Pet Cemetery Business Insurance
Getting insurance for your pet cemetery business is essential.
Pet cemetery businesses need to be protected against things like breach of contract, misrepresentation, and personal injury.
For example, your business makes false claims about the duration of the service or how the remains will be preserved.
We’ll help you find the most personalized and affordable coverage for your unique business.
Recommended: Next Insurance is dedicated to matching small businesses with the right policy at the best price.
Best Insurance for a Pet Cemetery Business
General liability insurance is — generally speaking — one of the most important insurance policies for pet cemetery businesses.
Some of the risks general liability insurance covers are:
- Bodily injury
- Property damage
- Medical payments
- Legal defense and judgment
- Personal and advertising injury
There are several additional policies that your pet cemetery business could use to build on the protection of general liability, including:
- Commercial property insurance: This would provide financial assistance if, for example, your cemetery’s premises were damaged in a strong storm.
- Commercial auto insurance: Protects the vehicles used by your business, as well as your employees driving them, if they are involved in a road accident.
- Workers’ compensation insurance: Ensures your employees are adequately compensated for their lost wages and medical bills if they are injured or fall ill at work.
When deciding where to buy coverage for your pet cemetery, the first step is to decide which type of provider best suits your needs:
- Traditional brick-and-mortar insurers — Such as Nationwide and Hiscox.
- Online insurers — Such as Next and Tivly.
The primary difference to note between these two groups is the more affordable nature of online insurers due to their lower operational costs.
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Cost of General Liability Insurance
On average, pet cemeteries in America spend between $300 - $700 per year for $1 million in general liability coverage.
Compare the average cost of general liability insurance for a pet cemetery business to other professional industries using the graph below.
Several factors will determine the price of your policy. These include your:
- Location
- Deductible
- Number of employees
- Per-occurrence limit
- General aggregate limit
You may be able to acquire general liability insurance at a discounted rate by purchasing it as part of a business owner’s policy (BOP) rather than as a standalone policy.
A BOP is a more comprehensive solution that includes multiple forms of coverage, such as business interruption and property insurance.
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Common Situations That General Liability Insurance May Cover for a Pet Cemetery Business
Example 1: While walking from the parking lot to the cemetery, a visitor trips over some broken pavement, breaks an arm, and decides to sue for damages. General liability insurance would pay for your legal defense and any required settlement.
Example 2: During a tour of your cemetery, a potential customer slips on some ice, breaks his tailbone, and demands your business pay for his medical treatment. General liability insurance would cover his medical expenses.
Example 3: As an employee transports supplies from the toolshed to the cemetery, he loses control of the handcart and it hits a visitor’s luxury sedan. General liability insurance would pay for the visitor’s vehicle repair costs.
Other Types of Coverage Pet Cemetery Businesses Need
While general liability is the most important type of insurance to have, there are several other forms of coverage you should be aware of. Below are some of the most common types of coverage:
Commercial Property Insurance
You made a major investment in your real estate, equipment, and supplies. In the event of a fire, theft, or natural disaster, commercial property insurance would cover the cost of repairing or replacing your business-related property. This includes structural damage to your buildings and grounds as well as the business materials stored there.
Commercial Auto Insurance
Any car or truck you use primarily for your pet cemetery business requires commercial auto insurance to protect the vehicle, driver, and others on the road in the event of an accident. Be sure to select a policy that covers not only accident-related vehicle repair costs and medical treatment for anyone injured but also sufficient protection for any business equipment or supplies you carry in your vehicle.
Workers’ Compensation Insurance
If you have any employees, most states will require you to carry workers’ compensation insurance for your part-time and full-time workers. This coverage protects your employees if they become injured at work or fall ill after a work-related accident. It not only covers an employee’s medical bills and lost wages if they need time to recover but also any disability or death benefits stemming from a workplace accident.
Commercial Umbrella Insurance
While your general liability insurance policy covers most claims, some accidents or lawsuits may be so catastrophic that they threaten to exhaust the limits of your primary coverage. Commercial umbrella insurance protects you from paying out-of-pocket for any legal fees and awarded damages that exceed your primary policy.
Additional Steps To Protect Your Business
Although it’s easy (and essential) to invest in business insurance, it shouldn’t be your only defense.
Here are several things you can do to better protect your pet cemetery business:
- Use legally robust contracts and other business documents. (We offer free templates for some of the most common legal forms.)
- Set up an LLC or corporation to protect your personal assets. (Visit our step-by-step guides to learn how to form an LLC or corporation in your state.)
- Stay up to date with business licensing.
- Maintain your corporate veil.
Pet Cemetery Business Insurance FAQ
Yes, absolutely. You will need to first get a quote from an online business insurance provider like Next Insurance. Next allows you to then purchase a policy immediately and your coverage will be active within 48 hours.
A typical business owner’s policy includes general liability, business interruption, and commercial property insurance. However, BOPs are often customizable, so your agent may recommend adding professional liability, commercial auto, or other types of coverage to your package depending on your company’s needs.
"Business insurance" is a generic term used to describe many different types of coverage a business may need. General liability insurance, on the other hand, is a specific type of coverage that business owners need to protect their assets.
Yes, it is imperative for the financial stability of your pet cemetery business that you adequately protect it with business insurance before its launch.
Failing to do so can result in serious financial consequences and even run-ins with the law if you choose to forego policies that may be legally required of you (e.g., workers’ compensation insurance).
Not necessarily. Certain exceptions may be written directly into your pet cemetery business insurance policy, and some perils may be entirely uninsurable.
Yes, an LLC is meant to create a legal barrier between your business and your personal assets and credit. If you haven’t formed an LLC yet, use our Form an LLC guide to get started.
An LLC doesn’t protect your business assets from lawsuits and liability– that’s where business insurance comes in. Business insurance helps protect your business from liability and risk.