Funeral Director Insurance
A funeral director’s job is essential and personal to both the deceased person and the family. When people are alive, they often plan how their funeral looks and spend lots of time imagining every element. Hence, directing this event and managing the preparation of the body, service, and burial or cremation exactly how the deceased or their family requests is a sensitive and challenging job. Whilst every funeral director does their best, accidents can still happen, so it is wise to have insurance in place to safeguard them in all cases to protect them from financial loss.
Types of Funeral Director Insurance
Funeral director insurance is a culmination of different covers, which vary based on the insurance company’s offers.
Professional Indemnity Insurance
Professional indemnity insurance, also known as professional liability insurance, is a way to safeguard a funeral director from claims that they were negligent, made errors or made emissions in any part of their work. As families have highly raw emotions during these times and have a strong urge to complete everything to perfection, it is common for them to blame employees and claim that they acted unprofessionally.
This could mean unprofessional behaviour regarding handling the body, missing out on details in the funeral service, or allowing public members to visit who were not on the list. As a funeral is personalized and it is essential to handle the deceased body precisely, issues can occur if errors are made. For instance, using the correct chemicals to embalm the body is of utmost importance to protect it and delay decomposition, which can ruin the body and so be subject to an expensive legal battle.
Likewise, it is essential to correctly name bodies and urns, as mix-ups would be detrimental mistakes. As a result, this type of insurance can offer a payout for the legal fees of battling such claims or compensate the third party for any modifications that should be made.
2. Public Liability Insurance
Public liability insurance defends a funeral director should a third party, like a client or general member of the public, be harmed or injured in an accident caused directly by the work of the funeral director company. Such circumstances include incidents where they trip, fall or physically injure themselves in the worksite. Conversely, an employee enters their home to discuss arrangements and accidentally damages their property.
Once the insurance claim is filed and evaluated, money will be provided for reimbursement of whichever property was damaged or any medical expenses for treatment.
3. Business Equipment Insurance
Business equipment insurance is beneficial for any company that uses appliances to perform certain functions, especially if those appliances are expensive or rare. The price of the insurance policy depends on the value of the equipment and how much there is, as generally, it is the cost of replacing it. Funeral directors require equipment like storage and heaters set at specific temperatures, autopsy tables, embalming materials and cots, amongst many others, which can cumulatively add up and be remarkably costly to replace without insurance should it be damaged or stolen.
Furthermore, if the equipment cannot be used, the company’s services usually carried out daily cannot be resumed, and thus, revenue is lost. With insurance, the funeral director can then afford to repair or replace the equipment. It can be combined with stock insurance, which similarly protects its supplies like aspirators, tubes, gloves, chemicals and likewise tools.
4. Employer’s Liability Insurance
Employer’s liability insurance is mandatory for all UK companies that hire workers, with the minimum amount insured being £5 million. It was put in place to protect employees and businesses from the damaging costs associated with work-related accidents. If an employee were injured on-site, which becomes more inevitable, the more significant the business, they would be able to file a claim against the company to be held responsible. I
f insurance is acquired, however, the medical expenses sought by the injured worker and their salary whilst they could not work would be covered so that neither the worker nor the company is impacted.
In conclusion, funeral director insurance is vital. There is a high chance of claims being filed against such workers due to the nature of their job and how closely they are linked with such a tragic event as death. Therefore, utmost accuracy and reliability are required to perform the job. There is no room for accidents that inevitably occur; when they do, insurance is encouraged to prevent any financial loss associated with them.
Find out more about the importance of insurance here.
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