Florist Insurance (Quotes, Cost & Coverage)

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Frequently Asked Questions About
Commercial General Liability Insurance

How much does commercial insurance cost?

Costs can vary widely based on industry and are also determined by zip code and often payroll and/or gross sales. Request a free quote to get an exact number.

What kind of business insurance do I need?

Most business owners need General Liability Insurance at the very least. If you have any non-owner employees, you will need workers compensation insurance too.

What is a Certificate of Insurance?

A Certificate of Insurance is proof of coverage. It lists the type and amount of liability coverage you have and other policy information when a third party requests it.

Is business insurance tax deductible?

Yes. you can deduct the cost of commercial insurance premiums. The IRS considers insurance a cost of doing business as long it benefits the business & serves a business purpose.

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Florist Insurance

Florist Insurance

Florist Insurance. Florists sell flowers, flower arrangements, planters, related items, gifts, and novelties. While customers may select and pick up flowers at the shop, most orders are taken over the phone with shops providing delivery service for their customers. Peak seasons include Valentine's Day and Mother's Day.

If you've achieved your dream of owning a flower shop, then it's important to protect yourself with flower shop insurance as soon as possible. If you're wondering why florist insurance is a necessity, then take a look at the top reasons listed below. By understanding more, it will be clear why taking out a policy as soon as possible is critical for the health of your flower business.

Florist insurance protects your flower shop from lawsuits with rates as low as $27/mo. Get a fast quote and your certificate of insurance now.

Coverage for Property Damage

When it comes to protecting the property itself, it's essential to have property damage coverage. This will cover you in the event that a fire occurs, there's a damage from a break-in, or there's any other physical damage occurs to the property. The limit will depend on many factors, including the amount of coverage you feel is adequate. An agent can help determine the ideal florist insurance coverage options for your policy specifically.

*Tip: An additional consideration to make is whether or not you should add special endorsements and/or supplemental policies to provide you with extra coverage. For example, what if there was a flood that damaged your building and flowers? In these situations, you'd need a commercial flood insurance policy to cover the damage to the building and contents inside of your store. Another example is spoilage insurance, which will replace inventory that's lost as a result of outside failures, such as a broken thermostat or fridge.

Workers Compensation Coverage for Illness or Injury to Employee

If an employee were to be injured on the job or become ill due to an allergic reaction, workers' compensation would help provide coverage for their medical expenses. This is required in most for any non owner employees, and it's strongly recommended no matter where you live.

Coverage for Delivery Vehicles

If you provide delivery services, then it's crucial to have the proper florist insurance commercial vehicle coverage for any cars or trucks used for the business. There are several different types of vehicle coverage to choose from, including:

  • Standard Commercial Vehicle Coverage: For business-owned vehicles, this insurance is mandatory. In order to take out a policy, most insurance companies will require license information for each person who needs to be covered for driving. While this helps protect you, it's important to keep in mind that those with a negative driving history may be denied for coverage. This type of policy is not only for the authorized driver but also for the vehicle in the event of a collision.
  • For-Hire Coverage: If you use vehicles that are rented or borrowed to deliver flowers, then this insurance is essential. It's also important if you plan on hiring an outside service to take care of deliveries, even if they aren't employees. This will extend liability protection so you're covered in the event of an accident.
  • Non-Owned Coverage: If you have employees who will be delivering flowers in their own vehicles, then it's important to have non-owned auto insurance coverage. This is crucial even if each individual already has personal auto insurance, as the coverage may not extend to situations where they are delivering on the job (which could leave you with a lawsuit).

Employee Dishonesty Coverage

In situations where an employee stole from your business or participated in illegal activities, this florist insurance would kick in.

Business Income Coverage

If a disaster were to force you to close your flower shop, this coverage would provide you with income until you could open your doors again (normally up to 12 months).

Liability Insurance for Employment Practices

If you were to be sued by an employee for discrimination, illegal business practices, sexual harassment, etc., this insurance would cover punitive damages as well as legal defense expenses.

