Christmas tree shops are engaged in the direct sale of fresh-cut Christmas trees via trucks, wagons, or portable stalls or stands. While your business is seasonal, you face many risks to your livelihood during the holiday season.
Why Do You Need Christmas Tree Shop Insurance?
Selling Christmas trees is a unique business. You set up shop temporarily to sell fresh-cut trees during the holiday season.
At any time a customer or a member of the general public can be injured while shopping at your stand. You or one of your workers can damage a customer’s car while helping to load a tree. Or a malicious vandal could set your entire inventory on fire, leaving you with nothing.
You have many reasons to purchase business insurance for your Christmas tree shop.
What Does Christmas Tree Shop Insurance Cover?
You’ll need several insurance policies to make up a comprehensive business insurance program for your Christmas tree shop. Many of these policies can be purchased seasonally, as needed, and your insurance needs will vary significantly depending on your unique operations. An independent insurance agent can help you determine exactly which policies and how much coverage you need.
- Commercial vehicle insurance: If you own a van or any type of vehicle that you use to transport trees, your vehicles must be covered with commercial auto insurance. If you or one of your drivers causes an accident, it covers bodily injury and property damage that the driver is at fault for. Your commercial auto insurance can be tailored to your needs, and your coverage and premiums will be based on how your vehicles are used and who drives them. Each vehicle owned by your business or used for business purposes can be listed separately on your business auto policy, with corresponding coverage for each vehicle that can differ depending on the vehicle’s characteristics and the coverage it requires.
If you or your employees drive personal vehicles for business purposes, talk to your insurance agent about your need for non-owned auto liability insurance. It provides coverage for when personal vehicles are driven for business, which is typically excluded from personal auto insurance policies.
- Commercial property insurance: If you own or lease a physical space from which you run your business, you’ll need commercial property insurance. It helps you rebuild or make repairs when an unexpected event — like a fire, a flood, hail, lightning, or a tornado — destroys your physical space. It helps you replace, rebuild, or repair computers, inventory, equipment, furniture, fixtures, and more after a covered event.
- Business interruption coverage: This reimburses you if you sustain a substantial loss of revenue or if you must close your doors temporarily after some type of covered loss. If a fire damages your space, you’ll likely have to close in order to make repairs and replace lost property. This coverage pays for lost income, salaries, and other expenses during that time. It may also help to pay for relocation expenses if you must set up a temporary space.
- Commercial general liability (CGL) insurance: This is important coverage for any small business. It offers financial protection if a person is injured while shopping for trees, or if someone (customer, or member of the general public) sustains some type of property damage as a result of your business. It covers medical bills or property repairs for any third-party injuries or property damage, and it pays for your legal expenses and any financial payouts if you were sued for additional damages.
If you have employees, you’ll likely need workers’ compensation insurance. This pays for lost income and medical expenses for employees who are injured on the job
How Much Does Christmas Tree Shop Insurance Cost?
The cost of Christmas tree shop insurance will vary depending on the coverage that you need, as well as your unique risks. Whether or not you work out of an owned or lease commercial space or temporary spaces, whether or not you have employees, and how many vehicles you own or employ for transporting trees will have an impact on your insurance costs.
The more risk exposures you have the more you can expect to pay.
Find and Compare Quotes
An independent insurance agent can work with you one-on-one to determine the types and amounts of coverage you need. Your agent can get quotes from multiple insurance companies so you can evaluate the cost and coverage options and make the best choice.
Benefits of an Independent Agent
Our agents simplify the search process for finding the right Christmas tree shop insurance. They’ll walk you through the handpicked policy options and explain the details.
Most importantly, they’ll be there for you when claim time comes. They know the ins and outs of the process and will make sure your claim is handled appropriately.
The Lowdown on Online Quotes
Online quotes can be tempting. They are fast and easy to get — but are they accurate? And are you getting quotes for the right coverage? For business owners, choosing speed over accuracy can cost you.
Online quotes can’t and don’t see the whole picture. They can omit important coverage that will leave you devastated if something unexpected happens. And they can leave out cost-saving opportunities that an agent can help you take advantage of.
Instead of getting an online quote, find an independent insurance agent now, and get one-on-one consultation and affordable options for the best coverage for your unique needs.
TrustedChoice.com Article | Reviewed by Paul Martin
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