When you also have equipment or operate from an office
All Basic plan benefits and:
Get protected against employment-related issues
All Standard plan benefits and:
*plus Workers Compensation
Business Owners Policy (BOP) combines all necessary coverage to help minimize your concern. The insurance typically offers protection from liability claims and property damage. BOP allows you to cover all the bases and save on monthly expenses as you don't have to purchase individual policies for each coverage.
Workers' Compensation is a state-mandated insurance that will provide wage replacement, medical and rehabilitation benefits to employees injured or ill due to their job. The insurance then relinquishes your employees from filing a claim of employer negligence against your business.
Equipment Breakdown protects your mechanical, electrical and computer equipment from unexpected breakdowns. It covers the cost to repair or replace the damaged equipment, the income that your business should have earned had the equipment been fully functional, spoiled inventory, and the expenses during the restoration period.
Food poisoning rarely occurs in your business, but when it does your business will survive with Product Liability insurance. This insurance policy is designed to protect your business against claims of personal injury caused by the products you sold and supplied to your customers. It is designed so that when such an event happens, you don't have to pay for any legal or court costs.
This industry consists of businesses that sell baked goods.
Any business is prone to a lot of risks - risks that when it happened can cost your business thousands or even millions of dollars. These risks are usually in a form of liability claims, personal injury, property damage or collision, and without insurance you'll have to pay for these out of your business finances. Insurance will make sure that your bakery will survive for the next day when an unforeseen event occurs.
There are a number of potential risks faced by bakeries. Customers entering your shop could slip be injured. Your bakery can be held liable, especially if it is proven that the spill that you didn't clean caused them to slip. As a baker, food poisoning could easily destroy your business. Although rare, food poisoning could stack up legal bills high enough to put you out of business. If you are invited to a special event or festival, your commercial vehicle can be in an accident, and your driver may be at fault. Costs of the other driver's vehicle damage and medical bills are immense and without insurance, your business can instantly go bankrupt.
The cost of insurance policies varies on your business size, location, services offered, revenue and many other factors. However, the rough estimates below will help you get an idea of how insurance policies might fit into your budget.
These are rough estimates, so if you want to find out what insurances you need for your business and how much it costs, please talk to our customer service representatives.
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