|5. What are my legal
Most markets will insist on you having public
liability insurance to cover you in case of any accidents/injuries to the
public whilst you are trading. You will normally need to get cover for
upto ?5million pounds which will cost between ?50 and ?80 per year.
The good news is that this can generally be used at any market you attend
but please check with your insurer first !
You must adhere to all relevent legislation, as a market trader you have the
same legal obligations as a shop so goods must be fit for the purpose for what
they are sold, correctly described and correctly labelled. If you are
selling food then there will be certain Health and Hygiene regulations you must
follow. Always contact your local council if you are not sure of what you
need to do and they will happily advise you.
As a market trader you will generally be self employed so you must file tax
returns and pay national insurance. This can be time consuming and it
might be worth using a book keeper or accountant to do this for you.