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Donuts, cupcakes and pastries—oh my! If you own a bakery, patisserie or pastry shop, we’d like to thank you for making the lives of those around you that much sweeter! We’d also like to help you protect that sweet business of yours from a number of risks it may be facing.
These are just some examples of bakery businesses that should be protected:
The simple answer is to help you get back to business in the event of an unexpected loss.
What if a fire accidentally broke out in your kitchen?
Whether you operate out of a retail space, or run your baking business from home, it’s important to make sure the building and everything inside of it are protected. The right insurance coverage can help you get back to business when your building needs repairs or inventory needs replacing as a result of a covered loss.
What if a customer slipped and fell at your store?
We don’t doubt that you’ve created a safe and welcoming environment—but accidents can and do happen. The right small business insurance policy may provide coverage for you in situations where your negligence is responsible for injuries to customers or employees.
What if your product was faulty or contaminated?
Imagine it’s Thanksgiving weekend, and you’ve just sold you’re last pie. At the end of the day, you’re notified of a recall on the brand of butter you used in all your pies. The right insurance policy can help cover some of the expenses directly related to the withdrawal of your product from within Canada should an unexpected incident like this occur.
What if things started to mysteriously disappear?
Unlike your delicious baked goods, theft isn’t an easy reality to swallow. Insurance coverage can cover the cost of replacing expensive equipment like your oven, or any cash that’s stolen.
We’ll build you a customized policy that meets your business’ unique needs.
Commercial general liability coverage, or CGL insurance, is designed to cover damages that your business is found legally liable for. CGL coverage can help protect you in situations involving bodily injury or property damage to a third party including when you or your staff are conducting business offsite. For example, if your bakery is hired to cater an event, the venue will likely ask you for proof of insurance to make sure you’re covered in the event of an accident.
Time is rarely on anyone’s side. When an insured loss prevents you from making those Parisian macarons that your customers love, business interruption insurance can help get you back on track fast and keep costs under control. Business interruption insurance offers coverage that will replace your lost income and help to cover expenses if your business can’t maintain normal operations due to an insured loss.
Talented and dedicated employees are tough to find—make sure yours know they’re appreciated. Attract the best baking talent by protecting your employees and their loved ones with a group benefits plan that includes things like life insurance, extended health coverage and dental coverage. An unhappy employee could lead to some sad pastries.
Your business was built on more than brilliant recipes, dedicated employees and loyal customers. Some of your most expensive business assets are the equipment you use to bring those recipes to life.
Whether it’s your electrical oven, your mixer or your refrigerator—when equipment breaks down, it can be costly to repair. Depending on the reason for the sudden and accidental breakdown, equipment breakdown insurance can ensure that your bakery is protected by helping to cover the repair or replacement costs.
Product liability coverage is often included in a CGL policy, but not always. It’s important to make sure you’re covered for this type of risk. Product liability insurance helps protect your business from:
If your bakery does deliveries, you’re going to need commercial auto insurance. Unlike a personal auto policy, commercial auto insurance is designed to protect the company car, the employees who are driving it and any passengers inside.
Some small business owners are under the incorrect impression that they’ll be covered by their personal auto policies while using their vehicles for commercial purposes. Unfortunately, there are some important differences between the two that can leave you vulnerable to risks and potentially losses.
We’re as flexible as you need us to be.
We’re always open for you. With around-the-clock claims support by phone and online, we make settling claims fast, simple, and stress-free.
Pay for your policy all at once or in convenient monthly installments. We also offer 0% interest and we’ll even accept payment by credit card.
If you need to update your coverage at any point during your term, give us a call and we’ll walk you through the process. You can also cancel your policy at any time with no early termination fees.
There’s more to your TruShield policy than meets the eye. Here are few other ways we make your coverage a little bit sweeter.
Every TruShield customer has access to our team of Risk Services specialists who can help guide you through any questions or concerns you may have about the risks your business faces and how to prevent loss.
Suffering a loss to the business you’ve worked so hard to build is not an easy experience. Our Trauma Assist service is designed to help owners and employees cope with the emotional effects of a loss.
Legal Assist provides you access to legal advice and practical solutions for matters affecting your business. It includes a telephone legal helpline, document review and drafting services, and access to customizable legal templates.
* Legal Assist services are not provided for criminal, personal or insurance issues, do not provide representation in legal proceedings or legal fees coverage and are not an insurance policy. Legal Assist services are provided through ARAG Legal Solutions Inc. by lawyers licensed in the province or territory of your residence.
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