Cemetery associations are typically not-for-profit organizations that represent the interests of cemeteries located in a particular state or municipality.
Non-profit businesses like cemetery associations need business insurance that protects the organization from lawsuits and other types of losses that can make fulfilling their mission much more difficult.
An independent insurance agent can help you uncover all of the risks that you face. You may find you need a variety of cemetery association insurance policies to obtain a comprehensive portfolio of coverage.
Why Do You Need Cemetery Association Insurance?
This unique corporate structure and governance can set up a cemetery association for a unique set of problems that can lead to lawsuits and other types of financial losses that can be partially or completely mitigated with cemetery association insurance. Here are some of these potential problems.
- Injuries that occur on your premises (e.g., slips and falls in your office)
- Property damage (e.g., fire or smoke damage in your office)
- Lawsuits against your board of directors relating to decisions they’ve made
- Employee or volunteer injuries at work
- Injuries or property damage resulting from special events
Your cemetery association insurance can help you cover the costs related to these types of incidents, and more.
What Does Cemetery Association Liability Insurance Cover?
A basic cemetery association insurance plan will include commercial general liability insurance to protect you from lawsuits, as well as property insurance for any office space, equipment, and other business property that you have.
Commercial general liability (CGL) insurance is essential for any business, and especially for any business or organization that regularly associates with the general public, either on or off premises. CGL insurance protects your cemetery association from lawsuits related to third-party bodily injury or property damage. This can be as simple as a slip, trip, or fall at your office, or a serious injury or death caused by your organization.
What Does Cemetery Association Property Insurance Cover?
Your cemetery association will need commercial property insurance to protect your business in the event of a fire, smoke damage, theft, vandalism, and certain weather events.
Depending on the size of your association and the work that you do, you may qualify for a business owners policy, or BOP. A business owners policy offers liability, property, and business interruption coverage in one affordable package policy designed for small to mid-size businesses.
What Is Directors and Officers Liability Insurance?
The directors and officers who serve on your cemetery association board must maintain the organization’s financial stability and provide the appropriate resources and environment in order for it to flourish. But nearly any decision that your board makes can trigger a lawsuit, which can hurt the association and threaten the directors’ and officers’ personal assets.
Directors and officers (D&O) liability insurance protects the assets of individual directors and officers, employees, and your cemetery association from certain allegations. Policies vary by insurance company, but in general D&O policies provide coverage if you are sued for the following.
- Civil rights violations
- Conflicts of interest
- Statute violation
- Violation of by-laws
- Breach of contract or fiduciary duty
- Financial mismanagement
- Mistakes or errors of judgment
Do You Need Workers’ Compensation Insurance?
Your cemetery association likely has employees just like any other business. If you do, you need worker’s compensation insurance to protect your employees from workplace injuries and illnesses. Workers’ compensation insurance covers medical expenses and provides income replacement if an employee is injured on the job.
You may also use volunteer workers to perform a wide variety of tasks. Each state has different workers’ compensation laws, and they vary on whether or not volunteers may be covered or must be covered by workers’ compensation insurance.
Don’t Forget Coverage for Special Events
You should first talk to your independent insurance agent about whether or not your CGL policy excludes special events. If it does, you need special event insurance, which is extra coverage for a one-time event or a series of events, depending on your needs. These policies often include liquor liability coverage, which protects you in the event that there is an alcohol-related injury or property damage.
Other Cemetery Association Insurance Policies
After you’ve addressed your basic property and liability risks, you may need some additional insurance policies for your cemetery association, such as the following.
- Commercial auto insurance: This covers vehicles that are owned or rented by your organization, or any personal vehicles that are driven for business purposes.
- Commercial umbrella insurance: This provides additional liability protection above and beyond the liability limits of other applicable liability policies.
- Professional liability insurance: This offer protection for claims of professional negligence, errors, or omissions.
Your cemetery association insurance needs will be based on the unique risks you face as an organization.
How Much Does Cemetery Association Insurance Cost?
In general, business insurance costs vary depending on the size of your business, the number of employees you have, the amount and value of your commercial property, the location of your business, and other variables.
Your cemetery association insurance costs will reflect the amounts and types of coverage that you need, and the risk for serious losses that you face.
Benefits of an Independent Agent
You may have some things in common with other businesses, but in many ways your business is unique. Don’t trust your livelihood to a faceless online quote or an insurance company representative that doesn’t know the ins and outs of your business. A local, independent insurance agent will get to know you and your business.
Independent agents can work with numerous, reputable insurance companies who specialize in your type of business. Together you can review a variety of proposals and choose the best mix of coverage that meets your needs and budget.
What’s more, your agent will 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.
Find and Compare Quotes for Cemetery Association Insurance
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.
Your agent will work with you free of charge to get quotes from multiple insurance companies so you can make the best choice.
TrustedChoice.com Article | Reviewed by Paul Martin
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