Ice Cream Stores
Owning an ice cream store is a reliable and fun way to earn a living. Ice cream is popular with all ages and can sell year round. Ice cream stores have a lot of activity in them, particularly during the busy seasons, and this introduces potential risks to your business. You can protect yourself from unexpected events, risks and hazards by carrying the right types and amounts of small business insurance.
General liability insurance is an all-around, broad level of protection against everyday accidents. It also protects you from potential risks and hazards you may not have thought of previously, and those events that happen rarely such as natural disasters.
General Liability Insurance Includes:
- Premises Liability – Premises liability insurance protects you from financial hardships that can arise when accidents happen at your ice cream store. If a customer hurts themselves by slipping on a wet bathroom floor for example, the premises liability section of your policy will pay for that customer’s medical care or expenses. This protection also covers property damages. If a customer’s vehicle is damaged while it is parked outside your ice cream store, premises liability will pay to have that car repaired.
- Products Liability – Whether your store makes ice cream from scratch or buys it from a distributer, the fact that your store sells and distributes the products can put it at risk for a liability lawsuit. When the products you sell, manufacture or distribute are found to have caused bodily injuries to a customer, your products liability coverage can pay for the medical bills, damages and related litigation expenses or settlements.
- Completed Operations – Completed operations coverage protects your business from lawsuits that might arise due to services you have already rendered. If your ice cream store offers party hosting services for example, or you provide catering-style services, problems can arise after you have completed the services you were contracted for. If customers are found to have been harmed by the operations you completed for them, your completed operations coverage can pay for the cost of damages, repairs, legal defense and settlements.
Business Owners Policy
A business owners policy, or BOP, is a more comprehensive and customizable type of business insurance. This coverage includes general liability insurance along with a number of other types of coverage that is designed to protect you from tangible and intangible losses. Some of the types of coverage you can select under a business owners policy include:
- Buildings and Contents
- Business Income and Extra Expense
- Electronic Data
- Newly Acquired or Constructed Buildings
- Employee Dishonesty Coverage
Business auto insurance protects your ice cream store from suffering the financial losses that arise due to auto accidents. If you or an employee drives any vehicle for business purposes, your auto insurance can pay for the repairs needed to damaged cars. It can also pay for your driver’s and passenger’s medical expenses, pay for the cost of lost equipment and products, and more.
Workers comp insurance is required by law in most states. This is business insurance that protects your ice cream store as well as your employees. If an employee is injured on the job, workers comp coverage will pay for the resulting medical bills and expenses he needs to recover.
Commercial umbrella insurance is coverage that adds to the general liability, business auto and other business insurance policies you carry. If you reach the maximum limits of coverage on an insurance claim, commercial umbrella provides additional coverage to help prevent your ice cream store from having to pick up the balance.