Florist Insurance

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Florist Insurance Policy Information

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.

Below are some answers to commonly asked florist insurance questions:

How Much Does Florist Insurance Cost?

The average price of a standard $1,000,000/$2,000,000 General Liability Insurance policy for small florists ranges from $27 to $39 per month based on location, size, payroll, sales and experience.

What Type Of Insurance Do Florists Need?

Florist With Customer

Flower shops needs several commercial insurance polices to make sure their operations are properly protected:

Coverage For General Liability

Commercial general liability helps protect your florist shop in case of an accident. Maybe a customer slips on a wet spot on your floor.What if a vendor is accidentally lacerated by one of your cutting tools while in your store? General liability helps protect you against these and other potential third party bodily injury or property damage claims.

Coverage For Professional Liability

What happens if a customer claims you ruined her expensive wedding by delivering the wrong floral order? professional liability coverage, also known as "errors and omissions" insurance (E&O), may help protect your business in similar circumstances.

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

Florist Taking Order

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.

Commercial Insurance And Business Industry Classification

  • SIC CODE: 5992 Florists
  • NAICS CODE: 453998 All Other Miscellaneous Store – Retailers (Except Tobacco Stores)
  • Suggested ISO General Liability Code(s): 12841
  • Suggested Workers Compensation Code(s): 8001

Description for 5992: Florists

Division G: Retail Trade | Major Group 59: Miscellaneous Retail | Industry Group 599: Retail Stores, Not Elsewhere Classified

5992 Florists: Establishments primarily engaged in the retail sale of cut flowers and growing plants. Establishments primarily engaged in the -retail sale of seeds, bulbs, and nursery stock are classified in Industry 5261, and greenhouses and nurseries primarily engaged in growing seeds, bulbs, flowers, and nursery stock are classified in Agriculture, Industry 0181.

  • Florists-retail
  • Flowers, fresh-retail
  • Potted plants-retail

Florist Insurance - The Bottom Line

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 policies to ensure you're able to keep within your budget while still getting the protection you need.

Types Of Small Business Insurance - Requirements & Regulations

Perhaps you have the next great idea for a product or service that you know will appeal to your local area. If you've got a business, you've got risks. Unexpected events and lawsuits can wipe out a business quickly, wasting all the time and money you've invested.

Operating a business is challenging enough without having to worry about suffering a significant financial loss due to unforeseen and unplanned circumstances. Small business insurance can protect your company from some of the more common losses experienced by business owners, such as property damage, business interruption, theft, liability, and employee injury.

Purchasing the appropriate commercial insurance coverage can make the difference between going out of business after a loss or recovering with minimal business interruption and financial impairment to your company's operations.

Small Business Information

Insurance is so important to proper business function that both federal governments and state governments require companies to carry certain types. Thus, being properly insured also helps you protect your company by protecting it from government fines and penalties.

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.

Types Of Small Business Insurance

Choosing the right type of coverage is absolutely vital. You've got plenty of options. Some you'll need. Some you won't. You should know what's available. Once you look over your options you'll need to conduct a thorough risk assessment. As you evaluate each type of insurance, ask yourself:

  • What type of business am I running?
  • What are common risks associated with this industry?
  • Does this type of insurance cover a situation that could feasibly arise during the normal course of doing business?
  • Does my state require me to carry this type of insurance?
  • Does my lender or do any of my investors require me to carry this type of policy?

A licensed insurance agent or broker in your state can help you determine what kinds of coverages are prudent for your business types. If you find one licensed to sell multiple policies from multiple companies (independent agents) that person can often help you get the best insurance rates, too. Following is some information on some of the most common small business insurance policies:

