07 Apr Insurance for Bakeries
Insurance for Bakeries
Bakeries, like most businesses, have exposures that need to be addressed with the proper Insurance coverages. With all the programs available, it can be tricky determining which coverages you may need. For this reason, we put together some of the most important coverages you will need for your Bakery.
Insurance for Bakeries – General Liability Insurance
General Liability Insurance for Bakeries can be tricky, because many bakeries have different operations. Some Bakeries have retail establishments while others operate a wholesale Bakery operation with no retail exposure. When shopping for General Liability Insurance, it is important to clarify if exactly what your operations entail.
Properly clarifying your operations is critical, as carriers rate the General Liability policy differently for Retail vs. Wholesale operations.
Insurance for Bakeries – Business Owners Policies
Depending on your operations, you may want to look into a Business Owners Policy for your Bakery. Business Owners Policies combine the General Liability and Business Personal Property into a single, affordable policy. Business Owners Policies are often the go-to for Bakeries, as there is often a lot of Business Personal Property associated with Bakeries that need to be covered. In addition to saving money by bundling these coverages, most carriers include several additional coverages that can come in handy.
Insurance for Bakeries – Workers Comp
Workers Comp is absolutely critical if you have employees. Regardless of the State you operate from, you should purchase Workers Comp for all of your employees. When purchasing Workers Comp for your Bakery, make sure you go over the employees duties with your Agent/Broker, as you may be eligible to separately classify some of your employees. Remember, in some cases you can obtain a discount by carrying Workers Comp with the same carrier as your General Liability or Business Owners Policy.
If you would like to learn more about the right coverages for your Bakery, give us a call! We are here to help!
You can reach us at 925-297-4829.
All information is general in nature and is intended to provide guidance only. It is up to you to request specific coverage options, the agency and agent do not bear this responsibility. Always read the policy if there is a questions about coverage or a claim. If any information herein should conflict with your actual policy’s specific language, the policy language will be controlling.