What is bakery insurance?
Bakery insurance is a carefully selected portfolio of cover that protects you and your business from those unexpected bumps in the road. That could be anything from a broken oven or ruined stock to an injury claim made by a staff member.
Park Insurance is always willing to rise to the challenge when it comes to bespoke bakery business insurance. We've been helping businesses in the food industry for over 30 years, and we know the recipe for the perfect insurance policy.
Why does a baker need insurance?
Bakery insurance is designed to provide you with a financial safety net if things go wrong. For example, if your oven breaks down, your business comes to a stop. While you're getting that oven repaired, loss of income insurance can ensure the money keeps coming in to pay the bills and keep you afloat.
If a customer slips and falls in your shop, they may be entitled to file a compensation claim. Bakery public liability insurance ensures that your policy, not your pocket, covers any financial payouts.
And if that expensive wedding cake is damaged on the way to the big reception, goods in transit cover could help protect you against the financial fallout.
Types of insurance to consider
At Park, we know there's never a one-size-fits-all solution. We have compiled a portfolio of policies that cover you and your business. At the top of the list is public liability bakery insurance to protect you against compensation claims for injury or damage. You need to protect your premises with a robust business premises and contents cover. If you employ anyone, even part-time or a family member, you have a legal requirement to have full Employers' Liability insurance.
Product liability is included to deal with claims for illness or injuries attributable to people eating or receiving your products, as well as protection against injury claims that arise from your packaging or burns if you serve hot baked goods.
What's covered
Your equipment, contents, fixtures and fittings can all be covered, giving you peace of mind. Public liability bakery insurance also covers you as an individual or business against legal and compensation claims costs. We also recommend business interruption cover, loss of earnings, and specialist motor insurance.
How much does bakery insurance cost?
Compared to the cost of not having insurance in place for your business, cover is very affordable, even for small businesses and sole traders. With our help and advice, you can choose your own level of public and product liability cover and stock and contents coverage.
FAQs
Do I need bakery insurance if I'm operating my business from home?
Yes, as with ordinary home contents insurance, it will not cover you for business operations from your home. We strongly advise you to obtain the right home bakery liability insurance to protect yourself, your finances, and your business.
Do I need to get business insurance straight away?
It's wise to have your insurance in place before starting your business so you're covered from day one. Initially, you may not need every type of home baking insurance, but you can add to your portfolio as your business grows.
How much insurance do I need?
Adequate Public Liability Insurance usually provides up to £5 million, although you can get higher levels of coverage depending on your needs.
Why choose Park Insurance?
For over 30 years, Park Insurance has been partnering with and supporting small businesses across the region. Trusted by thousands of clients, our preferred broker status also means we have the contacts to find the right insurance policy.
Contact us now for an informal, no-obligation chat, or use our online form to get your bespoke quote.