Colorado Farmers Market Association Insurance Program FAQ’s
Q: What does the General Liability insurance policy cover?
A: Our insurance broker offers a General Liability policy for CFMA member farmers markets. This policy covers bodily injury and property damage to a third party (such as customers, vendors, and property owners) for which the market is negligent. Markets are covered for product liability only for products sold or given away by the market itself.
The policy does not cover individual vendors – it is the responsibility of each vendor to obtain their own property and liability insurance. The policy does not cover board liability – it is the responsibility of each market to obtain their own board liability insurance. Our insurance broker offers a Farmers Market Vendor Liability program and a Nonprofit Directors’ and Officers’ Insurance policy.
See the Insurance Application page for links to all insurance applications
Q: What are the General Liability insurance policy limits?
A: Market liability insurance provides $1,000,000 general liability per occurrence with a $2,000,000 annual aggregate limit for your market location. The cost of the policy starts at $275 per year and may vary by number of locations and market revenues. Premiums are paid annually and once coverage is extended, the premium is fully earned and non-refundable. By filling out and submitting the application, you have read and agree to the terms.
Q: Who can be included as an Additional Insured?
A: The policy has a blanket additional insured endorsement built in, which includes coverage to the owner or manager of the property on which the market is located. There is no additional charge and no limit on the number of certificates for Additional Insureds.
Q: Does the CFMA insurance policy cover Christmas markets and other special events?
A: As long as the Christmas market or other special market consists of only market – type operations and shares common ownership with the summer market, it can be included as a covered market. Special events outside of the normal market – type operations (such as fundraisers or car shows) must be insured on a separate special event policy.
Q: How does a market request certificates for Additional Insureds, add coverage for a new market, or request changes to certificates that have been issued?
A: Click on Insurance Certificate Request Form here or at the top of this page to request a certificate for Additional Insured.
Q: How does a market report a claim?
A: The market manager should complete the Market Claim Report directly with our insurance broker.
Q: How long does it take to process my insurance application?
A: Please allow up to 5 days to process your membership application. You will then receive a password for completing your insurance application.
Q: What about vendor insurance?
A: Our insurance broker also offers a Farmers Market Vendor Liability Insurance Program that provides $1,000,000 per occurrence in general and product liability coverage with no deductible and a $2,000,000 annual aggregate limit. The program extends coverage to all markets that the vendor participates in, so long as each market is disclosed on the insurance application form.
The vendor liability program covers farmers and vendors only at farmers markets and not roadside stands where the space is not leased to the vendor for the purpose of selling their goods. The cost of the policy starts at $275 per year depending on the types of products sold and estimated annual gross sales. Premiums are paid annually and once coverage is extended, the premium is fully earned and non-refundable.
Products covered include anything seen in the normal scope of a farmers market. Whole foods, processed foods, gift baskets and crafts are just a few examples of the types of products covered provided that the vendor follows all applicable federal, state, and local permitting procedures. Examples of items not covered would be alcohol and fireworks.
Q: How does a vendor apply for insurance?
A: First complete an application for CFMA here . You will then receive a password for completing an insurance application.