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Seasonal Business Insurance: Is it Right for Your Business?

11. February 2013 16:36
seasonal business insurance

With Valentine’s Day just around the corner, many jewelers, bakers, florists, chocolate makers, and similar businesses are enjoying a seasonal boost in business. But what happens when the seasonal uptick in business from a holiday like Valentine’s Day doesn’t happen?

Imagine, for example, that your florist shop is located right next to a commuter train station – but this year, that station is closed for repairs for six weeks, right in the middle of the Valentine’s season. Because many small-business owners rely on seasonal events for a significant chunk of annual revenue, the risk of losses from a less-than-stellar season is very real – and potentially very costly.

The good news is that you can buy seasonal insurance to cover the losses from an underwhelming season.

What Seasonal Business Insurance Offers

A seasonal business insurance policy can cover…

Should You Buy Seasonal Business Insurance?

Seasonal business insurance isn’t right for every business owner and doesn’t make sense for every industry. Good candidates for seasonal insurance typically…

If your business doesn’t meet at least one of these criteria, you’re likely okay without seasonal coverage.

Written by Brenna Lemieux - check her out at Google+ or Twitter

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Small Business Risk Management

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