Protections to discuss with your clients include:

Weather insurance: For any special event, weather insurance is crucial, but can be overlooked. It can cover financial losses due to bad weather, even rain, ensuring that events aren't financially vulnerable if attendance drops.
Workplace violence: This is another insurance type that unfortunately has to exist, and serves an important purpose. This coverage should be mentioned to clients as a consideration for events and large gatherings.
Additional insureds: Ensuring proper documentation and additional insured status for vendors and subcontractors can provide extra protection and streamline the claims process should anything occur.

Key Considerations

Across insurance types, here are key points to address with each client:

Risk evaluation: Understand the specific risks associated with your client's business.
Policy bundling: Inform clients of business owner's policies (BOP) when appropriate, providing comprehensive general liability and property insurance coverage while saving on premiums.
Coverage reexamination: As your client's business grows or changes, ensure their insurance coverage adapts to new risks and higher values of equipment and inventory.
Rewriting versus canceling: Explain to clients that maintaining continuous coverage is more cost-effective and beneficial in the long term. Seasonal businesses might be tempted to cancel annual policies during the off-season, but these policies cover the full annual exposure. Canceling mid-year can create coverage gaps and complicate future insurance needs.

The power of a knowledgeable and empathetic agent

Agents can be most effective when they comprehend all aspects of the summer business their client is seeking coverage for. By understanding the specific coverages needed for ice cream and food trucks, summer camps and events, business owners can ensure they are protected against potential liabilities, allowing them to focus on delivering enjoyable experiences for their customers.

Special Reports /

Navigating risks and choosing coverage for business insurance this summer

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