Pie Shop Insurance

A Guide to Pie Shop Insurance

What kinds of coverage are best to protect your business?

High angle photograph of a lattice fruit pie. Find pie shop insurance.

Pie shops are part of the commercial bakery industry. This industry includes establishments primarily engaged in manufacturing fresh and frozen bread and bread-type rolls and other fresh bakery products. In this case, these commercial bakeries specialize in baking fresh pies and distributing them through retailers, restaurants, and other establishments.

Pie shops need business insurance to protect them from the many costly problems that can arise. Whether it is dangers to the general public or your employees, or unforeseen events like fires, storms, and theft, you need the right combination of coverage that addresses whatever losses you might be exposed to.

An independent insurance agent will get to know you and your business. Your agent can work with multiple reputable companies who specialize finding pie shop insurance.                                   

Why Do You Need Pie Shop Insurance?

Everywhere you turn in your pie shop, there are risks present that can destroy your property, contaminate your product, and cost you time and money that you likely can’t afford.

Pie shop insurance is your first line of defense in these situations. It can help you in these ways.

  • It can help you pay for repairing or replacing damaged property
  • It can help you cover expenses during a temporary closure
  • It can help you pay for defense costs and damages if you are sued

Pie shop insurance is essential for keeping your business protected in the long term.

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Pie Shop Insurance for Lawsuits and Product Recalls

Pie shops are vulnerable to lawsuits related to products that are contaminated or determined to be harmful in some way. What’s more, if a product is contaminated, mislabeled, or determined to be unsafe, it may have to be recalled—a costly and damaging process that may haunt your company for years.

The right pie shop insurance can protect your business from these kinds of claims, and especially if you’re sued.

  • Commercial general liability insurance: This is necessary for occasions in which your business is careless and causes bodily injury or property damage. It provides coverage if someone is injured on your premises (if you have a storefront), as well as claims of advertising or copyright infringement, libel, slander, and false advertising. It would respond to claims of mislabeling (e.g., a “gluten free” product actually contains gluten), making false health claims (e.g., “low fat bakery can help you lose weight”), or when a person is injured at or because of your business.
  • Product liability insurance: Covers your financial responsibility for losses or injuries to a user, buyer, or bystander caused by a defect or malfunction of your product. If you are sued because a tainted pie makes someone sick, you may be required to pay for medical costs, compensatory damages, economic damages, attorney fees, and court costs, and more.
  • Product recall insurance: Covers the costs associated with a product recall. If a product is contaminated and must be removed from the market, your product recall insurance will cover product removal and disposal costs, loss of profit, product replacement, and public relations and communications costs.

An independent insurance agent can help you customized these policies for your unique needs.

How to Protect Your Commercial Property

Commercial property insurance helps protect your pie shop (your building) and its contents, (e.g., commercial ovens, mixers, cutting machines, ovens, office furniture, cooling racks, etc.) in the event of fire, weather events, theft, vandalism, and other covered perils.

In addition, you may need various other types of property coverage.

  • Business interruption coverage: Protects your earnings if your business is unable to operate because of a covered property loss. If you are forced to close your doors for a period of time in order to make repairs after a fire, it pays for expenses such as rent, employee salaries, lost income, relocation fees, and more.
  • Utility interruption coverage: Reimburses you for costs related to breakdowns in utility services (water, electrical) that force you to temporarily stop production.
  • Equipment breakdown coverage: Helps you repair or replace damaged baking equipment that is essential to keeping your pie shop up and running.
  • Cargo and goods-in-transit coverage, including ocean marine coverage and/or inland marine coverage: Protects your products as they are transported from place to place.
  • Spoilage coverage: Offers financial protection for the costs of goods that spoil onsite.
  • Additional flood, windstorm, or earthquake coverage: May be necessary to protect your business property, depending upon your location.

It’s essential to get the pie shop insurance that best protects your commercial property from unexpected events.

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Do You Need Any Other Types of Pie Shop Insurance?

You may need additional pie shop insurance to fully cover your risks:

  • Commercial auto coverage: This is necessary to protect your delivery vehicles and drivers. It provides liability protection for your business if one of your drivers is responsible for an accident. You can also purchase coverage that helps you pay to repair or replace your own vehicles if they’re damaged in an accident or by some other type of event (e.g., a fallen tree, hail, etc.).
  • Commercial umbrella coverage: Provides liability protection above and beyond the liability coverage included in a commercial general liability and business auto policy. A commercial umbrella policy would pay when your other liability coverage has been exhausted.

These and any other pie shop insurance policies can be tailored for the unique risks that you face.

Why Do You Need Workers’ Compensation Insurance?

In addition to teaching employees how to safely operate your commercial baking equipment and to always follow safety procedures, you must provide workers’ compensation insurance.

Workers’ compensation insurance protects you and your employees from the costs of workplaces injuries and illnesses. It pays for medical bills and lost wages if someone is injured on the job, regardless of who is at fault.

Workers’ compensation insurance is required for most employers. Specific workers’ compensation requirements are determined by your state’s workers’ compensation laws.

How Much Does Pie Shop Insurance Cost?

The cost of pie shop insurance depends on several factors, including the size of your business and the types of policies you need to cover your risks. Here are some other variables that can impact the cost of your business insurance.

  • Number of employees
  • The value of your equipment and other commercial property
  • Size and location of your building
  • Volume and geographical distribution of your products

Your agent can help you find the right coverage that meets your needs and budget.

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Benefits of an Independent Agent

An independent insurance agent who has experience working with pie shops and other similar businesses can help you decide the types and amounts of coverage that you need for your business. The choices you make will determine your cost of coverage.

Independent agents can work with numerous, reputable insurance companies who specialize in your type of business. Together you can review a variety of proposals and choose the best mix of coverage that meets your needs and budget.

What’s more, your agent will be there for you when claim time comes. They know the ins and outs of the process and will make sure your claim is handled appropriately.

Find and Compare Quotes for Pie Shop Insurance

Instead of getting an online quote, find an independent insurance agent now, and get one-on-one consultation and affordable options for the best coverage for your unique needs.

Your agent will work with you free of charge to get quotes from multiple insurance companies so you can make the best choice.

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TrustedChoice.com Article | Reviewed by Paul Martin

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