Workers Compensation covers your employees' medical costs and lost wages while recovering from a work-related injury or illness. The employee gives up the right to sue your company in return for receiving cash and benefits from Workers Compensation. In some states it’s mandatory for businesses!
Business Interruption Insurance protects your small business if impacted by a covered risk. It'll cover the costs in replacing lost income and paying for additional expenditures. Also known as Business Interruption Coverage, this policy is usually part of your BOP (Business Owners Policy).
Business crime insurance, also known as commercial crime insurance, protects against organization-related crime and the resulting losses for your small business. When someone defrauds, embezzles, forges documents, or commits theft, you're covered for the losses.
Business Owners Policy (BOP) protects you from business liability and property damage at a lower cost. BOP covers claims resulting from fire, theft & disasters. BOP also covers claims of bodily injury or property damage during your business operations.
Why do Garden Centers and Farm Supply Stores need insurance?
This industry consists of establishments that retail garden products and supplies. Businesses may carry items such as garden power equipment, farm equipment, garden plants, and gardening tools. Establishments can include garden centers, lawn supply stores, and power equipment stores.
Garden centers and farm supply stores need insurance to protect the business from the many known and unknown risks. It makes sure that when a covered risk occurs, like a liability claim made by your client against your business, the insurance will pay for the attorney and court fees, thus leaving your business and personal assets untouched.
What risks do Garden Centers and Farm Supply Stores face?
Opening a garden center and farm supply store comes with many risks, below are some of those:
How much does insurance for Garden Centers and Farm Supply Stores cost?
The cost of insurance for garden centers and farm supply stores depends on the size of your business, the number of employees you own and the coverage needed. To find out the cost of your insurance for free, simply apply online or give our customer service representatives a call.