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Insurance comes in many forms in addition to standard coverage that protects you against property damage and liability. One type that you might not have heard much about is seasonal business insurance. Is it worth the extra premium cost for you to purchase this coverage?

What is Seasonal Business Insurance?

As the name suggests, this type of insurance covers you in the event of seasonal losses that you could not have predicted. Imagine, for instance, that your homemade candy store experiences a drastic loss of customers when your town initiates a large-scale construction project nearby that limits access to your shop. Scheduled to last three months, it will rob you of the majority of your summer profits. With seasonal business insurance, you can be shielded from this major financial hit.

Seasonal business insurance is also an excellent investment if you own an enterprise that is only in business for a particular portion of the year. Christmas tree lots, summer seafood shacks and shops selling beach paraphernalia such as boogie boards fall into this category. If you own one of these, why buy coverage for the entire year when your doors are only open for a few months?

Finally, you might find that you want to have a gimmick similar to what a well-known New England furniture seller did this year. If the Boston Red Sox and the New York Yankees play each other in the American League Championship Series – regardless of who wins – all customers who bought furniture during a specific time period will get their purchases for free. Seasonal business insurance can cover you for the massive expense you would otherwise need to swallow on your own should the baseball gods smile on both teams.

Should You Purchase Seasonal Business Insurance?

Take some time to think about your particular establishment. Ask yourself the following questions:

  • Is your store only open for part of the year?
  • Is most of your income earned during a specific season?
  • Do weather conditions have a pivotal impact on your business’s success?

If you answered “yes” to even one of these questions, it makes a great deal of sense to look seriously into seasonal business insurance. Talk to your current insurance agent. In addition, get some online business insurance quotes to be sure you get the best deal for your money. Once you do, you can breathe easier knowing that you are protected even if you experience devastating, unpredictable seasonal events.