Bagel Shop Insurance
Bagel shops are a type of food service business that typically sells bagels, coffee, and other breakfast items. Like any other business, bagel shops need to have insurance in order to protect themselves from liability in the event of an accident or injury. By choosing the right policy, bagel shops can ensure that they are protected in the event of an unexpected incident.
Bagel Shop Insurance
Running a bagel shop is rewarding. However, various risks and liabilities are involved with the industry. Getting insurance for your business helps to cushion your business in times of trouble. There are various insurance policies to choose from with extra coverage to add on.
Cost of Insurance for a Bagel Shop
The standard price of general liability insurance for a bagel shop depends on the location, size, number of employees, sales, baking equipment used and experience.
Types Insurance for a Bagel Shop
Commercial property
It is an essential coverage for a bagel shop. It ensures your property is covered against fire, theft, vandalism, and natural disasters.
General liability
This policy is the most basic for a bagel shop business. It covers injuries caused by slips and falls. It also covers your business from claims related to property damage and third-party injuries caused to a third party, for example, a customer can trip and fall while inside your shop and sustain injuries. The Policy covers medical expenses and legal fees, should the customer file a lawsuit.
Commercial Auto
It would be best if you carried commercial auto for vehicles used in your bagel shop. Vehicles used to deliver products and pick up supplies are covered if they are involved in an accident. The policy pays to repair and replace the damage caused to the vehicles.
Workers compensation
Workers comp policy pays for injuries that employees sustain well on duty. It’s covers lost wages and medical expenses.
Equipment breakdown
Cooking and baking equipment are essential to your bagel shop operations. Though not common, this policy covers your equipment if they are damaged. The policy pays to have the equipment repaired or replaced.
Spoilage insurance
Yes, it is available and to protect your bagel shop product if they spoil.
Bagels are loved by all young and old alike. As you invest your hard earned money in a bagel shop business, also ensure you protect your investment by consulting a reliable insurance agent to advice on the best coverages for your business.