What is Garden Centre Insurance?
Garden Centre Insurance is an umbrella term for a variety of different types of cover that ensure your garden centre is fully insured against the risks that could cause your business financial loss.
Every horticultural business has unique insurance requirements, but liability insurance typically forms the backbone of a Garden Centre Insurance policy.
Liability insurance for garden centres
Liability insurance can protect your horticultural business from the cost of compensation payments should a claim be made against you for loss, injury, or damage to a third party or their property.
There are two types of liability you should be covered for:
Employers’ liability insurance
As an employer, you are legally obliged to have employers’ liability insurance, to include temporary and casual staff too.
If one of your staff were to suffer an injury or loss during the course of their work for you, you could face a claim for damages. For example, a member of your team falls off a ladder while stocking a shelf and breaks their wrist.
Your employers’ liability insurance will cushion you from the cost of compensation and legal costs.
Public liability insurance for garden centres
Public liability insurance works in a similar way to employers’ liability, the main difference being that it covers you against claims made by members of the public rather than employees.
No matter the size of your garden centre or nursery, opening your doors to the general public exposes you to risks that you need to be insured against.
For example, if a customer slips on a wet surface at your premises and injures themself, you could be liable for a claim. If one of your staff accidentally damages a customer’s car with a trolley, your business is liable for the cost of repair.
Your public liability insurance protects your business from the financial costs of a compensation claim for loss, injury, or damages to a third party or their property as a result of your business activity.
What else should I consider with Garden Centre Insurance?
In addition to liability insurance, we can arrange a selection of other covers, including business interruption insurance, stock cover, and buildings and contents cover.
Business interruption insurance
Business interruption insurance works to help keep your business afloat if you have to cease trading temporarily due to a disaster, for example, a flood causing major damage to your premises.
Business interruption insurance covers the loss of income you’d experience if this were to occur, helping to cover costs such as staff wages and business overheads.
Stock cover for garden centres can incorporate refrigerated or frozen stock, non-perishable items, and stock out in the open.
Stock cover protects these items in the event of loss, damage, or theft, for example in the unfortunate event there’s a fire at your premises.
Buildings and contents cover
We understand that your business premises could be a mixed construction building, and include a number of different types of buildings too – greenhouses and log cabins, for example.
Our team of experienced brokers will make sure your buildings and contents are adequately insured, with the sum insured covering everything you need it to, including the cost of a rebuild, should the worst happen.