Beekeeper Insurance New York Policy Information
Beekeeper Insurance New York. Plenty of people keep bees to produce enough honey for their family or simply as a hobby - but commercial beekeepers will keep numerous hives, which have the potential to bring profit in a variety of different ways.
Beekeepers or apiarists collect bees' honey and other products such as pollen, beeswax, and royal jelly, place hives to pollinate crops, and/or to produce bees for sale to other beekeepers.
Bees live in hives that have traditionally been constructed of wood but are now available in polystyrene. Hives have removable covers and frames in which bees build honeycomb, allowing the beekeeper to inspect the hive for signs of disease (such as Colony Collapse Disorder) or parasites, an aging queen which means imminent swarming, or other conditions that require intervention.
The removable frames permit easy harvesting of honey and other products. Frames may be hung as an aid in pollination. The beekeeper may sell all its honey to manufacturers or may process all or some for retail sale.
If you are a commercial beekeeper, you will be thrilled to make your living by doing something you love - but nonetheless, you and your business are also exposed to some very real threats that could jeopardize your future plans.
Why is beekeeper insurance New York so important in safeguarding your apiarist business, and what kinds of coverage are needed? For more information, keep reading.
Beekeeper insurance New York protects apiarist businesses from lawsuits with rates as low as $37/mo. Get a fast quote and your certificate of insurance now.
Why Do New York Beekeepers Need Insurance?
Commercial beekeepers need to arm themselves with top-notch insurance for multiple reasons. Those who want to participate in sales fairs will need insurance, as do those who are planning on applying for a business loan.
The most compelling reason to carefully evaluate your insurance options is even simpler, though - as a beekeeper, you could face perils that endanger your business at any time, and carrying the right insurance is your best line of defense.
The beekeeper and anyone else who may be on the premises may suffer a variety of injuries over the course of beekeeping, ranging from bee stings to back injuries from the improper lifting of hives and burns while using smokers.
Your hives, beekeeping equipment, and inventory could suffer heavy losses or become completely destroyed as a result of acts of nature, like wildfires or serious floods. Theft and vandalism are two further threats, and if visitors to your premises, such as potential customers or vendors, are injured by your bees, they may decide to file a lawsuit.
In arming yourself with carefully-selected coverage, you prepare yourself for minor mishaps and major perils alike, thereby giving you peace of mind - when you know that you have done everything in your power to protect your colonies and your business, you can focus on what you do best.
Although this brief guide is aimed at commercial apiarists, it is also important for hobbyist beekeepers to realize that they, too, may require specialized beekeeper insurance New York, as their homeowners' insurance may not cover their hives.
What Type Of Insurance Do NY Beekeepers Need?
Beekeeping businesses may be small or larger, and the exact nature of their activities also varies. Because of this, beekeepers will have diverse insurance needs. Your NY location, the value of your equipment, the types of services you provide or the products you sell, and whether you have any employees, are all factors that help determine what types of coverage best suits your needs.
As a commercial apiarist, you will want to consult a commercial insurance broker to help you craft the right beekeeper insurance New York plan. With that in mind, all commercial beekeepers should consider:
- Commercial Property: Commercial property insurance does not only cover office buildings and factories; your hives and beekeeping equipment, as an outdoor property, can also be covered. In case of perils such as fire, theft, and vandalism, the loss you incur will be compensated.
- General Liability: This form of beekeeper insurance New York covers the legal costs that follow personal injury or property damage claims, for instance if a customer is stung and experiences an anaphylactic reaction. If you sell products, as opposed to services like beekeeping classes or pollination, you will also require product liability insurance to protect you in the event that a customer claims your product caused them harm.
- Business Auto: Whether you transport your hives for pollination services or take your honey to sell at a local market, beekeepers almost certainly use professional vehicles. These are not covered by personal auto insurance, so you will require commercial auto coverage.
- Workers Compensation: Beekeepers who employ workers will need workers comp to cover the cost of workplace injuries.
- Disability And Life:Especially as a "solopreneur", you will want to protect yourself in case your beekeeping activities, or any unrelated mishap, causes you to be unable to continue working. Life insurance will, meanwhile, help your loved ones avoid financial hardship if the worst were to happen.
