This unique solution may be just what your small business needs
What is seasonal business insurance?
- • Weak season losses
While many business owners will tell you that they have busy seasons and slower ones, some businesses rely heavily on seasons. Summer camps, jewelry stores, flower shops and other small businesses make a large chunk of their sales during certain seasons, but what happens when something causes the season to be flat? Seasonal business insurance provides coverage for a significant loss of income when this happens and provides your company with the funds needed to keep your doors open.
- • Liabilities, losses and injuries
Halloween stores, Christmas tree lots, fireworks stands and pumpkin patches are businesses that usually only operate during certain times of the year. But just because they’re only operating for a few weeks or a month or two does not mean they don’t need coverage.
Accidents onsite, injuries and other events can still result in business owners being held liable for damages, and that’s where seasonal business insurance comes in. The policies are generally priced reasonably so that the premiums are not too high—a much better alternative to being sued for thousands or hundreds of thousands of dollars.
- • Property and employees
Does your business need seasonal insurance?
Many small businesses do fine with their business owner’s policy or their general liability insurance. If you are unsure as to whether or not you should have a seasonal business policy, here’s what to consider before deciding:
- • Your company depends on income during a certain season to carry your business through most of the year
- • Your business is dependent on certain weather conditions (summer camp, ski resorts, etc.)
- • You are only operating your business during certain times of the year (holiday stores, fireworks, Christmas trees, pumpkin patch, etc.)
While it may seem like running a small business has many risks, the good news is that there are many choices when it comes to insurance solutions that can and will protect you. After reading this, if you feel you may need seasonal business insurance or any other business policy, give us a call and we can guide you to the right products.