Vendor Insurance 

All vendors must have a certificate of insurance (COI) on file with BAMM to be permitted to vend. Insurance can be purchased from companies such as Campbell Risk Management, for $285 per year, or added to most existing insurance policies.

Tip: If you're purchasing insurance for the first time, you can cover the cost by increasing the price of your products using this formula:
cost of insurance / number of markets / items sold per market = price increase
For example:
$285 / 20 markets / 15 item sales per market = $0.95 price increase to cover the cost of insurance.

Your COI(s) MUST be uploaded to your acceptance form, which will be sent prior to the start of the season. COIs that are sent by email or postal mail WILL NOT BE ACCEPTED.

The requirements of the COI can be found in the sample COI image below, and include:

• INSURED: Your name or the name of YOUR BUSINESS, matching your vendor application

• POLICY EXP: The policy must be valid at the time of submission, and updated prior to expiration

• LIMITS/OCCURANCE: The policy must include AT LEAST $1 million per incident

• LIMITS/AGGREGATE: The policy must include AT LEAST $2 million aggregate

• LIMITS/PRODUCTS: The policy cannot exclude products

• DESCRIPTION OF OPERATIONS: Must list the provided addresses as additional insured or contain a blanket additional insured endorsement.

• CERTIFICATE HOLDER: Must be included EXACTLY as instructed prior to being accepted

Our provider says: "It is mandatory that markets require their vendors to maintain a commercial general liability policy that does not exclude products - completed operations coverage. Policy limit should be a minimum of 1 million per occurrence with a 2 million aggregate limit. Each vendor policy needs to list the market as an additional insured or contain a blanket additional insured endorsement and provide the market with a certificate of insurance confirming coverage."