Regardless of whether you are a small café, or a tea shop, a large coffee shop chain, or a coffee shop franchise; serving the public is at the forefront of your business, so it is important to protect both your business, your employees, and your customers with Coffee Shop Insurance.
Every customer or employee that enters your coffee shop is your responsibility and therefore you can be held liable for any accidents or damage that occur on the premises. Public and Product Liability are the bread-and-butter of business insurance policies and provide cover for any compensation or legal fees that arise from claims of accidental damage or injury to a person or their belongings.
Employers’ Liability is a legal requirement if you employ anyone. Many standard policies include Contents Cover, a type of equipment insurance that protects everything from tables and chairs to espresso machines. As these machines are the key to your business, it is important to take out the right amount of insurance in case it is damaged or destroyed, so you can quickly repair it or get a replacement and carry on trading. Key covers include (But not Limited to):
Your broker may advise you to add Stock Insurance to your cover, as it protects your products and raw materials if they are lost, stolen, or damaged. Say your fridge shuts down overnight, causing all the products to be unsalvageable, Stock Insurance covers the cost of replacement for the items affected.
Other common policies you can add include Personal Accident and Business Interruption which cover any bills that might accrue if you are out of work due to an injury or your business must close for an extended time. Similarly, Legal Expenses covers you for any legal fees that you might face if a claim does end up in court.
Finally, Building Insurance covers the cost of repairing or rebuilding the structure of the coffee shop, including damage to fixtures, fittings, and underground pipes or cables. If you have built additional structures, you require tenants’ improvements cover. Shop front cover is also available and specifically covers the exterior of your premises against damage or destruction.
Additional considerations should be Money Cover and Legal Expense Cover.
The types of insurance and their covers are as varied as the types of coffee, so it is important to make sure you have appropriate cover for your business needs. Whether you are a small coffee truck or a large shop in the city center, our specialist brokers have years of experience dealing with businesses’ unique requirements. Get in contact today for more information.
Looking to cover your business but not finding the industry you’re looking for?
Take a look at all the industry sectors we serve below.