HOW MUCH IS BUSINESS INSURANCE
for Bakers and Bakeries?

While the cost of insurance policies varies significantly based on a bakery's location, size, specialty services, revenue, and a number of other factors, we know it's helpful to get an estimate of insurance costs before you shop. These rough cost estimates for small bakery insurance should help you get an idea of how your policies might fit into your budget.

Keep in mind, however, that the actual cost of your insurance is highly dependent on the specifics of your business. These sample quotes are meant merely for illustration purposes.

HOW MUCH IS
Commercial General Liability?

Commercial General Liability

Commercial General Liability Insurance covers many of the common lawsuits that customers, landlords, and other "third parties" could file against your bakery. These include suits related to slip-and-fall accidents, injuries, and property damage. The policy pays for lawyers' fees, judgments or settlements, and even the income you lose when you spend time in court. Bakery lease agreements might require you to have GL Insurance to cover property damage (such as that caused by fire) that your business is liable for.

A typical General Liability Insurance policy for a bakery costs between $425 and $455 in annual premiums.

Median policy premium:

$425 - $455

Median policy limit:

$2 million

Median policy deductible:

None

If your bakery has a truck, van, or vehicle it uses to make wholesale deliveries, you can add Commercial Auto Liability Insurance to your General Liability Insurance policy.

To see how the cost of General Liability Insurance for bakeries compares with other industries, visit Insureon's General Liability Insurance Cost Analysis New browser window icon..

HOW MUCH IS
a Business Owner's Policy?

Business Owner's Policy

For a discounted rate, Business Owner's Policies (BOPs) package General Liability Insurance with Property Insurance, a policy that reimburses you for your damaged tools, equipment, inventory, and other business property. Buying these two policies together is cheaper than buying them separately.

Most Business Owner's Policies for bakers cost from $500 to $1,607 in annual premiums.

Median policy premium:

$500 - $1,607

Median policy limit:

$2 million

Median policy deductible:

$500

Bakeries can purchase BOP coverage that offers Food Contamination and Business Interruption Insurance in the event your business has to shut down temporarily after a failed food inspection or contamination issue.

HOW MUCH IS
Umbrella Insurance?

Umbrella Insurance

Umbrella Insurance (also called Excess Liability Insurance) gives you extra lawsuit protection in increments of $1 million to draw on when some of your other liability policies are maxed out. Umbrella Insurance can pay for extra expenses relating to General Liability, Employer's Liability (included with Workers' Comp), and Auto Liability Insurance claims.

Umbrella Insurance policy rates for bakers typically range from $500 to $1,200 in annual premiums.

Median policy premium:

$500 - $1,200

Median policy limit:

$1 million

Median policy deductible:

None

To see how the cost of Umbrella Insurance for bakeries compares with other industries, visit Insureon's Umbrella Insurance Cost Analysis New browser window icon..

HOW MUCH IS
Workers' Compensation Insurance?

Workers' Compensation Insurance

Bakeries have to comply with state Workers' Comp laws, and most laws require bakeries to buy Workers' Compensation Insurance. This policy covers employees' medical expenses and lost wages when they are injured at work. Your policy can also include Employer's Liability Insurance to cover Workers' Comp lawsuits.

The cost of your Workers' Comp coverage depends on…

  • The specific functions your employees perform (e.g., baking, selling, or delivering).
  • Whether baking is done onsite or elsewhere.
  • Other nuances of the baking industry.
  • Where your business is located.
  • The number of employees you have.

Typical annual rates range from $1,994 to $6,404 in annual premiums.

Median policy premium:

$1,994 - $6,404

Median policy limit:

$500,000

Median policy deductible:

None

To see how the cost of Workers' Compensation Insurance for bakeries compares with other industries, visit Insureon's Workers' Compensation Insurance Cost Analysis New browser window icon..

Free Quotes on Insurance for Bakers

Free Quotes on Insurance for Bakers

For free quotes on the cost of insurance for your bakery, submit our online insurance application. An insurance agent specializing in bakery insurance will handle your application and respond with a customized quote for your business.

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