General liability insurance is a comprehensive package that helps protect your bakery against unforeseen events. It covers potential hazards and risks that are not specifically excluded in your business insurance policy.
General liability is extremely important for bakeries because you have so many customers going through your doors each day. If a customer injures themselves while on your premises, general liability will cover it. If a customer’s property is harmed in some way while they are at your business, general liability will cover that as well.
General liability protects your bakery if a customer is harmed or injured by the products you sell as well. It also covers you if previous services you provided are found to have harmed a customer in some way.
Business Owners Policy (Bop)
A business owners policy (BOP) is designed specifically for small businesses such as your bakery. It is a commercial insurance policy that offers combined coverage. It includes general liability, and adds property protection and intangible asset losses.
A BOP protects the buildings and structures of your business plus the contents inside. BOP protects you from financial losses caused by natural disasters that destroy your bakery building for example. It also protects the specialized baking tools and equipment you have inside.
BOP can protect you from the loss of income as well. If a fire destroys the income in your cash register, BOP will replace it. If you are unable to continue with standard business operations while waiting for your bakery to be repaired, the loss of that income is covered as well.