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.
Yes. Michigan funeral homes often face specific licensing, bonding, and auto requirements that vary by service offerings and municipality.
In some cases, yes. Even when not required, it is strongly recommended due to the professional services provided.
Costs vary based on payroll, vehicles, services (such as embalming or cremation), property values, claims history, and selected limits. The best way to get an accurate number is to quote your coverage together as a coordinated funeral home insurance program.
Often, yes, because funeral homes store sensitive personal information. Cyber insurance can help with breach response, notification costs, ransomware events, and certain legal expenses following a cyber incident (coverage varies by policy).
Bailee insurance can help cover loss or damage to a family’s property while it’s in your care (for example, clothing or jewelry). It’s designed for situations where you’re temporarily responsible for items that belong to someone else.
Typically, you’ll want commercial auto insurance for liability and physical damage, and you may also consider hired/non-owned auto coverage if employees use personal vehicles for business errands (availability varies by insurer and policy).