Bakery Insurance: Coverages you need to protect your buns

Donuts and muffins and breads – oh my!

Who doesn’t love the smell of freshly baked pastries? While the smell is enough to make customers hungry, having the right insurance coverage is also important in protecting your business.

Before you bake your heart away, take a look at these bakery insurance coverages to help protect your investment.

1. Businessowners policy

A businessowners policy, also known as a BOP, is made specifically for small businesses. A BOP can be adjusted to fit your business, but it typically consists of coverage including property, liability, business income and crime.

With PremierPro from UFG Insurance, your bakery may be  covered with all the protection above as well as additional coverage including equipment breakdown, employee dishonesty, money and securities and water backup/sump overflow.

2. Workers compensation

From hot ovens and sharp equipment blades, slick floors and heavy boxes, bakers can be at high risk for any type of injury. While we hope that no employee gets hurt on the job, being covered with workers compensation helps create a sound insurance coverage plan for your business. UFG’s workers compensation insurance can help to cover medical care, lost wages, transportation expenses for appointments and rehab for injuries.

Related read: Top 3 small business insurance mistakes to avoid.

3. Commercial auto

Picture this: It’s the first snowfall of the year and the roads are slick. You were hired to cater a baby shower but get into a small fender bender on the way to the event. Accidents happen, so it is important to make sure you are protected. If your bakery caters or delivers products, you may need commercial auto insurance. Speak with your local UFG agent today to learn more.

4. Inland marine

In addition to commercial auto, inland marine insurance is also something that could be beneficial to your bakery. Inland marine insurance covers items or property that is already insured. Let’s go back to the car accident example from above. If there were damages to the baking equipment in your backseat, inland marine coverage might be able to cover that property.

Insurance policies can be overwhelming, but UFG is here to help. Find a UFG agent to learn more about what you can do to protect your bakery. Now, go bake a leg!