As a cemetery owner, you need to safeguard yourself and your business from potential damage. A cemetery is susceptible to damages that include theft, vandalism, fire, or floods. Cemeteries work with funeral homes, hospices, and morgues to provide prior preparation of bodies for burial. Cemetery insurance protects your business from lawsuits and claims.
Cost of Cemetery Insurance
Standard general liability insurance for a cemetery depends on the cemetery location, services offered, experience, and the number of employees.
Types of Insurance Needed for Cemeteries
Cemeteries face the same perils as any other business. The cemetery is constantly exposed to threats that can cause financial distress.
Commercial Liability Insurance
It protects you from property damage as well as personal injury claims. Commercial liability insurance will help you pay for damages that are caused within the cemetery grounds. For example, if a person falls and slips getting injured, you are legally responsible for paying for medical expenses.
Professional Liability Insurance
It is also referred to as errors and omissions insurance; the policy covers costs associated with lawsuits filed against the cemetery owner for oversight or professional mistake. For example, you can be sued for not having the cemetery grounded prepared in good time. E & O insurance will cover the legal costs.
The insurance covers medical-related expenses for an employee who sustains a work-related injury and their lost wages during the treatment.
If you are going to provide transport services, the policy covers accidents and compensations resulting from the accident.
There are many reasons where a cemetery may be forced to close down temporarily. A business interruption policy will cover the loss until the time the cemetery is operational.