Funeral Palor Insurance
Funeral Palor Insurance
Funeral homes tend to be small, family-run, very unique businesses. Many are integral parts of their communities; families of all kinds place their trust in funeral homes during the worst of times. Funeral homes and funeral directors need comprehensive small-business insurance to protect them from financial ruin caused by fires, weather events, injuries and lawsuits.
One-size-fits-all business insurance is not the right answer for a funeral home or funeral director. Your exposures are not the same those of a retail shop, manufacturer or any other small business. You need to work with an experienced independent insurance agent who knows your business and who can find the right funeral home insurance from reputable insurance companies.
According to the National Directory of Morticians Redbook:
- there were 19,391 funeral homes in the U.S. in 2015.
- nearly 86 percent of funeral homes in the U.S. are privately owned by individuals or families.
- 14 percent of funeral homes in the U.S. are owned by publicly traded corporations.
- the average funeral home has three full-time and four part-time employees.
As you serve bereaved members of the public, you face certain risks that can have a devastating impact on your financial viability. These include the following:
- Slips and falls
- Weather events (wind, hail etc.)
- Fire and smoke
- Theft and vandalism
- Employee injuries
- Auto accidents involving hearses or other owned vehicles
- Lawsuits
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