Beekeepers should be aware that their insurance needs are heavily influenced by their individual business model. They may not need all these kinds of coverage, while requiring other types of beekeeper insurance New York. To find out more, speak to a commercial insurance broker.
NY Beekeeper's Risks & Exposures
Premises liability exposures are moderate as visitors may be stung by bees. Emergency medication should be available to treat allergic reactions. Apiaries are often visited by school-age children, other tour groups, and customers who can trip and fall on uneven walking surfaces or housekeeping hazards.
Visitors should be accompanied by an employee. All exits should be adequately marked. Bee droppings can cause damage to the paint on automobiles or equipment that is stored in the open under a significant bee flight pattern.
Hives may pose an attractive nuisance to children and teens. Appropriate precautions should be taken to prevent unauthorized access.
Products liability exposures are moderate due to the potential for contamination of honey, honeycomb, and royal jelly and, if raising bees, the passage of disease to a healthy hive. Effective procedures are required to ensure that stock remains healthy. There should be an effective working recall program that can be activated immediately.
Workers compensation exposures are moderate due to the interaction with bees that can sting employees. Protective clothing should be used, particularly to protect the face and neck. Emergency medication should be available to treat allergic reaction to stings.
Workers may be seasonal, speak another language, and lack adequate training and supervision. Slips, trips, falls, back injuries from lifting, foreign object in the eye, and muscle strains are common. Exposure to smoke can lead to respiratory issues.
Property exposures are light as hives are inexpensive. Beekeeping does not require a lot of equipment unless the beekeeper processes honey and honey comb for retail sale. Severe winds and tornados may destroy property in certain geographical areas. Fuel used in smokers may start a fire if it encounters combustibles.
Crime exposures are from employee dishonesty and theft but are relatively minor if there are no retail or delivery operations. Pre-employment checks should be conducted for employees. Inventory controls should be in place. All ordering, billing and disbursements should be separated.
A money and securities exposure exists if there are retail operations on premises or if products are delivered to customers. Some operations equip the hives with a Global Positioning System (GPS) to aid in recovering the hive in the event of a theft.
Inland marine exposures may include accounts receivable if the beekeeper bills customers, computers, goods in transit, and valuable papers and records for documents needed to substantiate FDA requirements and product information that may be needed in case of a recall.
Goods in transit may be condemned as unfit for consumption in the event of collision or overturn. Overturn of vehicles transporting bees can cause significant losses.
Commercial auto exposures may be limited to hired and non-owned if carriers or processors transport products to processing centers. If the beekeeper transports its own stock, the exposure increases. Drivers must be appropriately licensed and have acceptable MVRs.
Vehicles must be well maintained with records kept. Overturn of vehicles transporting hives can cause considerable damage when the bees swarm and the colony moves to a location within a nearby building.
Beekeeper Insurance New York - The Bottom Line
To protect your apiarist business - having the right beekeeper insurance New York coverage is essential. To learn what types of options are available, how much coverage you should invest in and the premium - speak to a reputable commercial insurance broker.
New York Economic Data And Commercial Insurance Requirements
The State of New York is famed for industry, particularly Manhattan and the surrounding areas. As such, it's no wonder why so many entrepreneurs look to do business in this state.
If you are thinking about starting up a business in NY, it's important for you to have an understanding of the status of the state, regarding its economy. It's also important to know about the insurance requirements for business owners in the Empire state.
Below, we offer a brief overview of New York's economic status, as well as the types of insurance policies business owners are legally required to carry, and policies that they should consider investing in.
The Economic Status Of New York State
While the economy is growing in the State of New York, it is lagging behind other states, in terms of growth. Overall, more jobs have been added in this state in recent years. In 2018, it is expected that this trend in job growth will continue; however, it will likely be at a slower pace than previous years.
If you are thinking about doing business in the Empire State, one of the best industries to consider is finance. It is predicted that this sector will contribute largely to the economy in 2022, as well as in the coming years. Healthcare services and education are also expected to see growth, as are the transportation industry, and professional and business services.
