14 Jul Insurance for Smoothie Shops
Insurance for Smoothie Shops
Smoothie Shops, like most businesses have unique Insurance needs. Looking for the right coverages may seem overwhelming, which is why we wrote this blog. This blog will go over some of the most important coverages you need for your Smoothie Shop.
Insurance for Smoothie Shops – General Liability and BOP’s
General Liability is a critically important coverage that every Smoothie Shop should carry in order to protect the business. General Liability is especially important because it can provide coverage to customers that may fall or be injured on your premises. For most Smoothie Shops, the recommend route of purchasing General Liability is with a Business Owners Policy, often referred to as a BOP. BOP’s are great because they combine the General Liability and Business Personal Property into a single, affordable policy. In some cases you can purchase a BOP for just $500 a year.
Insurance for Smoothie Shops – BPP and Business Income
BPP, which is short for Business Personal Property, can provide coverage for your furniture, POS systems, smoothie preparation equipment, and more. This coverage is very affordable and as mentioned above, can often be bundled with your General Liability. When you purchase Business Personal Property, you can often purchase a coverage called Business Income. Business Income coverage can provide coverage for lost wages as a result of a covered property loss. That’s right, with this coverage you can get paid if you are out of business as a result of a property claim!
Insurance for Smoothie Shops – Workers Comp
Lastly, Workers Comp is a very important coverage for any Smoothie Shop that has employees. Workers Comp is not required in every state, but businesses can still be held liable for employee injuries regardless of state requirements. With that said, regardless of your location, you should carry Workers Comp if you have employees. There are dozens of carriers available to purchase Workers Comp from, and in many cases you can obtain discounts on your General Liability or BOP by carrying a Workers Comp policy.
If you would like to learn more about Insurance for your Smoothie Shop, give us a call 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.