus on risk management , food safety and good operating practice.
• Serves as a cotractual requirements to operate in the market.

Liability Insurance can be obtain from a variety of source and may provide coverage for many aspect of a business, including property and people. It is important to know what and who your insurance covers. Products and markets are both responsible for carrying insurance policy but each policy may not cover both entities.

Types of Liability Insurace Policy:

• Premises liability insurance
• Employer liability insurance
• Property damage liability insurance
• Product liability insurance
• Inland Marine
• Rain Insurance
• Liquor liability insurance
• Directors and officers insurance
• Event insurance

Home Insurance

Home Insurance Policy provides coverage for damage or destruction of the policy holder's home. In some geographical area, the Home Insurance Policy may exclude certain type of risks, such as flood or earthquake that requires additional coverage. Maintenance related issue are typically the home owner's responsibly. The Home Insurance Policy may include inventory, or this can be bought as a separate policy, especially for the people who rent house. In some countries, insurer offers a package which may include liability and legal responsibility for injuries and property damage caused by member of the house hold, including pets.

Currently the ISO has Seven standardized homeowner insurance forms in general use:

1. HO1-Basic Form Home Owner Policy
2. HO2-Broad Form Home Owner Policy
3. HO3-Special Form Home Owner Policy
4. HO4-Renter's Insurance
5. HO5-Premier Home Owner Policy
6. HO6-Condo minimum Policy
7. HO7- Older House

Auto Insurance

In this type of insurance auto insurance provide cover to the auto insurance policy holder against financial loss in the event of an accident, involving a vehicle that they own such as a traffic accident or collision.

An Auto insurance coverage typically includes:

1. Property coverage, for damage to or theft of a vehicle

2. Liability coverage, bodily injuries and damages or the property.

3. Medical Coverage, for the legal responsibility to others injuries, rehabilitates and some time wages losses and funereal expenses .

Most countries such as United Kingdom require driver to buy some, but not all, for these coverages. When a car is used as a collateral for a loan than lender usually requires a specific coverage from this Auto insurance policy.