Juice Bar Insurance
Juice has steadily risen in popularity, thanks to the many health benefits of juicing. Accordingly, juice bars have become more popular, with a growth rate of nearly 3% per year. It’s no wonder it’s now a $2 billion industry. Whether you have a juice bar already or have plans to open one soon, it’s time to get juice bar insurance for your business. Here is the coverage you will need in your policy.
General Liability for Juice Bars
Owning a juice bar means you get customers coming to your place of business all day, every day. When so many people come and go, there’s a chance one or more will somehow be injured while on your property. They might slip on some spilled juice on the floor, or they could trip over a mop that was left on the ground. Regardless of how they are injured, you need to make sure you can pay for legal costs in case you are sued after a customer is injured. This is why you need general liability when you buy juice bar insurance.
This coverage type can also pay for legal expenses when another business accuses you of slander or libel. It will even cover you if you are accused of copying the website or advertising content from a competitor. Even if you plan to be careful about avoiding copyright infringement, you never know when a business will make accusations, requiring you to defend yourself so you do not lose your company.
Business Owners (BOP)
You need a business owner’s policy, or BOP, as part of your juice bar insurance because this coverage protects several aspects of your business. One of the most important parts of this policy is the business personal property coverage, which means if your juicing equipment or any furniture in the building is stolen or damaged, it will be replaced. This type of business insurance also includes building coverage, so if a fire or other disaster destroys the building where your juice bar is located, you won’t have to pay out of pocket to have it repaired or rebuilt. These are just some of the ways in which a BOP can protect your business.
Workers Comp Insurance For Juice Bars
Most juice bars have at least a few employees, which is why juice bar insurance includes workers comp. Anyone working in a juice bar is at risk for slipping on a wet floor or injuring themselves while using juicing equipment. Employees who are injured at work should not have to pay for their own medical bills, especially since they will likely have to miss a few days of work to recover, which means they lose money. Workers comp can solve both problems by paying for any necessary medical treatment and even making up for lost wages.
The general liability coverage within your business insurance policy might not be sufficient to pay for any lawsuits you could face as a juice bar owner. This is why adding excess liability is often a wise idea. Doing so will increase the amount of your liability coverage, ensuring your juice bar insurance can pay for legal defense fees and large settlements if your business is ever sued.