What Do I Get with Funeral Home Insurance Coverage?

As the owner or operator of a funeral home, you play an important role in the circle of life. Helping family members and friends obtain closure and bid farewell to their loved ones can be an honorable charge. However, despite your best intentions and level of diligence, accidents may happen, making a funeral home insurance an essential investment.

What Is Funeral Home Insurance?

Like many types of businesses, funeral homes require multifaceted coverage that can address and account for many risks and exposures. While some insurance companies may offer prepackaged coverage consisting of multiple types of policies, you should typically expect to need to assemble your portfolio.

To ensure adequate coverage, most businesses, including funeral homes, must weave several types of insurance together.

What Types of Coverage Do I Need?

While no two funeral homes are identical, many types of insurance may be suitable for most businesses in this sector. As you put together or revisit your coverage portfolio, consider prioritizing the following:

• General liability insurance can assist with financial losses if other parties, such as guests and clients, suffer bodily harm, property damage or personal injury as a result of your functions.

• Professional liability insurance may offset losses and legal costs if your funeral home is accused of providing inadequate services, such as giving subpar advice, making errors or misrepresenting your business.

• Commercial property insurance can cover losses involving your funeral home’s physical assets, such as your building, equipment, inventory and furniture.

• Business interruption insurance may compensate you for losses and expenses arising from disruptions of normal operations, such as reduced revenue and loan payments.

• Workers’ compensation insurance can ensure your employees are able to receive financial assistance following on-the-job injuries or illnesses, while also potentially assisting you should lawsuits arise from such situations.

• Commercial auto insurance may financially protect your business from the financial ramifications of accidents and other incidents involving your hearses and other vehicles.

How to Get the Right Coverage

Contact Insurance Solutions to learn more about coverage options for your funeral home or to get a free quote.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.