Beekeeping, whether it is a hobby or your business, is a complex process that requires extensive knowledge and training. As a beekeeper, or even an aspiring beekeeper, you may be surprised to learn that bee-related accidents are not covered by you. Homeowners Insurance Continue reading to learn more about how policy beekeeping can affect your home insurance policy and what you can do to get the right one. coverage
Does regular home insurance cover hobby beekeeping?
If you keep bees as a hobby, it’s important to discuss coverage details with your insurance agent. In most cases the equipment you use, and the hive, may be covered under personal property coverage, while the bees may be excluded. It is also important to know that while most insurance companies cover bee-related accidents, they may consider not renewing your policy in the future because they are now aware of the risk. Once there is a known, high-risk exposure and loss history, insurers may look to nonnew policies because the purpose of insurance is to help mitigate losses. Financial Effect of loss that is sudden, accidental and beyond the control of the insured.
Does regular home insurance cover business beekeeping?
There is a level of unpredictability that comes with buying and selling bees and their products. Some homeowners insurance policies allow up to a certain amount of business-related coverage, although this coverage is usually not comprehensive When it comes to product liability, injury, or even your day-to-day beekeeping operations, relying on your home insurance can leave you open to all kinds of risks. Between the possibility of someone getting stung, someone having an allergic reaction to your product, or your hive being damaged, you want to “bee” make sure you’re thorough.
secure. One way to set yourself up for success is to invest in “bee insurance.” You can contact your local agent for more information!
What does bee insurance cover that my home insurance might not?
Beekeeping insurance can offer you more in-depth and comprehensive Coverage from your home insurance regarding bees. Generally, beekeeping insurance will cover liability for more extensive injury, damage to the hive, and even damage to your bees. Beekeepers may also offer insurance coverage When it comes to selling your products, be it from your home, shop, craft fair or market. It can also cover you for its liability after selling the products. It is important to know that many markets and craft fairs require you to have a certificate of liability if you want to sell products during their event. This protects both you and the venue Responsibilities which may be associated with your product.
We know that protecting your home and possessions is a top priority. Check the link below to know more about it Homeowners Insurance Policy with NYCM by contacting one of our trusted agents.
