If you own a business that only operates during certain seasons, it makes more sense to have seasonal business insurance. Seasonal business insurance can provide coverage for businesses that only operate for a limited time during the year. It can also provide business income protection for full-time businesses with less busy seasons. Keep reading to learn more about seasonal business insurance and how you can benefit from it.
What type of protection does seasonal business insurance provide?
Businesses such as fireworks displays, fairs and swimming pools, which only operate during the summer, do not need year-round cover, so seasonal business insurance is a more practical option. That said, even full-time business owners can benefit from seasonal business insurance as it could protect and cover them in situations where they don̵7;t earn enough during high season.
Here are some protections that season insurance provides:
- Special events: If you have a business that hosts trade shows, festivals, concerts or other events that require coverage if they are cancelled, special event insurance covers the losses you may incur, including ticket refunds, lost income and the cost of the venue.
- Pop-up shops: Some companies do not need to rent a building all year round. Many seasonal, short-term businesses rent a property for a limited period of time. With seasonal business insurance, equipment and inventory can be covered. It can also protect you from liability if someone sustains injuries while visiting the property.
- Risk of loss of income: Horrible, unforeseen events can happen when running a summer business. You can experience a robbery or bad weather that can damage your business and close it for the rest of the season. Talk to your insurance agent about policies that include income replacement in the event that your business has to close due to vandalism, weather damage or theft.
- A weak season: If you have a business that makes most of its money during certain seasons, seasonal business insurance can protect you if you come up short and can’t cover your expenses, such as rent or employee paychecks. Ultimately, it can help keep the doors of your business open even during times of struggle.
Our insurance agents will work with you to understand your business needs, weigh the pros and cons of your options, and help you make the best choice for your business.
Talk to our team about your seasonal business insurance
Owning a seasonal business can be an exciting business venture. With the summer season approaching, you may be planning your next steps. Finding the right coverage for your business should be one of those steps, so you can ensure a smoother path forward. We’ll talk you through your options, make recommendations based on the unique needs and key factors of your seasonal business, and help you find the most affordable policies.
Contact our agency today to learn more and get the right season insurance for you!