Bakery Business Insurance – Bluewell

Insurance for businesses is a critical component for safeguarding your financial health and longevity when unforeseen events occur. Bakeries often work in high foot traffic environments, with expensive, specialised equipment which the bakery depends on to create goods for sale. At Bluewell Insurance Brokers, we specialise in business insurance and can assist bakeries in establishing appropriate insurance products to cover a wide variety of situations, including equipment insurance, management liability insurance, public liability insurance, or business interruption insurance. Each insurance product responds differently, and for different circumstances, however they all play a role in providing financial stability for bakeries.

• Public Liability Insurance for bakeries aims to cover damage caused to third party property, or physical injury to third parties. This may be in the form of slip and trips customers have at your location, or damage to the property you lease, such as a fire, or oil leak you caused. Public liability insurance assists with defence and legal costs, as well as any settlement or payout amounts from the event.
• Equipment Insurance targets specific items of machinery or equipment that may be critical for the bakery’s operation. This could include ovens, fridges, cool rooms, trays, even the front of house tills or display cabinets. Damage to any equipment can be sudden and leave bakeries with an unexpected expense. Equipment insurance assists with the costs of replacing equipment so you can get back to business.
• Business Interruption Insurance aims to cover ongoing expenses that may be owed when you must close due to an insured event. For example, a small fire may break out meaning you have to close your doors for weeks for repairs, however you still have suppliers, landlords, or even staff costs that pile up. Business interruption insurance assists with these costs until you can start trading again.
• Management liability is a highly recommended product, particularly in hospitality, or industries with higher staff turnover. Management liability policies cover a variety of events, including issues between employees and employers, workplace disputes, civil penalties, theft from employees, and various other workplace related incidents. Covering investigation, defence, and settlement costs.

At Bluewell, we appoint a dedicated account manager to oversee your business insurance so you can have peace of mind your business is appropriately covered, and assistance is available when a claim occurs. Reach out to the team today to discuss your options.