Business Insurance Policy Type What Is Covered?
General Liability InsuranceWhat is covered under commercial general liability insurance? It steps in to pay claims when you lose a lawsuit with an injured customer, employee, or vendor. The injury could be physical, or it could be a financial loss based on advertising practices.
Workers Compensation InsuranceWhat is covered under workers compensation insurance? This type of insurance protects a business and its owner(s) from claims by employees who suffer a work-related injury, illness or disease. Workers comp typically provides the injured employee with benefits to cover medical expenses, a portion of his/her lost wages, rehabilitation costs if applicable, and permanent partial or permanent total disability.
Product Liability InsuranceWhat is covered under product liability insurance? I pays an injured party's settlement or lawsuit claim arising from a defective product. These are usually caused by design defects, manufacturing defects, or a failure to provide adequate warning or instructions as to how to safely use the product.
Commercial Property InsuranceWhat is covered under business property insurance? General liability policies don't cover damages to your business property. That's what commercial property insurance is for. It protects all of the physical parts of your business: your building, your inventory, and your equipment, giving you the funds you need to replace them in the event of a disaster. If you work from home, you might consider a Home Based Business Insurance policy instead.
Business Owners Policy (BOP)What is covered under a business owners policy (BOP)? This is a policy designed for small, low-risk businesses. It simplifies the basic insurance purchase process by combining general liability policies with business income and commercial property insurance.
Commercial Auto InsuranceWhat is covered under business auto insurance? This type of insurance covers automobiles being used for business purposes. This could include a fleet of business-only vehicles or a single company car. In some cases it might cover your car or your employee's car while they're being used for business. These policies have much higher limits, ensuring you can cover your costs if one of these vehicles gets into an accident.
Commercial Umbrella PoliciesWhat is covered under commercial umbrella insurance? This type of policy is a sort of "gap" insurance. It covers your liability in the event that a court verdict or settlement exceeds your general liability policy limits.
Liquor Liability InsuranceWhat is covered under liquor liability insurance? It covers bodily injury or property damage caused by an intoxicated person who was served liquor by the policy holder.
Professional Liability (Errors & Omissions)What is covered under professional liability insurance? This type of business insurance is also known as malpractice oe E&O. It covers the damages that can arise from major mistakes, especially in high-stakes professions where mistakes can be devastating.
Surety BondWhat is covered under surety bonds? Bonding is a contract where one party, the SURETY (who assures the obligee that the principal can perform the task), guarantees the performance of certain obligations of a second party, the PRINCIPAL (the contractor or business who will perform the contractual obligation), to a third party, the OBLIGEE (the project owner who is the recipient of an obligation).


Who Needs General Liability Insurance? - Virtually every business. A single lawsuit or settlement could bankrupt your business five times over. You might also need this policy to win business. Many companies and government agencies won't do business with your company until you can produce proof that you've obtained one of these policies.

Business Insurance Required by Law
Small Business Commercial Insurance

If you have any employees most states will require you to carry worker's compensation and unemployment insurance. Some states require you to insure yourself even if you are the only employee working in the business.

Your insurance agent can help you check applicable state laws so you can bring your business into compliance.

Other Types Of Small Business Insurance

There are dozens of other, more specialized forms of small business insurance capable of covering specific problems and risks. These forms of insurance include:

  • Business Interruption Insurance
  • Commercial Flood Insurance
  • Contractor's Insurance
  • Cyber Liability
  • Data Breach
  • Directors and Officers
  • Employment Practices Liability
  • Environmental or Pollution Liability
  • Management Liability
  • Sexual Misconduct Liability

Whether you need any or all of these policies will depend on the results of your risk assessment. For example, you probably don't need an environmental or pollution policy if you're running an IT company out of a leased office, but you would need data breach and cyber liability policies to fully protect your business.

Also learn about small business insurance requirements for general liability, business property, commercial auto & workers compensation including small business commercial insurance costs. Call us (855) 767-7828.

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

Retail stores are susceptible to premises liability claims because of customer traffic, but large department and specialty stores are more susceptible than most.

All retail stores have significant property exposures. The on-hand stock represents a considerable investment, but the amount on hand fluctuates seasonally. For this reason, physical damage insurance on this property must be arranged carefully. 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.

Crime insurance, in the form of employee theft and money and securities coverage, is also very important.

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.

Minimum recommended small business insurance coverage: Business Personal Property, Business Income and Extra Expense, Equipment Breakdown, Employee Dishonesty, Money and Securities, Accounts Receivable, Computers, Valuable Papers and Records, General Liability, Employee Benefits, Umbrella, Hired and Non-owned Auto & Workers Compensation.

Other commercial insurance policies to consider: Building, Earthquake, Flood, Leasehold Interest, Real Property Legal Liability, Computer Fraud, Forgery, Bailees Customers, Goods in Transit, Jewelers Block, Cyber Liability, Employment-related Practices, Business Auto Liability and Physical Damage and Stop Gap Liability.


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