Pop-up tenants are generally required to hold public liability insurance to cover potential liabilities to third parties for personal injury or damage to property. This type of insurance does not usually cover employees or volunteers.
Other common insurances temporary tenants may consider taking out will depend on the activities being undertaken. For example:
- selling products – if you are selling products you may need to consider product liability insurance to cover damage to people or property as a result of faulty products
- providing services or advice – for temporary tenants that provide services or advice involving the use of some special skill or ability, professional indemnity insurance provides cover for loss that may be sustained as a result of that advice
- employing staff – if you are employing staff at your temporary premises, all employers must have workers’ compensation insurance.
Other insurances to consider may include contents insurance and window insurance.
Find out what kind of insurances are already in place by the property owner. The property owner often has building insurance and window insurance and may suggest that you pay a fee towards these insurances. Otherwise, you may need to get your own insurance to cover these items. You also need to decide whether you want to take out contents insurance.
Some insurers now offer specific insurance policies for pop-up shops to provide a combination of the insurances that you need.