How does insurance for bakeries work?
Get hassle free cover for your bakery in minutes
Our baker shop insurance has been designed with bakeries in mind. Giving bakeries access to the core and add on policies covers they need to protect and grow there bakery business. The last thing you want to worry about if you own or manage a bakery is the risks of the job. As with any shop, there’s always the chance that your baking making utensils become damaged or stolen, that your kitchen gets damaged or you face the risk of loss. There’s even the chance that an employee or member of the public is injured or worse due to your work leaving you facing an expensive claim.
Working in a profession which uses heat and sharp utensils undoubtedly exposes you, your employees and your customers to certain risks. That’s why it’s important to manage them with a tailored bakery insurance policy and keep your business safe.
At The Insurance Octopus, our comprehensive and tailored business insurance policies are designed to be flexible, giving you the opportunity to create a bespoke bakery insurance package ensuring that all of the essential cover you’ll need is in one, simple business insurance policy.
What your bakery shop insurance policy includes
Public Liability insurance
Public Liability insurance is available with various levels of cover ranging from £1m, £2m, and £5m. Public Liability insurance is important as it helps to protect you if a member of the public gets hurt or injured whilst on your premises.
Product liability insurance for bakeries
An important cover for bakeries as you sell goods which your customers, or your supplier’s customers will ultimately eat. Product liability insurance protects your business in the event of a claim caused due to your goods injuring or harming a third party; consider risks such as food poisoning or allergic reactions.
Employers Liability insurance
Employers’ liability insurance is a legal obligation to have if you employ permanent or temporary members of staff. As an employer it is a legal responsibility to ensure that you have provided safe and secure surroundings for your employees.
Contents and Stock insurance for bakeries
Contents and Stock cover can protect the loss of stock, customer goods, staff and customers’ personal effects, fixtures and fittings, computer and electronic business equipment, and helps to enable you to replace all the above in the event of a claim. This an important cover to consider if you own a bakery to ensure your business can stay operational in the event that something goes wrong.
Business Interruption, Cash on Premises, and Goods in Transit
Business Interruption, Cash on Premises, and Goods in Transit are further add-ons that can be increased or decreased as required making sure your insurance is just what you need.
Why you need bakery insurance
The joys of being a bakery owner can be overshadowed by the risks that owning a business can give rise to, which is why a comprehensive insurance policy is key. From malicious damage to theft of stock by burglary or theft of monies by an employee, many risks factors need to be considered when looking for a comprehensive bakery insurance policy that covers your baking business. Insurance in the form of Bakery Insurance can also protect you against compensation claims and legal expenses. Even if you win a case, legal fees can be considerable so it is important for your financial success that you are covered.
You may also need to consider Public, Product and Employers liability insurance to ensure your business is protected from financial loss and remains profitable come what may.
Choosing the right insurance package that suits your business and any additional items you may require should be simple and easy, that’s why The Insurance Octopus will endeavour to put a policy together for you quickly to get you covered as soon as possible.
Specialists insurance provider
One of our bakery insurance experts will discuss your business requirements with you and look to compare quotes from major UK insurance providers ensuring that you get a bespoke policy with the cover you need at the right price. Our tailored cover allows us to add the covers you need at competitive prices.
Cover arranged same day
In most cases, we can provide you with your business insurance and documents on the same day (subject to time of day restrictions), offering a range of flexible payment options, including Direct Debit. Get in touch with us today for more information.
Why choose The Insurance Octopus to insure your bakery?
We proudly make buying insurance different and our cover comes with a range of benefits.
Up to £5 million of cover
Claims can be expensive, that’s why we offer up to £5 million worth of public liability cover for shops. With more available upon request.
Fast specific cover
To help save you both time and money. We compare prices from a range of different insurers so you don’t have to.
An expert who knows your industry
We'll connect you with an agent who is an expert in your field. They understand many of the challenges you face, and can truly get to grips with the type of cover you need.
Easy claims process
Accidents can happen, so when something does go wrong you can rest easy knowing our team is on hand to make the claims process as quick and stress free as possible.
Octopus customer rewards
We pride ourselves on the value we offer our customers, and with Octopus Customer rewards we give our customers a few additional benefits to their insurance such as discounts and offers to save them money.
No mid term fees, ever
We don’t charge any mid-term fees at all during the life of your policy – so there are no hidden fees following any changes you might need to make.
Bakery Shop Insurance FAQ's
Get the answers you're looking for
Am I covered for home baking?
If you run your baking business from home, then yes, you can be completely covered by your insurance. Many self-employed businesses do start out working from home or continue to do so for their working lives, our insurance provides them with great cover for their own kitchen, office or other room in their own house. As with any business, insurance is an essential requirement to help protect your livelihood against sudden costs that may arise as a result of a claim.
Can I get cover for baked goods in transit?
Our bakery insurance policy includes Goods in Transit insurance as an optional extra when choosing a policy that’s right for your business. Having the cover means that even when you’re taking your freshly made cakes, baked breads or other products from A to B, your stock will be covered should an incident occur. This insurance is perfect for those who transport important items like wedding cakes or food for events.
Do I need product liability cover?
As a baker you’ll no doubt wish to protect yourself from claims arising from the food products you sell. While not a legal requirement product liability will protect you from claims arising from food poisoning, allergic reactions and any injury or bodily harm that your products might cause.
How it works
Examples of Bakery Insurance in action
A £20,000 cake mistake
A customer at the bakery has been taken to hospital with a broken wrist after slipping on a cake that a previous customer had dropped on the floor. This customer then starts legal proceeding against the bakery, claiming for compensation as well as legal costs and medical fees. As the bakery has public liability insurance in place for incidents such as these, the cost of legal fees and the claim was completely covered.