It may be an understatement to say that running a food business doesn’t come without any challenges. As a business owner, you don’t have to be burdened by spoiled food caused by a damage in your walk-in refrigerator or a customer filing a lawsuit for slipping on your restaurant’s wet floor. You need to have the appropriate insurance coverage to help you address these specific unfortunate scenarios.
There are different types of insurance that you can explore if you are running a food business. A food service insurance coverage can cover a lot of ground such as food spoilage, mechanical breakdown, employee theft, as well as a general liability protection to name a few. This is in addition to the standard business owner’s policy that covers business property, general liability, as well as business interruption coverages.
These are all important, particularly if you are running any of the establishments listed below that require a food insurance.
Coffee Shops
If you are running a coffee shop, it will help if your food service insurance provides a mechanical breakdown coverage. This will help you cover the cost of repairs for your equipment in brewing your coffee or preparing your coffee grounds.
Bakeries
If you have a bakery, a food spoilage insurance protection will definitely come in handy. There are certain types of freshly baked breads that tend to easily spoil. This insurance coverage will help you cover the cost of replacing spoiled foods.
Food Trucks
A business auto and liability coverage is a necessary top up to your business owner’s policy if you are running a food truck. This is also true if you are running a food business that utilizes numerous company owned vehicles used for delivery. This insurance coverage will help pay for any claims that may be caused by an accident encountered by your employee while driving the company vehicle.
Catering Services
Every business owner has an objective of growing their business to scale and this is where a worker’s compensation insurance will come in handy. As your business grows, you will have to employ more people to help you run it. As such, you need to have the proper insurance coverage to also protect the people who work for you and help you run your business.
Vineyards
You need to expand your business owner’s policy to include winery property endorsements if you are running wineries and vineyards. This will ensure that you have the proper protection when it comes to the processes involved in wine making.
To wrap things up, if you are running a coffee shop, a bakery, a food truck, a catering service, a cafeteria, a smoothie shop, or even a vineyard, then you definitely need food service insurance coverage. This would be on top of your business owner’s policy that already covers your business property and general liability. Having the ample insurance coverage for your food business will protect you from the unforeseen financial burden caused by unfortunate circumstances that may have a significant impact on the assets of your business.