Insurance Requirements For Business Owners In NY
The New York State Department of Financial Services regulates insurance in the Empire State. Organizations that employ a staff of part-time or full-time workers that are either hourly or salaried are required to carry workers' compensation insurance. This type of insurance is required, no matter what size your staff is; even if it only consists of one W2 salaried person. You must also carry NY commercial auto insurance if you are using a vehicle to conduct any business affairs.
While there are no mandates surrounding commercial liability insurance, business owners in New York would be wise to invest in this type of coverage. Should a client or a contractor sue you for an accident or injury that happens at your place of work, or if a client claims you damaged his or her property, commercial liability insurance will protect you from having to pay the cost of legal fees and any settlements that may be awarded out of your own pocket.
Additional Resources For Agribusiness Insurance
Learn about small business agribusiness insurance - a type of commercial insurance protects farmers against loss of, or damage to crops or livestock.
- Insurance Farming Terms Glossary
- Aquaculture Fish Farm
- Commercial Fishermen
- Dairy Farm
- Equine & Horse Farm
- Farm And Ranch
- Farm Equipment Dealers
- Farm Labor Contractors
- Livestock & Cattle
- Mushroom Farms
- Nursery And Greenhouse
- Nut Farm
- Orchards & Groves
- Poultry Farm
- Sheep & Goat Farm
- Swine, Hog & Pig Farm
- Tobacco Farm
- What Are Farm And Ranch Insurance Endorsements?
Farming is, and has always been a tough business. There are many uncontrollable factors for farmers to deal with - like the weather, vermin, or other natural catastrophes. Any of these can destroy cash crops, such as corn, cotton, soybeans, and wheat, and put the farmer in a very bad financial situation.
Insurance for agribusiness falls into three general categories:
The first is property insurance on the buildings and the usually substantial amount of business personal property made up of machinery, livestock, equipment and other stock.
The second is liability for both premises and products.
The last is protection for worker injuries. Commercial auto insurance should be written if the operation owns vehicles and especially if it transports its own products.
There are a wide variety of agribusiness insurance options that are available to farmers. These policies allow them to to receive compensation in the event of a poor growing season, dropping prices, cattle disease or catastrophic natural event.
Loss of crops or livestock can financially ruin an agribusiness operation. The crop insurance agrees to indemnify the farmer, rancher or grower against losses which occur during the crop year. Losses have to be caused by things which are unavoidable or beyond the farmer's control - like a drought, freeze and/or disease.
Some policies offer coverage due to adverse weather events such as the inability to plant due to excess moisture or losses due to the quality of the crop.
Minimum recommended small business insurance coverage: Buildings, Business Personal Property, Crop Insurance, Employee Dishonesty, Accounts Receivable, Computers, Goods in Transit, Mobile Equipment, Valuable Papers and Records, General Liability, Environmental Impairment, Umbrella, Business Automobile Liability and Physical Damage, Hired and Non-owned Auto & Workers Compensation.
Other commercial insurance policies to consider: Business Income and Extra Expense, Earthquake, Equipment Breakdown, Farm Owners, Flood, Computer Fraud, Employee Dishonesty, Forgery, Money and Securities, Cyber Liability, Employee Benefits, Employment-related Practices Liability, Product Recall, Underground Storage Tank, Stop Gap Liability and Unmanned Aerial Vehicles (UAV) (Drones).
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Borough Park, Bronx Park and Fordham, Brooklyn, Bushwick and Williamsburg, Canarsie and Flatlands, Central Brooklyn, Central Harlem, Central Queens, Chelsea and Clinton, East Harlem, East New York and New Lots, Flatbush, Gramercy Park and Murray Hill, Greenpoint, Greenwich Village and Soho, High Bridge and Morrisania, Hunts Point and Mott Haven, Inwood and Washington Heights, Jamaica, Kingsbridge and Riverdale, Lower East Side, Lower Manhattan, Manhattan, Mid-Island, North Queens, Northeast Bronx, Northeast Queens, Northwest Brooklyn, Northwest Queens, Port Richmond, Queens, Rockaways, South Shore, Southeast Bronx, Southeast Queens, Southern Brooklyn, Southwest Brooklyn, Southwest Queens, Stapleton and St. George, Staten Island, Sunset Park, Upper East Side, Upper West Side, West Central Queens, West Queens and all other NY cities & New York counties near me in The Empire State.
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