Florists Risks & Exposures

Premises liability exposure comes from slips and falls due to public access to the premises. Water on the floor due to watering of plants or spilling of vases is common and must be attended to quickly to avoid slips and falls. Floor coverings must be in good condition with no frayed or worn spots on carpet and no cracks or holes in flooring. Steps and uneven floor surfaces should be prominently marked. Sufficient exits must be provided and be well marked, with backup lighting systems in case of power failure.

Parking lots and sidewalks need to be in good repair with snow and ice removed, and generally level and free of exposure to slips and falls. If the business is open after dark, there should be adequate lighting and appropriate security for the area.

Delivery service to customers' premises could result in property damage losses should the driver destroy property belonging to the customer.

Products liability exposure is normally low. Plants with poisonous properties should have warnings to the consumer.

Workers compensation exposure is from lifting which can cause back injury, hernias, sprains, and strains, from slips and falls, and injuries from cuts and punctures. Employees should be provided with safety equipment, trained on proper handling techniques, and have conveying devices available to assist with heavy lifting. Employees making deliveries are exposed to road and traffic hazards, and may carry heavy and awkward plants and arrangements through congested areas. In any retail business, hold-ups may occur. Employees should be trained to respond in a prescribed manner.

Property exposures are moderate due to the possibility of power outages, and malfunctioning or overheating of refrigeration units. Any smoke or fire will result in significant loss to all fresh flowers. Power outages of refrigeration equipment can result in high spoilage losses. Equipment should be maintained on a regular basis, with backup generators available. Due to seasonal fluctuations, values must be carefully reviewed and anticipated from a coverage standpoint.

Flower shops generally sell live or growing plants, shrubs, bushes, trees, and flowers. These items may be protected in a structure such as a greenhouse, or outside exposed to loss from wind, rain, or other natural elements. These structures may not be designed to withstand the forces of nature. Older greenhouses may be made of glass subject to frequent breakage. Newer greenhouses are simply frames with plastic coverings, which need frequent replacement as they tend to yellow or cloud in the weather and block out necessary sunlight. Special programs and coverages are available to protect the structures and the growing plants or crops.

Due to dependency of the business on sales for Valentine's Day and Mother's Day, even a small loss occurring right before these peak times could result in a large business interruption claim.

Crime exposures are from employee dishonesty and theft of money and securities either from holdup or safe burglary. Background checks should be conducted on all employees handling money. There must be separation of duties between persons handling deposits and disbursements and handling bank reconciliations. Money should be regularly collected from cash drawers and moved away from the collection area, preferably to a safe on premises. Bank drops should be made throughout the day to prevent a buildup of cash on the premises. Delivery drivers should not collect money.

Inland marine exposures are from accounts receivable if the store offers credit, computers to transact sales and monitor inventory, goods in transit from deliveries, and valuable papers and records due to customers' and vendors' records. Backup copies of all records, including computer records, should be made and stored off premises.

Commercial auto exposure is significant since delivery is a normal part of this operation. Although flower shops do not generally guarantee delivery times, peak seasons, such as Mother's Day and Valentine's Day, can substantially increase the volume, which can put pressure on drivers to drive more recklessly. All delivery drivers must have acceptable MVRs that are checked regularly. Vehicles should be regularly maintained with documented records.

Buying Florist Insurance for Your Business

Purchasing florist insurance can provide you with the protection that you both and want need for your business. In order to ensure you select the limits and specific coverage options that are right for you in particular, it's recommended to work with an experienced agent. With their expertise and knowledge, they will help you minimize risks and ensure your business is fully covered for whatever comes your way.

Do you need to make sure you don't overspend so you can keep your business running smoothly? Fortunately you can compare quotes for various florist insurance Delwarepolicies to ensure you're able to keep within your budget while still getting the protection you need.

Small Business Economic Data & Insurance Regulations

Perhaps you have the next great idea for a product or service that you know will appeal to your local area. Maybe you want to contribute to the economic growth of your community. Whatever the reason is, if you're thinking about starting a small business, it's important to understand pertinent information relating to small businesses in the United States; namely economic information and insurance regulations. After all, if you want your small business to succeed, you have to understand the economic trends organizations of a similar size in your area.

Likewise, you want to ensure that your small business is well protected with the right business insurance and that you are in compliance with the rules and regulations that pertain to commercial insurance in your region.

