Florida Funeral Home Insurance
Operating a Florida based Funeral Home is like operating any other
business. You need to analyze your risks then determine the coverages you
need to protect your business. Barbee Jackson Insurance is here help you
with this process by designing a policy based on your business needs, then
we work with the leading Funeral Home Insurance Carriers to find the
package that works best for your business.
Bundling insurance products like Building, General Liability, and
Commercial Auto Insurance will save you the most money on your Funeral Home
Insurance. Additionally, there are other products that you may not be aware
of that will help protect your business. It’s best to work with an agent
that understands your business to make sure you are properly covered.
Funeral Home Insurance - Building Coverage
Commercial Building Insurance - Insures the covered building. The property
can be insured at Replacement Cost (RC) or Actual Cash Value (ACV). In most
cases you want a policy that is Replacement Cost, meaning you get the cost
to rebuild the building at today's cost without depreciation. An Actual
Cash Value policy depreciates the building, meaning you get today's cost to
rebuild of a similar age and building type minus depreciation.
Business Personal Property
- Covers the business property such as furnishings and equipment.
- Provides coverage for structures that are not permanently attached to the
building. This could be a fence or another building on the same property.
- Provides loss of income for the business after a covered loss. This
coverage includes lost profits and expenses during the time the business is
closed or under reconstruction.
- Signage can be expensive so it is important to make sure that you check
the policy limits when it comes to outside signs.
Funeral Home Insurance – Auto Coverage
Auto Liability – Covers damage that you caused that results in a claim
involving bodily injury or damage to their property up to policy
Comprehensive and Collision – Provides physical damage coverage to your
owned vehicle that was a result of a covered claim. This could be an
accident, animal strike or natural disaster such as windstorm, flood or
Uninsured Motorist Bodily Injury – covers you for bodily injury,
pain/suffering, or death caused by an at-fault driver who didn’t have
insurance or was underinsured.
Medical Payments – Helps pay for medical or funeral expenses of a
covered driver after an accident regardless who was at-fault for the
Personal Injury Protection (PIP) – Required by Florida State Law, PIP
pays 80% of your medical bills and 60% of your lost wages, up to
$10,000. Benefits are paid no matter who is at-fault for the accident.
Funeral Home Insurance – General Liability
Protects your business if a customer/visitor is injured at your funeral
home. This coverage also protects you if you are responsible for any
medical or liability expenses associated with the injures.
Funeral Home Insurance – Workers’ Compensation
Florida requires most Funeral Homes (depending on how many employees
you have) to carrier $100,000 per occurrence, $500,000 aggregate, and
$100,000 per occurrence by disease.
What do these limits mean? For any one incident (or claim) the maximum
payout is $100,000. The maximum payout for any one policy term, regardless
of the number or type of claims, is $500,000. Most policy terms are one
year. Finally, the max payout for any one incident caused by disease is
$100,000. In many cases these limits are not enough and higher limits of
$500,000 and $1,000,000 can be purchased.
Funeral Home Insurance – Other Coverage Options
Professional Liability - Protects the funeral home against claims for
negligent acts, errors or omissions committed during business activities
Employee Dishonesty – Helps recover losses from employee theft.
Employee Practices Liability – Protects your business against charges of
discrimination, harassment or wrongful termination.
Commercial Umbrella – Provides businesses with an additional layer of
protection from a significant loss whether it be at the business, offsite,
or involving an auto accident.
Why Barbee Jackson Insurance for your Funeral Home Insurance?
We understand the coverage you need and we work with the top insurance
carriers to find you the best rate the first time. In most cases we can
find you insurance for your business the same day! Work with the leader in
Florida Funeral Home Insurance. Call today 1-850-389-2001