What does florist business insurance cover?
At Bullfrog, we offer several core components of coverage as part of our insurance package for florists:
- CGL (Commercial General Liability)
- Property coverage
Your CGL insurance is a necessity for protecting your flower shop if a third party or client sues you for property damage or bodily injury. This coverage can protect you from legal expenses, settlement fees, judgement awards, and defense costs – no matter what the outcome of the claim is.
Property insurance protect your florist business’ physical location. This includes if its equipment or furniture was damaged or destroyed, so long as the damages were due to an insured peril, such as theft, vandalism, fire, and more.
For florist business insurance, Bullfrog offers the following levels of insurance:
- $2 million
- $3 million
- $4 million
- $5 million
How much coverage you need depends on your individual circumstances, such as the likelihood of a lawsuit, your revenue, the cost of a lawsuit, your employees, and your services.
For property coverage, there is two levels:
It is important that you assess the value of your property and choose an amount that is equal or greater to its replacement cost.