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Florist Insurance

As a florist, you have to focus on providing the best floral arrangements and excellent customer service to your clients. However, it is crucial to protect your business from unforeseen risks that may arise. 

Florist insurance offers coverage for businesses in the flower industry, protecting them from potential financial losses in case of accidents or other unexpected events.

Who Needs Florist Insurance?

Florists of all types and sizes can benefit from having insurance coverage. Whether you are a small local florist or a larger chain of floral shops, having the right insurance coverage can help protect you from lawsuits and other financial risks.

Types of Insurance Needed by Florists

There are various types of insurance policies that florists should consider when reviewing their insurance needs:

1. General Liability Insurance – This policy provides coverage for third-party bodily injury and property damage claims arising out of your business operations.

2. Property Insurance – It covers damage or loss to your business property due to theft, fire, or natural disasters.

3. Business Interruption Insurance – It provides coverage for lost income and expenses incurred during periods of business interruption resulting from covered losses like fire or natural disasters.

4. Workers’ Compensation Insurance – If you have employees working for you, it is compulsory to have workers’ compensation insurance in most states. It covers medical costs and lost wages if an employee suffers an injury or illness while working for your business.

5. Commercial Auto Insurance – This policy provides protection against accidents involving vehicles used for business purposes, like delivery trucks and vans.

How Much Does the Florist Insurance Cost?

The cost of florist insurance varies depending on different factors such as the size of your business, location, type of coverage required, and risk exposure level, among others. 

Our experts will help you determine what florist insurance you need and prepare the most appropriate offer for your floral shop.

Florist Risks & Exposures

Like any other business operating within the retail industry, florist shops face various risks and exposures that require adequate insurance coverage. These include:

1. Property damage– Florist shops are prone to property damage or loss due to natural disasters like floods or fire, as well as other harmful events, such as thefts.

2. Slip and fall accidents – Customers can slip and fall on wet floors or damaged carpets, causing injuries that may lead to lawsuits.

3. Product liability – Florists may be held liable for any injuries caused by the flowers or floral arrangements they sell.

4. Employee injuries – Florists with employees are exposed to risks of employee injuries while at work, which may result in workers’ compensation claims.

Commercial Insurance And Business Industry Classification

  • SIC CODE: 5992 Florists
  • NAICS CODE: 453998 All Other Miscellaneous Store – Retailers (Except Tobacco Stores)
  • Suggested Workers Compensation Code(s): 8001 Florist – Store & Drivers

Florist Insurance – The Bottom Line

As a florist business owner, you need to protect your investment by having the right insurance coverage in place. Florist insurance can help you mitigate the financial risks associated with unexpected events such as property damage, customer injury claims, and employee injuries. 

By working with an experienced insurance broker who understands the unique needs of your business, you can find the right coverage at an affordable price that meets your expectations and fits your budget.

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