Bakery Insurance

Whether you own a small cafe selling breads and sweets or are a large, multi-location bakery and food chain, Tomins is here to help you run your business better.

Insurance is a critical part of doing business as a baker. Tomins’ deep understanding of the special needs of a bakery business enables us to provide the perfect insurance policy for your specific situation. From general liability to commercial property insurance — and everything in-between — Tomins is the perfect insurance partner for your bakery.

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Do I Need Bakery Insurance?

Having the right insurance is one of the most important keys to success in today’s fast-paced business environment. That’s especially true for bakeries and baked-good shops.

In addition to the daily job-related risks and legal liabilities that you’re certainly aware of, you may be surprised to learn about many other risks involved as a bakery — risks that go far beyond those covered by a standard bakery insurance policy.

From a customer’s allergic reaction (maybe resulting from employee negligence) to a slip and fall on the sidewalk outside your storefront, the threats you face as a bakery owner are too widespread to ignore. You need coverage from an insurance partner that knows your business like you do.

Bakery insurance from Tomins is designed with you in mind. We can help protect you from the risks you’re aware of, and leverage the deep knowledge base at Higginbotham to keep you informed of risks you may not have thought about.

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What Bakery Coverages Do I Need?

Whether you’re a small home bakery or a large bakery chain, you should consider investing in a business owners policy (BOP). Much like homeowners insurance protects a homeowner’s house and possessions, a BOP can cover the cost of replacing a business owner’s buildings, property, and other assets in the event of a loss.

A bakery BOP  typically consists of three fundamental coverages:

  1. Bakery General Liability Insurance: General liability (GL) insurance is an important coverage for all small businesses to carry, including bakeries. General liability insurance can help cover the costs of damages from lawsuits filed due to injuries or property damage sustained as a result of your business operation.
  2. Commercial Property Insurance for Bakeries: Commercial property insurance can help pay to replace or repair your bakery’s  property, store, and equipment in the aftermath of a covered loss.
  3. Business Income Insurance for Bakeries [LINK TBD]: This bakery insurance coverage can protect you from a loss of income resulting from an interruption of your business operations.

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You May Also Need Additional Coverage

Depending the unique circumstances of your business, you may want to consider carrying some additional coverages for your bakery. Some other important coverages for consideration include:

  • Employment Practices Liability (EPLI): EPLI can protect your bakery against legal damages, court costs, and other expenses related to improper termination or hiring, sexual harassment, and workplace discrimination.
  • Workers’ Compensation Coverage: This is very important to consider if you hire employees. Workers’ comp coverage can protect your bakery against legal liability for workplace injuries, along with helping with the cost of wage replacement, medical bills, and other expenses related to an injured employee.
  • Cyber Liability Coverage: Designed to help protect your bakery business against the potentially devastating costs of a cyber attack, this coverage can cover costs of data loss and subsequent restoration, legal settlements, and attempts at extortion.
  • Commercial Umbrella: Extra coverage to protect your bakery (or bakeries) beyond the general aggregate limits of your standard insurance coverage.
  • Commercial Auto: If your bakery delivers baked goods with a company-owned truck, van, or other commercial vehicle, you should look into adding commercial auto coverage to your policy. This coverage can offer similar protections to your personal auto insurance to vehicles used for business purposes.

Why You Need a Tailored Bakery Insurance Policy

In addition, Tomins Bakery Insurance offers fully customizable coverage for any individual situation. Our specialized bakery insurance policies can also include:

  • Limited Care, Custody, or Control Property Coverage
  • Important Record and Document Coverage
  • Employee Benefits Liability Coverage
  • Professional Liability (E&O)

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What Does Bakery Insurance Cost?

Insurance is an essential part of doing business as a bakery owner. But if you think about the massive financial losses you could suffer from an uncovered incident, the cost of insurance premiums typically pale in comparison. 

While bakery insurance coverage costs can vary considerably, the following table serves as a good guide for the coverage costs you should expect for the average situation:

Insurance Type Average Cost
Commercial General Liability $500 to $700
Workers’ Compensation $1 to $2 per $100 in payroll
Commercial Property Insurance $750 to $1,000
Cyber Liability Insurance $1,000 to $7,500
Business Interruption Usually included in BOP
Commercial Umbrella Insurance $400

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What Do I Need to Get a Bakery Insurance Quote?

At Tomins, we are in the business of making bakery insurance easy. Start your free personalized insurance quote now on our online quote page. To make sure we can provide the most accurate and competitive quote possible, it helps to make sure you have the following information available when you apply:

  • Business address and tax ID 
  • Income for your most recently completed fiscal year 
  • Number of employees you currently employ
  • Information about other insurance you currently hold
  • Volume, nature, and storage method tenant or client data  
  • Proof of professional licensing and other relevant certifications or permits  
  • History of past claims (at least three years) 

Take the time to make sure all of this information is up to date and accurate. It’s the best way to ensure that we can provide you with the best quote possible.

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