market-farming AT lists.ibiblio.org
Subject: Market Farming
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- From: "Kathryn Kerby" <kakerby AT aol.com>
- To: "'Market Farming'" <market-farming AT lists.ibiblio.org>
- Subject: Re: [Market-farming] how much insurance?
- Date: Mon, 28 Apr 2014 06:05:59 -0700
Thanks all for the responses. The
$2m per occurrence seemed a little high but it was listing the venue as being
insured which threw me. I hadn’t seen that one before. Now
that I know that practice is common, I’m not so concerned about it being
odd. I’ll see what my broker has to say about the cost of the
additional coverage and go from there. As usual, it’s been great
having this list as a resource. Thanks again. Kathryn Kerby Frogchorusfarm.com From:
market-farming-bounces AT lists.ibiblio.org
[mailto:market-farming-bounces AT lists.ibiblio.org] On Behalf Of Beth Spaugh Naming venues and markets as additionally
insured is common. Beth Spaugh http://rhomestead.com
http://www.facebook.com/rhomestead "How we eat determines, to a considerable extent, how the
world is used." - Wendell Berry "Without power over our food, any notion of democracy is
empty." - Frances Moore Lappe It's not that nice guys finish last. They have a whole different
notion where the finish line is. - unknown From:
market-farming-bounces AT lists.ibiblio.org
[mailto:market-farming-bounces AT lists.ibiblio.org] On Behalf Of Sue Wells My insurance is
$1,000,000 per occurrence, and $2,000,000 for general aggragate,
products-comp/op agg. And the city is added as an additional insured.
(Which is $50 extra). I have had this for
many years. For the first time, my other Market has required insurance this
year. Sue From:
market-farming-bounces AT lists.ibiblio.org
[mailto:market-farming-bounces AT lists.ibiblio.org] On Behalf Of Kathryn Kerby We were getting ready to attend an orientation next week on
a new farm product sales venue opening up near us. It’s not a
farmers’ market per se, but one of those new food hubs that are starting
to sprout up. We worked with them a few years ago when they were under
different management, which went smoothly We were getting ready to do so
again this year, until we heard they were going through a reorganization.
Hmm. So we got the info packet to see what had changed in the reorganization.
Amongst other things, they have a new list of “qualification
criteria”, and one of those items was liability coverage for farm
products. No problem, we’ve got it and we’ve had it for
years. But then I read the fine print – we need $2 million per
occurrence, AND we need to add that venue as an additional insured on our
policy. Excuse me? So now I’m wondering if I’m just not seeing a
true representative sampling of the range of requirements, or if this new venue
is perhaps setting a high bar in anticipation of what’s to come down the
pike in the near future, or maybe they’re just really out of touch with
what everyone else is doing. Frankly, I’m not sure we’ll
bother at this point with that new venue. There are some other hoops they
want us to jump through which I remember thinking “well, hmm,
that’s a little odd but OK…….” But if this
additional insurance is going to really boost our yearly premiums, I’m
going to have to think long and hard about whether it’s worth it.
So I’m very interested in what other folks are seeing in their markets
and/or other marketing venues, in terms of required insurance and at what
levels. Thanks all…….. Kathryn Kerby Frogchorusfarm.com |
-
[Market-farming] how much insurance?,
Kathryn Kerby, 04/27/2014
-
Re: [Market-farming] how much insurance?,
Sue Wells, 04/27/2014
- Re: [Market-farming] how much insurance?, idyllwild farm, 04/27/2014
-
Re: [Market-farming] how much insurance?,
Beth Spaugh, 04/27/2014
- Re: [Market-farming] how much insurance?, Kathryn Kerby, 04/28/2014
-
Re: [Market-farming] how much insurance?,
Sue Wells, 04/27/2014
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