Insurance for Bakeries
At Insurance Incorporated we’ve provided affordable insurance options for bakeries for 60 years. Whether you have a small retail location or you mass-produce large quantities of baked goods you’ll need the right insurance coverage in the event of a loss. As Independent Insurance Agents we provide you with several quotes from the leading insurance companies to assure you receive the most competitive rates and quality coverages available. We’re able to provide you with bakery insurance options that include General Liability, Workers Compensation, Commercial Auto, Product Recall and many other coverage options.
Call 877-428-8778 for a free no obligation insurance quote on your bakery!
Quality Insurance for Quality Bakeries
When it comes to bakery insurance it’s important you look at not only what it costs, but what is actually covered under the policy.
Does your current insurance provide for loss of business income you could suffer due to a claim that closes your doors for an extended period of time? Do you have enough insurance to cover the full replacement cost of your ovens and costly equipment after a devastating fire? You may need to speak to one of our licensed bakery insurance agents for details on a policy custom to your needs.
What Type of Insurance Does a Bakery Need?
General Liability Insurance: Every bakery large or small should have General Liability Insurance that can provide coverage for bodily injury or property damage your business, property, or employees could cause to a customer. If your products are contaminated and a customer gets sick as a result, you could be sued for damages including medical bills and loss of income.
Business Personal Property: Most bakeries use high-end ovens, mixers, and refrigerators to create their delicious products. This equipment can cost hundreds of thousands of dollars to replace in the even of fire or theft. Make sure your tools and equipment are covered for the entire amount it costs to replace them.
Equipment Breakdown: It’s important bakeries have equipment breakdown insurance which can provide help with the cost to repair or replace equipment such as ovens or computers that are damaged from a power surge or mechanical failure. Equipment breakdown can even provide for lost income you’ve incurred as result of the damage.
Building Coverage: Bakeries that own their building need to consider not only the cost to rebuild, but also the cost to of any upgrades and alterations made to the structure. Alterations may include additional walls for an office space or a built-in range oven. Bakeries that lease their location need this coverage for upgrades they’ve made to their unit.
Workers Compensation: Bakery employees have a high exposure of burns, slip and falls, back injuries, and even accidental dismemberment from rotating blades or moving parts on machinery. It’s important you have workers compensation insurance to provide coverage for medical bills, lost wages, and even rehabilitation. California law requires all bakeries with one or more employees carry workers compensation insurance.
Commercial Auto: Many bakeries deliver product to various retail locations for distribution while others will use vehicles for traveling to farmers markets, business meetings, sales events, etc. It’s imperative any vehicles used for business (whether commercial or personal) be insured under a commercial auto policy. Commercial Auto Insurance can be custom tailored to meet the exposures your bakery may have.
Other bakery insurance options may include: Employee Dishonesty, Inland Marine, Employment Practices Liability, Umbrella, and many more!
How Much Does Bakery Insurance Cost?
The cost of bakery insurance depends on many factors that include gross annual sales, location square footage, amount of employees, amount of payroll, coverage needed to rebuild your structure or replace your business property, and many more. It’s important you discuss in detail how your bakery operates with an agent who can help you understand coverage options you’ll need in the event you suffer a loss.
Call us at 877-428-8778 and speak with a licensed agent who can help you understand your bakery insurance needs!