Although you might not think it, cemeteries are subjected to the same insurance requirements and needs as many other businesses. They need standard coverage and coverage for specific cemetery issues. In order to make an informed decision on which cemetery insurance policy you need, you should first know what it covers.
Standard Business Coverage
A cemetery is a business, and like any other business, it is subject to the same problems and concerns. Some of these are:
- Storm damage
Some of these are more devastating to cemeteries than other businesses. A flood can cause devastating damage to the reputation of the cemetery because of the interaction between wooden coffins and flooded ground. Vandalism also poses the same risks.
Nonstandard Theft Coverage
Theft in a cemetery is a very serious thing, and in the majority of places, it is a biohazard and a crime. Just because grave robbing is not prevalent does not mean it does not happen. Opening a grave can cause the cemetery owner significant financial losses for reburial and possibly clean-up of biohazardous material.
Liability is a bit more difficult to define in cemetery services. Improper burial and other lawsuits arise in the course of business, and it is important for your cemetery to be protected against it.
If you own a cemetery, it is vital to have the correct coverage. If you don’t, you leave yourself open to extensive damage to your reputation and business.