Flower Shop Insurance
Independent shop owners take on a serious load in terms of responsibility. Getting your insurance dealt with is probably the last thing on your mind when you’re trying to run a successful business, but the process needn’t be too time consuming. There are really just a small number of choices in terms of which optional insurance policy types you want to go for, and making sure you’ve handled the obligatory types.
If your flower shop or florist business runs vehicles, as many do for delivering floral bouquets and other products, you must make sure these vehicles have motor insurance. If you employ staff to work in your flower shop or in any area of the business, you as their employer must take out employers’ liability compulsory insurance, as this is a legal requirement.
You can protect your shop and stock using buildings and contents insurance for your business. You should ideally make sure any policy you consider is going to provide adequate cover for your stockholding, any equipment you use, for example for flower arranging or cash handling, and the interior elements within the store as well.
Most flower shops handle significant amounts of cash, making money cover a worthwhile option, insuring you for losses incurred by theft or robbery. The amount of turnover you have as a florist is possibly not huge, so having a break in your service may be a hurdle that is difficult if not impossible to overcome. However, taking out business interruption insurance will help you to cope with this eventuality.
