Insurance for baked goods manufacturers
Focus on creating delicious baked goods, knowing that your business is protected.
As a baked goods manufacturer, you have a lot on your plate. Whether you’re filling orders for restaurants, caterers, or specialty stores, no two days are alike. From keeping track of ingredients and supplies, to making timely deliveries, to ensuring food safety, even a small operation faces big risks. This is where we come in, with comprehensive insurance coverage to help address the unique risks your business faces daily.
Your business is buzzing with activity — you’re ordering supplies, preparing your signature baked goods, and making prompt deliveries to customers. But you’re also tasked with maintaining consistent quality. This can be a challenge with the speedy production of baked goods that require delicate handling, such as pastries, pies, and cupcakes.
There are also a lot of moving parts in a manufacturing operation that can be hard to keep track of, including risks to property and customers. How quickly would your business be able to recover if a fire broke out in your kitchen, or if your delivery van got into an accident? What if a customer claimed they got sick after consuming your red velvet cupcakes? Even if you’re not at fault, legal costs could shut down a small operation.
As a baked goods manufacturer, the most common risks you face may include:
You could be found accountable if a customer slips, trips, and falls on a slick floor while picking up an order at your facility.
Ovens, grills, and other kitchen equipment could spark a fire, especially if there’s grease or oil buildup from machines such as fryers.
If an electrical commercial oven, a refrigerator, or a mixer breaks down, you could be left unable to fulfill customer orders.
If a customer alleges that your baked goods made them sick, the right coverage can help your business recover from the costs of legal action.
A good insurance plan meets your needs and will help support your long-term growth as a business. We offer coverage to protect your business operations. We understand there isn’t a one-size-fits-all solution and offer coverage you can rely on.
Coverage will depend on a number of factors, from the goods you sell and the size of your operation, to the equipment you have on-site, and your annual revenue. For baked goods manufacturers, the following are coverage options you may want to consider.
This coverage is designed to protect you from situations where you are responsible for causing bodily injury or property damage to a third party, such as a customer or a supplier who is dropping off ingredients to your business premises.
This would cover your building, equipment, inventory, and supplies in the event of damages caused by an insured loss. A fire breaking out in your kitchen and causing damages or a theft of equipment, inventory or supplies on your premises would be examples of insured losses.
You may have one vehicle or a whole fleet of them to help with the delivery of your baked goods. Coverage may be available that can provide you with a replacement car in case you need to rent one temporarily after an accident, so you can continue running your operations.
This is often included in your CGL coverage, but not always. If a customer alleges that one of your products made them sick or caused a bodily injury, this coverage may help protect you from any ensuing legal claims.
You rely on your kitchen equipment to get the job done. If your equipment suddenly and accidentally breaks down due to a mechanical malfunction, this coverage may provide funds to repair or replace the equipment.
In the event of an unexpected insured loss such as a fire, your facility may have to temporarily shut down. This coverage can help with your loss of business income, so you can keep paying any normal operating expenses that are incurred during this time period and focus on getting ready to re-open.
You may not think you need cyber risk insurance, but if you store customer information or use computers of any kind, it can be useful. For instance, if you sell your baked goods through an online store or process credit card transactions, consider this coverage to protect you from e-commerce threats and data breaches.
Crime can occur when you least expect it, no matter how prepared you may be. This coverage can help protect you from employee dishonesty or theft of money from inside or outside your premises.