Insurance for Funeral Homes

Insurance for Funeral Homes image
Operating a successful funeral home business is always a challenge, but it comes with unique rewards. You are there for your community and neighbors in their most vulnerable moments, providing essential service and support. While the day-to-day operation of your business may require your full attention, it's also important to protect your funeral home from the most common risks so you can be there for the people who need you in the future. The right funeral home insurance can help safeguard your business from the unexpected so that you can stay focused on those you serve.

Funeral Home Insurance Coverage Options

AmTrust Financial understands that each funeral home faces a specific set of unique challenges, which is why we focus on building bespoke insurance solutions tailored to each small business we serve. Our agents are trained to listen and provide guidance to ensure you get exactly what you need to keep your funeral home adequately protected. A funeral home insurance program may include a variety of options including:
  • Businessowners Policy (BOP)
  • Workers' Compensation
  • State Disability


Protecting Your Funeral Home Employees with Workers' Compensation Insurance

When you hire and train a quality employee, you want to keep that employee around. But workplace accidents can take a while to recover from--and the medical care that results can be costly. Your workers' compensation policy will help ensure that your employees get the medical care they need to heal and get back to work. And until they are able to come back, your policy will help to cover lost wages.

Most states require funeral homes 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.

General Liability and Businessowners Policies for Funeral Homes

Two of the most common types of insurance policies small businesses need are general liability and commercial property coverage. General liability is designed to help cover costs related to third-party liability claims, such as a lawsuit filed by a customer who slipped, fell, and hurt themselves in your facility. These policies also cover damage to customer property that is caused by your business.

General liability insurance can be purchased on its own or bundled with additional lines of coverage in a businessowners policy (BOP). A BOP offers a convenient way to get essential coverage in a single, streamlined policy. Businessowner policies typically include commercial property coverage to help lessen the financial impact of damage to your property caused by fire, theft, vandalism, and other covered events. A BOP may also include business interruption coverage to help recoup your losses in the event you need to close temporarily to deal with a covered event.

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 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 funeral home, your policy could potentially provide coverage.
3. Loss of income due to a business interruption. If a situation such as fire causes you to have to shut down your funeral home for a period of time, a BOP could help you recoup some of the revenue you may lose because of the closure.

How Do I Get Funeral Home Insurance?

Purchasing funeral home 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 funeral home workers' compensation packages and other top-rated insurance products that are available through AmTrust contact us today.

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