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What types of insurance do florists need?
These policies provide coverage for the most common risks flower shops face.
Business owner’s policy
A business owner’s policy bundles commercial property and general liability insurance in one plan. A BOP is often the most cost-effective type of commercial insurance for florists.
BEST FOR
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Customer injuries
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Damaged flowers, vases, or other inventory
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Business interruption incidents
General liability insurance
This policy covers common florist risks, such as customer property damage and customer injuries. Bundle with property insurance for savings in a business owner’s policy.
BEST FOR
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Slip-and-fall accidents
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Damaged customer property
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Libel or slander lawsuits
Workers’ compensation insurance
Workers’ compensation insurance is required in almost every state for flower shops that have employees. It can cover medical costs for work-related injuries.
BEST FOR
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Employee medical expenses
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Partial missed wages
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Lawsuits over employee injuries
Umbrella / excess liability insurance
Once a florist’s policy limit is reached, umbrella insurance (or excess liability insurance) boosts coverage on general liability or employer’s liability policies.
BEST FOR
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Customer injury lawsuits
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Customer property damage lawsuits
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Employee injury lawsuits
How much does insurance cost for retail businesses?
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Several factors will have an impact on insurance costs, including:
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Retail products and services offered
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Business equipment and property
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Revenue
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Location
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Number of employees
Why do florists need insurance?
Running a flower shop involves a balance between assisting customers and caring for your bouquets and other inventory. The last thing you want to worry about is a liability lawsuit or property damage. Florist insurance can give you peace of mind, allowing you to focus on growing your floral business.
