Let $T$ denote a monosorted Lawvere theory (call its distinguished object $G$) equipped with a distinguished constant $0 : G \leftarrow 1$ that is "idempotent" in the following sense: for all arrows $f : G \leftarrow G^n$ of $T$, we have $0 = f \circ \mathrm{diag}_{n,1} \circ 0,$ where $\mathrm{diag}_{n,1} : G^n \leftarrow G$ is the diagonal inclusion. In more classical notation, this is just saying that
$$f(0,\ldots,0) = 0$$
for all arrows $f : G \leftarrow G^n$ of $T$. Then the category of models of $T$ in $\mathbf{Set}$ necessarily has a $0$ object, and thus we can make sense of biproducts.
Write $\mathbf{C}$ for the aforementioned category of models in $\mathbf{Set}$. The only cases I know of where $\mathbf{C}$ has all finite biproducts are the case where $T$ is the Lawvere theory of $S$-modules for some commutative semiring $S$. (This covers abelian groups, commutative monoids, real vector spaces, etc.) In these cases, it also holds that $T$ is commutative.
Now unfortunately, $T$ being commutative doesn't imply the existence of biproducts; e.g. take $T$ equal to the theory of pointed medial magmas satisfying $0+0=0$. It seems natural to ask whether the converse holds:
Question. Does the existence of all finite biproducts in $\mathbf{C}$ imply that $T$ is commutative? That is, does the existence of biproducts represent a strengthening of commutativity? And if so, is the existence of all finite biproducts in $\mathbf{C}$ equivalent to a straightforwardly expressed condition on the structure of $T$?