Baking and insurance have a lot in common. Both take skill, the right ingredients, and patience. We specialize in helping bakeries with their insurance and risk management.
Our skilled professionals understand the unique challenges of bakeries, and because we specialize in this area, we have access to insurance products and programs many other insurance agencies do not. We have the right ingredients – insurance from top rated companies. We have the patience to make sure the mix is right, and we create a customized program that is the perfect fit for your bakery.
The insurance policy is only the beginning. Or team is dedicated to outstanding personalized and professional service. In the event of a claim, we are there for you, acting as your advocate to help ensure the claim is settled to your satisfaction.
Here are some things to consider when looking at insurance and risk management for your business:
Insurance for bakeries and food processing businesses generally falls into three categories:
- Property insurance on buildings, inventory, and equipment.
- Liability coverage for the premises and baked or processed goods. (This is often referred to as professional and general liability).
- Workers compensation provides protection for workplace injuries.
In addition to these base coverages, there are other coverages a bakery should consider.
Commercial Auto - if your business has any autos or other vehicles, you will need to have commercial auto coverage.
Crime - The leading exposure for bakeries and food operations is employee theft and dishonesty – especially if your bakery has a retail operation.
Excess and Umbrella – If something goes horribly wrong and your product is tainted, it can cause a tremendous liability problem. This broad range coverage dovetails with your liability insurance to add an additional layer of protection.
Inland Marine – This provides coverage for finished product sent to customers in transit. Important to note is this is an important coverage even if you use third party transportation services for delivery, as this provides an additional layer of coverage beyond what the transportation company may provide.
Surety Coverages – Bakeries and food processors which have government contracts are required to provide a contract-performance of service or supply bond. In addition, other bonds may be required, depending on the actual goods, as part of the contract.
Properly setting up an insurance and risk management program takes time. It has many layers, and just like creating a beautiful wedding cake or other incredible pastry creation, it is part art and part science. That is the same way we approach insurance for bakeries; taking the time to create a solution that is just perfect for the occasion.
Contact us to find out how we can help your bakery with all of your protection needs.