These coverage options can protect you, your employees and your business.
It protects the physical assets of your flower shop. It covers loss or damages to the physical store as well as the contents inside your store. If a storm tears off the roof of your store and destroys most of your inventory, a business owners policy (BOP) will cover those losses.
Whether you own, rent, or lease property to store your flowers, vases, or inventory or have a workspace to construct your arrangements, then you’ll need to consider property insurance. Mortgage lenders and even commercial lease agents require property insurance.
Business auto insurance protects your company vehicles from accident damage, theft, vandalism and other problems. It will take care of related emergency medical expenses for anyone involved in the accident, and protect you against uninsured motorists.
If you have employees in your retail flower shop you must also have workers comp insurance. Workers compensation insurance protects the flower shop business owner since employees give up the right to sue the employer.
Does your floral shop sell products to customers, such as vases, floral nutrients, or spa baskets? If so you’ll need product liability coverage to protect you and your floral business from liability claims for defective products, including the defense costs associated with such claims.
This type of coverage provides income replacement if you're unable to fill orders and keep your business running due to a covered loss. It may also help to reimburse you for worker salaries during a business outage.
This coverage helps protect your company from lawsuits by employees and former employees. The types of claims that fall under this coverage may range from sexual harassment to wrongful termination.
If you store customer payment information or employees' personal details on your business computer, in addition to creating a written identity theft protection program for your business, as the Society of American Florists (SAF) recommends, this coverage may offer crucial protection in case of a data loss.
Suppose a customer claims you ruined his expensive wedding by delivering the wrong floral order. According to the Small Business Administration, professional liability coverage, also known as "errors and omissions" insurance, may help protect your business in similar cases.
As a professional florist, you have specialized business insurance needs that differ from other small businesses. You face risks such as the safety of customers visiting your shop, weather-related mishaps that might delay or damage important orders, damage or theft of your business vehicles, and other challenges.
You will not be paying for coverage you do not need or subsidizing shops with higher risks of damage or theft. Because Flower shop insurance is a new, unique policy, rather than a standard shop insurance. The rates you will be paying should be much lower.
Running a flower shop without insurance is taking a mighty huge risk. Our broad, tailored coverage options and enhancements are based on our deep knowledge and experience in the florist insurances, and specifically designed to meet the needs of our customers.
At Business Insurance Agency, we will take the time to get to know your business and assess the risks involved in your business, and can assist you with the right coverage options you need at an affordable price.
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