Do I need bakery insurance?
Bakeries can present a high risk working environment for all those involved from staff to clients to suppliers, meaning bakery insurance is essential. Without the correct cover in place, your livelihood may be open to claims that could jeopardise your future ability to trade. Having the right insurance can let you focus on the job in hand and work without worry.
Retail bakeries and bakery shops can be exposed to a variety of hazards, from fires and floods to slips trips and falls, meaning there are a number of considerations to take into account when arranging your bakery insurance.
We are committed to finding you the right insurance for your business. We have many years’ experience sourcing insurance for bakeries, so whether you’re baking at the premises and selling your produce from an adjoined shop or café, specialising in cake making, or selling goods that have been baked elsewhere; we can arrange a bakers insurance policy that is tailored to your business needs. As careful as you may be, accidents do happen, and that’s where we can help to protect your business.
Property insurance for bakeries
Your premises and equipment are pivotal to the running of your business. If you own the building you work from, this can be included within your insurance policy, as well as all your contents, equipment and stock. Typically, they can be protected against a number of perils, from weather events, to impact damage, to fire and theft and much more.
Business interruption insurance for bakeries
Business Interruption can cover your gross profit and fixed expenses if you suffer damage at your premises meaning you are unable to trade. This can help to tide you over until you are back up and running, and may help you trade temporarily from another location while you get back on your feet. This means if you have a fire at the building and this stops you from trading temporarily, you shouldn’t be out of pocket, and your gross income and fixed expenses would typically be covered.
Liability insurance for bakeries
Liability cover should also be a fundamental part of your bakery insurance, to protect you should anything happen to your customers, staff and suppliers such as accidental injuries that may occur at your premises. As careful as you may be, accidents do happen, so having the right bakers insurance in place to protect your livelihood is essential.
Employers' liability insurance will typically safeguard your finances should the worst happen to your employees, so if they accidentally burn themselves in the bakery any awards for damages and legal costs should be taken care of by your insurance. Similarly, if a member of the public slipped over and sustained an injury, your public liability insurance can cover any costs and compensation awarded as a result.
Home based bakery insurance
If you bake goods from your home you may also require home business insurance as most home insurance policies exclude business activities. If you are unsure about your insurance requirements, our insurance advisors are on hand to provide advice and recommendations.
Compare bakers insurance
We appreciate that running your own bakers business can be time consuming, and finding the right insurance for your business can sometimes be a challenge. We make arranging your insurance straightforward. If you are running a confectionery shop or bakery, whether you are baking or not, we can arrange the right insurance policy to protect your business and livelihood. Our knowledgeable business insurance advisors are on hand to discuss your requirements and arrange the right insurance for your business.