Bakery insurance shields the business from potential risks and liabilities that both employees and customers may face in case of an injury like a fall or from eating spoiled or contaminated bread, cookies, donuts, or other products.
Baker’s insurance also protects business property including the building it's located in, and equipment and machinery such as refrigerators, freezers, ovens, and display cases from damage from fire, vandalism, and weather events like wind and rainstorms.
Bakery insurance protects the business when equipment breaks down and slows production, or if it’s forced to temporarily close due to a health crisis like a pandemic, fires, weather, or due to vandalism. This loss-of-income coverage can help pay the mortgage, utilities, and other monthly bills until things get better.
In reality, bakeries—like other businesses—need general business insurance, liability protection, and inland marine insurance to cover transporting products and equipment from one location to another or storing them off-site. Cafes, bars, donut shops, and fast-food sites need similar insurance, and much of what is needed is included in what is called a business owners policy (BOP).
So if you are an aspiring baker opening your new business, contact Koch Insurance Group for the best update on what type of insurance coverage you need to get you started. And if your business has been around for a while, still contact them for better coverage.