How do I get product liability insurance?
I want to participate as a vendor in our local farmer's market, and they require $500,000 product liability insurance. The organizer told me that some people add it to their homeowner's policy. I do not have or need homeowners as I am not a homeowner. I only have auto insurance with Progressive, and somehow I doubt Progressive would have this type of insurance or be able to help me. Where do I go from here? I'm lost!
I looked around online, but companies were asking for a whole business record, sales records and such, which I do not have as a first-timer, AND my sales wouldn't be expected to be much, an average for this farmer's market is from $3-8,ooo, so it's not like it's a huge money maker.
I also wonder what might happen, being that there is apparently a need for the insurance. Is it for lawsuits or injury? I don't see how unmodified produce needs insurance, I realize they require it and that's the rules, I am asking because I want to know what to expect-should I expect some kind of lawsuit or that I'd harm someone somehow? I could see it's purpose with cooked, prepared or canned items and such but how can I harm someone with fresh, untouched produce? I'm just trying to get the reason behind the insurance and what ramifications I may encounter from selling produce. Can you shed some light? Thanks!