Commercial Insurance

Funeral Home Insurance: What Should My Policy Cover?

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December 6, 2021

Like any business, funeral homes need insurance to protect their property in the event of an incident. With the many unique factors and special considerations of this type of business, funeral home owners should look into purpose-made funeral home insurance policies for adequate coverage.

Why You Need Funeral Home Insurance

Many businesses opt for general business insurance to cover their assets in a time of need. For example, a typical policy may include things like the replacement of lost or damaged belongings, property repairs due to damage, and general liability, among others.

A funeral home insurance policy will cover these things, too. So why do you need a policy specific to the funeral industry?

You know better than anyone that you’re in a unique business situation. You provide an essential service to others. Your services are available on very short notice. And you rely heavily on business continuity to serve your customers, or else you risk not being able to serve them in their greatest time of need.

Having a policy that’s specific to the funeral home industry accounts for all of the little intricacies that make your business different than other industries. And when you need to file a claim, those little differences make big impacts.

Funeral homes deal with people at their most vulnerable, and therefore your insurance needs should adapt. In addition to general liability, you should also protect your business from lawsuits that may arise if a customer think you were negligent.

What should a Funeral Home Insurance Policy Cover?

As you’re exploring your options for funeral home insurance, there are a few key areas you’ll want to ensure are covered.

First and foremost, you will need general liability insurance because the public is invited onto your property. If a guest were to fall and become injured, you could be held liable for their injuries.

Funeral homes will also benefit from professional liability. Families entrust your team to handle their loved ones with care. But there are times when grieving families may also believe a funeral home has been negligent, such as misplacing a loved one’s belongings or not dressing them in the proper burial clothing. Lawsuits can stem from professional negligence, but the right insurance policy can add an extra layer of protection.

Funeral home insurance may also cover your funeral vehicles, property, equipment, and your employees in the event they were to become hurt on the job. If damage to your property were to occur and you had to temporarily suspend operations, then your insurance may help to relocate your business or make up for lost revenue.

You'll want to make sure your specialized equipment is covered, including any vehicles that your funeral home uses.

With so many moving parts, getting a single business policy isn’t usually enough for a funeral home. That’s why industry-specific coverage exists — so that you can take out a single policy and gain 360-degree protection in your business.

How to Choose the Right Funeral Home Insurance Policy in Virginia

Funeral home insurance is one cost of doing business. But it’s also an essential safety net that will ultimately allow your business to thrive in times of need. At Shriner Insurance, we specialize in funeral home insurance and work with funeral home directors throughout Virginia to customize their policy needs. Contact us today for a free quote.



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