Small Business Information

Read up on economic statistics and insurance information that relates to small business owners in the United States.

Small Business Economic Data In The United States

Here's a look at some information that was compiled by the Small Business Association (SBA) regarding the economic data that pertains to small businesses in the United States:

  • In 2015, small businesses in the United States employed an estimated 58.9 million American workers, or 47.5 percent of the nation's private workforce.
  • Largest shares = fewer than 100 employees. The small businesses that employed 100 people or less had the largest share of employment amount small businesses.
  • Employment increased by nearly 2 percent. In 2018, employment amongst small businesses increased by 1.8 percent, which is an increase of 1 percent from the prior year.
  • Increase in proprietors. In 2016, the number of small business proprietors increased by 2.3 percent.
  • In 2015, small businesses were responsible for creating 1.9 million net jobs. Organizations that employed 20 people or less had the largest gains, as they added an estimated 1.1 million net jobs.
  • There were 5.7 million loans that were value less than $100,000 issued by lenders in the United States in 2016. These loans were issued under the Community Reinvestment Act.
  • Small business owners that were self-employed at the incorporated businesses that they owned reported a median income of $50,347 in 2016.
  • Small business owners that were self-employed at the unincorporated businesses that they owned reported a median income of $23,060 in 2016.
Small Business Insurance Information

In the business world, there are many risks faced by company's every day. The best way that business owners can protect themselves from these perils is by carrying the right insurance coverage.

The The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight.

Commercial insurance is particularly important for small business owners, as they stand to lose a lot more. Should a situation arise - a lawsuit, property damage, theft, etc. - small business owners could end up facing serious financial turmoil.

According to the SBA, having the right insurance plan in place can help you avoid major pitfalls. Your business insurance should offer coverage for all of your assets. It should also include liability and casual coverage. The SBA recommends the following insurance plans for small business owners:

  • Commercial Property Insurance: In the case of an unplanned disaster - fire, flood, vandalism, theft, etc. - this type of coverage will help you avoid paying for the damage out of your own pocket. Even if you rent the property, you should still carry commercial property insurance.
  • Commercial Liability Insurance: In the event that a legal situation arises - a negligence lawsuit, for example - commercial liability coverage will provide financial protection. It will cover the cost of legal defense fees, court fees, and even moneys that may be awarded.
  • Commercial Auto Insurance: If you operate a vehicle for any activities that are related to your business - transporting and/or delivering goods, or meeting with clients - commercial auto insurance is legally required for businesses of all sizes, including small businesses.

Additional Resources For Retail Insurance

Read valuable small business retail insurance policy information. In a retail business, you need to have the right type of commercial insurance coverage so that your store, employees, and inventory are protected.


Retail Insurance

The businessowners policy was designed with retail exposures and operations in mind. For this reason alone, it should always be the first type of package coverage to consider. However, for those risks not eligible for the business owners policy program, the commercial package policy (CPP) is a practical and convenient way to combine a number of coverages into one policy.

Retail businesses generate income through interaction with customers. This interaction is also how a customer can sustain an injury and then sue the retailer for damages. Hazards, exposures and operations both on premises and off are important and must be covered, but liability the retailer may incur because of the merchandise sold must also be considered and insurance protection arranged.

Inventory or stock is the major property exposure for most retail operations. Because stock values tend to fluctuate or have significant peaks at certain times of the year, value reporting or peak season valuation options should be considered. Business income coverage, including business income from dependent properties coverage, may mean the difference between a retail operation staying in business or being forced into bankruptcy following a loss.

When the insured occupies a non-owned building, insurance coverage must be arranged for the insured’s interest in extensive improvements and betterments made to the premises.

Most retail businesses offer endless opportunities for a variety of criminal activities. For this reason, the coverages needed must be carefully evaluated. Holdup and robbery losses may be the most obvious concerns but employee theft, fraud and counterfeit money losses are also serious issues that cannot be dismissed.

Retail businesses are gaining greater exposure to international issues because of the growth in sales via the internet. As these sales increase, the added exposures faced by these retailers must be evaluated. While their operating horizons are expanding so are their potential loss exposures.



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Florist Insurance
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