Those that like to drop into the Farmer’s market in Terrace during the summer months may not have to make the trip much longer. The Salmonberry Trading Company Society has just received endorsement from City Hall that will allow it to help independent vendors to gain the insurance they need to set up a market in Pacific Mariner’s park. We are however still a bit away from making a trek down to Mariner’s to check out the latest wares, the society is now accepting vendors for participation, hoping to attract a large number which would reduce the burden of insurance on the participants.
The Daily News had the details on the Society and its plans in Thursday’s paper.
DREAM OF A MARINERS PARK MARKET STEP NEARER REALITY
Would-be traders will find it easier to get vital insurance
By Leanne Ritchie
The Daily News
Thursday, May 24, 2007
Page three
The Salmonberry Trading Company Society has received the official endorsement it wanted from city hall allowing it to become a way for small vendors to get the insurance they need to operate in Mariner’s Park.
At council last week, the city received a letter from the society, which also sought more recognition of their volunteer efforts.
Edna Ryan of the Salmonberry Trading Co. said the society helps local small business develop by providing an umbrella organization under which vendors can access the $2 million liability insurance they need to operate in the park.
“It is our vision for Mariner’s Park to be a market for tourists and locals. We also hope that community development will occur and trade goods will be produced,” said Ryan.
Council members agreed to ask staff to provide information about the society when people seek business licenses to operate in the park.
“I see this as assisting what we are trying to do down in the park,” said Mayor Herb Pond.
The Salmonberry Trading Company Society came together during the second season of operation for the Northlands Cruise Terminal.
Pond explained that when vendors were approaching insurers for insurance on a one-off basis, insurers were often not able to help.
“And it tends to be expensive – in the neighborhood of $600 to $800 a season, which is considerably more than the city charges for the space,” he said.
The city requires vendors to have insurance because, if there is a lawsuit, it is the city which has the deepest pockets.
“If something goes wrong and there is a suit – and they can be for the most bizarre of things like a wind comes up and grabs somebody’s umbrella and whips it on to a crowd and somebody gets an eye poked out - you can bet the city will be named,” said Pond.
“As is always the case when this sort of thing happens, the city tends to be the last one standing. The little business goes bankrupt and even though we many have almost no role to play in the incident, because of the laws of British Columbia, even if you are one per cent responsible if you are the only one in a position to pay, you pay 100 per cent of the cost.”
So after studying the models of the societies that provide insurance for the Terrance and Prince George Farmer’s Markets, the society was founded.
“They obtain one blanket policy that their members subscribe to for a much lower costs,” said Pond.
The more vendors who join the society, the lower the cost of insurance will end up being.
The contact information about the Salmonberry Trading Co. Society is now available through city hall.
The Daily News had the details on the Society and its plans in Thursday’s paper.
DREAM OF A MARINERS PARK MARKET STEP NEARER REALITY
Would-be traders will find it easier to get vital insurance
By Leanne Ritchie
The Daily News
Thursday, May 24, 2007
Page three
The Salmonberry Trading Company Society has received the official endorsement it wanted from city hall allowing it to become a way for small vendors to get the insurance they need to operate in Mariner’s Park.
At council last week, the city received a letter from the society, which also sought more recognition of their volunteer efforts.
Edna Ryan of the Salmonberry Trading Co. said the society helps local small business develop by providing an umbrella organization under which vendors can access the $2 million liability insurance they need to operate in the park.
“It is our vision for Mariner’s Park to be a market for tourists and locals. We also hope that community development will occur and trade goods will be produced,” said Ryan.
Council members agreed to ask staff to provide information about the society when people seek business licenses to operate in the park.
“I see this as assisting what we are trying to do down in the park,” said Mayor Herb Pond.
The Salmonberry Trading Company Society came together during the second season of operation for the Northlands Cruise Terminal.
Pond explained that when vendors were approaching insurers for insurance on a one-off basis, insurers were often not able to help.
“And it tends to be expensive – in the neighborhood of $600 to $800 a season, which is considerably more than the city charges for the space,” he said.
The city requires vendors to have insurance because, if there is a lawsuit, it is the city which has the deepest pockets.
“If something goes wrong and there is a suit – and they can be for the most bizarre of things like a wind comes up and grabs somebody’s umbrella and whips it on to a crowd and somebody gets an eye poked out - you can bet the city will be named,” said Pond.
“As is always the case when this sort of thing happens, the city tends to be the last one standing. The little business goes bankrupt and even though we many have almost no role to play in the incident, because of the laws of British Columbia, even if you are one per cent responsible if you are the only one in a position to pay, you pay 100 per cent of the cost.”
So after studying the models of the societies that provide insurance for the Terrance and Prince George Farmer’s Markets, the society was founded.
“They obtain one blanket policy that their members subscribe to for a much lower costs,” said Pond.
The more vendors who join the society, the lower the cost of insurance will end up being.
The contact information about the Salmonberry Trading Co. Society is now available through city hall.
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