How to Properly Insure Your Business During Peak Seasons

We know that peak seasons bring both opportunity and added financial risk. Whether you operate a retail shop bustling during the holidays, a tourism business thriving in summer or an agricultural operation with harvest surges, busy periods can put extra pressure on your team and resources.

At Prescott & Craig, Inc., our goal is to help you understand these seasonal business risks and offer practical insurance strategies to keep your operations covered.

Understanding Seasonal Business Risks

Peak seasons often mean increased foot traffic, higher inventory levels and more employees on site. These factors can lead to:

• Greater risk of property damage or theft due to crowded stores or warehouses
• Increased liability exposures from more customers or seasonal staff
• Supply chain disruptions as demand spikes
• Equipment breakdowns from overuse
• Weather-related risks, such as winter storms or wildfire threats

Recognizing these risks is the first step in building a strong risk management plan.

Strategies to Safeguard Your Business

To adequately insure your business during high-demand periods, consider these key strategies:

• Make sure your property, liability and business interruption insurance reflect your peak season needs. Peak season insurance endorsements can temporarily increase coverage limits when your risk is highest.
• Proper onboarding and safety training for temporary employees can reduce workplace accidents and liability claims.
• Install or upgrade security systems, especially if you’re carrying more inventory or handling more cash.
• Build relationships with multiple suppliers and keep extra stock of critical items when possible.
• Have a plan for severe weather, including backup power, emergency contacts and clear communication protocols.

How Our Team Can Help

At Prescott & Craig, Inc., we work closely with local businesses in your area to identify seasonal risks and tailor insurance solutions that fit your unique needs.

Our team can review your current policies and offer guidance on risk management, so you can focus on making the most of your busiest times.

Contact us today to discuss business insurance and more.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.