Business Insurance for
Pretzel Shop Insurance
The pretzel shop industry has grown by about 4% annually for the last five years. This growth is expected to continue, especially for the shops that regularly roll out alternatives to the traditional pretzel, such as different sizes, shapes, and flavors. But before you make any changes to your menu, make sure you have pretzel shop insurance for your business.
Pretzel shops are often located in busy areas with lots of people, such as shopping malls. Though this is great for business, it can also present lots of chances for lawsuits unless you have the proper business insurance. For instance, if a customer walks into your store and slips on some spilled water, breaking a bone, you will be held liable for the medical bills. The same goes if a customer gets burned by a hot pretzel. If you can’t afford to pay out of pocket for the medical treatment of every injured customer, you need general liability insurance.
This part of your pretzel shop insurance policy can also pay for any property damage caused by your store. For example, if an employee spills hot oil on a customer’s purse or clothes, general liability should pay for the repair or replacement as necessary. Another way liability can benefit you is if a competitor claims you committed slander or libel or even stole their ideas. The liability portion of your pretzel shop insurance policy can pay for your legal defense.