For your best business protection and savings, we recommend bundling GL with some other important coverages on one Business Owners Policy!
There are more than 8,000 greenhouse farmers in the US. If you are a greenhouse business owner, you will want to protect your greenhouse from various liabilities that can occur. To build an effective greenhouse insurance policy, you need several key components that cover things like injuries and property damage. This article will cover topics that include:
The inclusions in greenhouse insurance
Coverage limits and other important questions
Cost of premiums
The best companiesÂ
| CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $300,000/$1,000,000 | $1,000,000/$2,000,000 |
| Aggregate limit | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $300,000/$2,000,000 | $1,000,000/$2,000,000 |
| Products and completed operations aggregate limit | $2,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Advertising injury coverage aggregate limit | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Tenant’s legal liability coverage limit | $100,000 | $100,000 | $5,000 | $100,000 | $1,000,000 |
| Waiver of subrogation included? | Yes | No | Included | Can be included | No |
| Hired/non-owned auto liability coverage included? | Yes | No | Excluded | Can be included | Can be included |
| Equipment breakdown floater included? | No | Yes | Yes | Can be included | Can be included |
General liability insurance is a component of green house insurance that protects your business from third-party liabilities like personal injury and property damage. Some situations to use this policy include:
While a customer is touring your greenhouse, they fall over a plant and need medical treatment
A vegetable crop you have grown causes sickness after a customer buys it
You will find coverage limits of $2 million in aggregate coverage and $1 million per occurrence.
To customize your policy further, a good policy add-on to get would be fire liability insurance. This can protect your greenhouse when a fire breaks out and injures someone due to the chemicals you keep there. It can even cover you in situations where you are negligent.
This greenhouse liability insurance only covers third-party claims. You would need a separate policy for that if someone steals a piece of equipment you own.Â
Commercial greenhouse insurance with public liability coverage focuses on third-party claims from the general masses. Situation examples include:
A member of the public walks into your greenhouse but injures your leg on a piece of equipment
Someone tries to sue your company for property damage caused by your greenhouse operations
Your public liability insurance policy typically has a coverage limit of $1 million per occurrence and $1-2 million in aggregate.
General liability covers a wider variety of situations than public liability. When insuring greenhouses, general liability is typically the better choice for this reason.
A greenhouse insurance company may offer a pollution liability policy for your business. This policy protects your company from clean-up costs and possible liability coming from storing and using hazardous chemicals.
A hazardous chemical leaks from a storage container and needs to be carefully cleaned up
A chemical spill becomes publicized, and you need to hire a crisis management team to repair your reputation
Pollution liability policies can have a coverage limit of $500,000 per occurrence and $500,000 in aggregate. This number will vary depending on the policy.
In some cases, yes. You are legally responsible for environmental pollution, even if you are unaware that you are causing it. Pollution liability is one of the best ways to ensure your business is covered.
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| CoverWallet | NEXT (Best) | Thimble | The Hartford | Hiscox | |
|---|---|---|---|---|---|
| Building coverage limit (minimum) | $50,000 | $340,000 | $25,000/$500,000 | $35,000 | $25,000 |
| Contents coverage limit (minimum) | $50,000 | $35,000 | $25,000/$500,000 | $35,000 | $15,000 |
| Outdoor signs | Excluded | $2,500 | Excluded | Excluded | Included |
| Accounts receivable | Excluded | Excluded | $5,000/$10,000 | Excluded | Included |
| Money and securities | Excluded | $2,500 | $1,000 | Excluded | Included |
| Lock and keys | Excluded | $2,500 | Excluded | Excluded | Included |
| Business interruption floater | Excluded | Included | Included | Excluded | Included |
| Equipment breakdown floater | Excluded | Included | Excluded | Excluded | Included |
| Inland marine insurance floater | Excluded | Excluded | $10,000 | Excluded | Excluded |
| Employee dishonesty floater | Excluded | $5,000 | $2,500 | Excluded | Excluded |
Commercial property insurance can be a critical component of your greenhouse nursery insurance coverage. It provides protection for your business premises and property when it gets damaged. Example cases of coverage are listed below.
A severe storm caused structural damage to your greenhouse that needs to be repaired
While growing flowers in your greenhouse nursery, a criminal breaks into your property and vandalizes your products
Commercial property insurance will have a median coverage limit of $60,000. The coverage you get is dependent on the value of your business property.
Yes, commercial property insurance can be a valuable component of polyhouse insurance. Polyhouses are often smaller than traditional greenhouses and can be more vulnerable to tearing in rain storms due to the films that are often used.
| CoverWallet | NEXT (Best) | Thimble | The Hartford | Hiscox | |
|---|---|---|---|---|---|
| General liability aggregate limit | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $300,000/$2,000,000 |
| Commercial property coverage limit | $50,000 | $320,000 | $25,000/$500,000 | $35,000 | $75,000 |
| Optional policies can be added? | Yes | Yes | Yes | Yes | Yes |
| Name additional insureds for free? | Yes | Yes | Yes | Yes | Yes |
| BOP discount? | Yes | Yes | Yes | Yes | Yes |
Business owner’s policy combines commercial property coverage, general liability coverage, and other policies together into a simplified insurance. Some situations include:
A customer gets injured and damages your property. A business owner policy would cover both the customer injury and your own property damage
If your business income is interrupted by a fire, a BOP with business interruption insurance can help you offset lost income and help you if you need to move your business
Business interruption insurance is a great idea for greenhouse business owners. If a covered event negatively impacts your business sales through property damage, you can get a benefit to offset those losses.
Business owner’s policy will have coverage limits for general liability between $1 and $2 million per occurrence and $2 million or more in aggregate coverage.
