Why You Should Protect Your Food Business With Liability Insurance
By the Food Liability,
posted August 13, 2014
Why You Should Protect Your Food Business With Liability Insurance the Food Liability Insurance Program writing team at fliprogram.com
Shows, festivals, and fairs provide an ideal opportunity for food businesses to establish themselves in their community. As insurance experts who work with various food vendors, we understand how important it is that they have this opportunity, and we also understand how important it is to have liability insurance.
Liability insurance provides protection to the purchaser in the event that they are determined responsible for damages to a third-party's property or a third-party's person. Food businesses are particularly vulnerable to these kinds of damage.
Here's what could happen if your business doesn't have liability insurance:
1. Without liability insurance, you won't be able to set up your food vending services at events.
Whether it's because of local regulations or a precaution the event managers are taking, liability insurance is often a requirement for selling at events.
It's also important to know that events may also (and often do) require an insurance policy that covers not just the vendor and their business, but also the event's name and location. This kind of requirement is what's called listing the event as an additional insured. Having an additional insured on a policy simply means that the policy extends to the listed person or organization.