The services funeral homes provide present a diverse array of risks. From the funeral home to the cemetery, your business is exposed to numerous risks. Insurance can help should anything significant occur. However, simply having a standard insurance policy isn’t enough. It’s important to carry a specialized program that goes beyond what basic policies for other businesses provide and offers protection against:
Allied Insurance offers flexible funeral home insurance programs. When you work with us, we’ll help you find and choose coverage options that are most relevant for your business, ensuring you get a cost-effective policy that offers exceptional protection.
Some of the coverage options we offer include:
General liability coverage is required and helps protect against potential third-party injuries that occur on your premises. It also protects against (non-vehicle) damage to a third-party’s property, defamation, and false advertising.
Often called “Errors and Omissions” or “E&O,” professional liability coverage protects against actual or alleged mistakes in the provision of professional services and helps cover legal costs if a covered claim arises.
Workers’ compensation is required in every state except Texas, and helps cover medical costs and a portion of lost wages for employees who sustain job-related injuries.
Commercial auto covers certain damages for most business-owned vehicles. As with any insurance policy, it’s critical to review the terms and conditions. Just as transporting remains often requires a burial-transit permit, specialized coverage may be needed for driving a hearse. Our team will help you ensure every necessary vehicle is covered.
A business owner’s policy (BOP) bundles key coverages into one convenient package. Most come with general liability, commercial property, and commercial auto. We can assist with adding additional protections, such as professional liability, and with reviewing each coverage’s specific terms.
Cyber insurance covers losses tied to data breaches, ransomware, and other cyber threats. This protection is highly recommended when dealing with sensitive information, such as Social Security and credit card numbers.
Business Income, or Business Interruption, coverage is a different type of protection. Rather than protecting against property damage or lawsuits, it safeguards your business from prolonged and unexpected periods of no revenue. While it may cover fire damage, it doesn’t cover seasonal drops in revenue when winter weather prevents burials.
Commercial property coverage protects the physical assets within your funeral home, including signage, equipment, and caskets. In the event of a covered loss, such as fire, theft, or certain types of weather damage, the coverage may help with repairs or replacements.
It’s important to ensure your policy’s coverages match your business’s risk exposure and situation. That’s where Allied Insurance Managers can help. We have decades of experience helping businesses across the United States find the right protection. Additionally, as an independent insurance agency, we work with a variety of carriers. These partnerships allow us to find options that best fit within your budget without compromising protection. Mitigate unnecessary risks and partner with Allied Insurance Managers today.
