Insurance for Florists & Flower Shops

Insurance for Florists & Flower Shops image
If you own a flower shop, you have specialized insurance needs that may differ from other small businesses. In addition to ensuring that customers are safe whenever they visit your shop, making sure your orders aren't postponed because of weather-related mishaps and your staff is protected whenever they're making deliveries are important goals for everyday business operations. While it may not always be possible to avoid challenges, you can be prepared to tackle risks as soon as they arise. With florist insurance solutions through AmTrust Financial, you could be better equipped to safeguard your flower shop whenever an adverse situation comes your way.

While you're focused on running your flower shop business, earning your customers' satisfaction, and keeping your inventory fresh and up-to-date, you shouldn't have to deal with other distractions. However, any small business, regardless of its size or industry, faces specific workplace hazards. Job site injuries, liability claims, damage to inventory and other hazardous situations can threaten your flower shop's daily activities.

Florist Insurance Coverage Options

When it comes to florist insurance, there's no one-size-fits-all solution. The way you run your flower shop may be completely different from the way another flower shop owner runs his or her business. That's why AmTrust is intent on providing you with customized florist insurance to suit your specific needs. It's important to have the right insurance coverage that factors all of your flower shop's unique features. Most florists opt to carry the following policies:
  • Workers' Compensation
  • Businessowners Policy (BOP)
  • Cyber Liability

Protecting Your Flower Store Employees with Workers' Compensation Insurance

Even with the proper precautionary measures and safety practices in place, workplace accidents, injuries, and illnesses can still happen. If even one incident occurs, paying for an injured employee's medical expenses out-of-pocket could be astronomical. Additionally, if an injured employee sues your business because of the accident or injury, it could put your business at greater financial risk. Workers' compensation insurance is designed to protect both your flower shop and your employees from such circumstances.

Most states require florists to carry workers' compensation. Workers' comp may provide coverage for an injured employee's hospitalization, vocational retraining, rehabilitation, and partial lost wages. Depending on the situation and policy terms, if an employee draws benefits, he or she may be prohibited from suing your business for damages, and having a policy will help cover the costs of any claims made.

If an incident occurs, workers' comp coverage helps to protect your business and your employees by:
  • Covering the costs of medical treatment, including x-rays, prescription drugs, hospital stays, and surgeries
  • Paying a portion of the employee's regular wages until he or she can return to work
  • Covering the employer's costs for a claim


Businessowners Policy for Florists

A businessowners policy (BOP) is a convenient insurance package option for flower shop owners. It can help to protect your property, inventory, and equipment if your property becomes damaged. This type of policy also helps to reduce your exposure to most third-party liability risks, such as bodily injury, advertising injury, and property damage. If your building becomes damaged and you're forced to close your shop, the coverage from your businessowners policy could help you recover some of your lost income until you're able to open your store again. A BOP bundles different types of coverage to protect you from the following risks:

1. Your property and assets. With property insurance, the building you own along with other business assets, including inventory, furniture, displays, and equipment, can be protected against damage by fire, vandalism, theft and more.

2. Liability claims. This portion of a BOP can protect you against many third-party claims. For example, if a customer alleges that you're responsible for an injury he or she suffered while visiting your floral shop, your policy could potentially provide coverage.

3. Loss of income due to a business interruption. If a situation such as a fire causes you to have to shut down your floral shop for a period of time, a BOP could help you recoup some of the revenue you may lose as a result of the closure.

The Importance of Cyber Liability Insurance for Florists 

In spite of evolving and improving data protection measures, as a flower shop owner, you have no guarantee that your sensitive information won't be hacked. If you accept credit cards, use email marketing, keep inventory data online, or rely on the internet for any business purposes, you could be at risk for a data breach or cyberattack. If your customers' private information is stolen or if you're the victim of a cyberattack, you could receive assistance with recovering costs from the hack with your cyber liability insurance policy.


How Do I Get Florist Insurance?

Purchasing florist insurance can give you peace of mind and confidence in knowing you're getting coverage against a variety of hazards and risks. AmTrust is here to help you discover tailored insurance solutions to keep your small business safeguarded whenever unfortunate situations arise. We work alongside you to find an insurance package suited to your business’s specific needs. To learn more about florist workers' compensation packages and other top-rated insurance products that are available through AmTrust contact us today.

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