Insurance law fears
PCYC Tweed Heads market organisers are concerned mandatory insurance will scare off some stall holders when new regulations come in on November 1.
Club manager Mark Madden said new regulations would see people turned away if they could not provide evidence of insurance.
“PCYC New South Wales is phasing in new regulations after claims against the organisation in other parts of the state,” Mr Madden said.
“High-risk goods like electrical goods, food and toys have always required insurance, but now everyone needs it.
He said more than 100 stall holders attended PCYC Tweed Heads markets every Sunday.
“More than half do not have insurance at the moment and only 40 per cent are regulars.”
Mr Madden said regular stall holders would have an extra cost, but his main concern was for the occasional and one-off stall holders.
“It will be difficult to implement and we will have to be a lot more vigilant,” Mr Madden said.
“We will require evidence of insurance to allow people to trade at the markets.”
The weekly markets have been operating for more than 20 years, and Mr Madden said the PCYC Tweed Heads had been in charge of them for about 18 years.
Mr Madden said feedback about the insurance regulations had been concerns about the extra cost.
“It is not a commercial market, and for years it has been trash-and-treasure-style markets, with most stall holders mums and dads,” he said.
“All the markets in the area already have this regulation in place and it is basically putting the responsibility back on the individual.”
Mr Madden said the organisation was now working with a local broker who may be able to cover stall holders for occasional and one-time insurance.
“We have tried to organise insurance through different companies, but no one wants to do it,” he said.
“Hopefully we will know by the end of the week if the local broker can help us out.”
PCYC Tweed Heads markets are held every Sunday at the PCYC Tweed Heads building on the corner of Florence and Adelaide Streets.
Every first and third Sunday of the month the markets are held at Recreation Street Reserve, Tweed Heads across from the PCYC building.
What do you think of the new insurance regulations at the markets? Is the need for insurance getting out of hand? Would this put you off having a stall? Have you say - leave a comment below and vote in the poll.