Funeral Service & Funeral Home Insurance

This industry includes funeral homes, cemeteries, and crematories. Establishments are involved in the burial of both humans and animals and help prepare the dead for interment. Businesses in this industry also provide funeral director services and mortician services.

Funeral homes and funeral services need insurance to cover virtually any risk that your business can face. Having insurance will protect your business property, your employees and other potential risks and liabilities that you face. Your insurance will pay for these risks so that you won’t pay these expenses out of pocket.

Risks are everywhere in funeral homes and funeral services, and those risks could be devastating to the financial well-being of your business. Some of these risks include:

• Lawsuits that your business can face.
• Auto accidents that your business vehicle is involved in.
• Theft of your business’ property.
• Weather events that could destroy your business property.

The cost of insurance for funeral homes and funeral services depends on various criteria. Normally, insurance carriers will ask for the size of your business, the number of employees you have and the coverage required. Without taking these into account, below is the average cost of insurance policies you need for your business:

• General Liability insurance costs $500 in annual premiums.
• Business Owners Policy (BOP) costs $900 in annual premiums.
• Commercial Auto insurance costs $500 in annual premiums.