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 window of time during the year. It can also provide business income protection for full-time companies with less busy seasons. Continue reading to learn more about seasonal business insurance and how you could benefit from it.
What Kind of Protection Does Seasonal Business Insurance Provide?
Businesses like firework stands, fairs, and swimming pools, which only operate during the summer, do not need coverage year-round, so seasonal business insurance is a more practical option. That said, even business owners with full-time operations can benefit from seasonal business insurance as it could protect and cover them in situations where they do not make enough during peak seasons.
Here are some protections seasonal insurance provides:
- Special events: If you have a business that hosts fairs, festivals, concerts, or other events that require coverage if canceled, special events insurance covers the losses you may face, including ticket refunds, lost income, and the cost of the venue.
- Pop-up stores: Some businesses do not need to rent out a building all year-round. Many seasonal, short-term businesses rent a property for a limited time. With seasonal business insurance, equipment, and inventory can be covered. It could also protect you against liability if someone sustains injuries while visiting the property.
- Hazard income loss: Terrible, unforeseen events can happen while operating a summer business. You could experience a robbery or inclement weather that could damage your operation, closing it down for the rest of the season. Talk to your insurance agent about policies that include income replacement in the event that your business must 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 cannot cover your expenses, such as rent or employee paychecks. Ultimately, it could help keep the doors of your business open even during times of struggle.
Our insurance agents will work with you to understand your business’s needs, weigh the pros and cons of your options, and help you make the best choice for your business.
Owning a seasonal business can be an exciting business venture. With the summer season coming up, 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 road ahead. We will talk to you about your options, provide recommendations based on the unique needs and key factors of your seasonal business, and help you find the most affordable policies.