What protections do cafe insurance policies make available?
Cafe policies can provide many different coverages, including both property coverages and liability coverages. The coverages work together to provide coffee shops with robust protections.
Some of the more noteworthy property coverages that coffee shops often get include:
- Building Coverage, which might cover a cafe-owned building or other structure
- Tenants Betterments Coverage, which might cover installations in a leased cafe space
- Contents Coverage, which might cover espresso machines, small wares, decor and more
- Equipment Breakdown Coverage, which might cover espresso and coffee machines against malfunctions
Some of the more noteworthy liability coverages that coffee shops frequently select include:
Depending on a coffee shop’s situation, it could also need commercial auto coverage, employment practices liability coverage, cyber liability coverage, or any number of others. A knowledgeable insurance agent can help coffee shops review all of the available options.
Is liquor liability coverage available through cafe insurance policies?
While liquor liability coverage isn’t a standard feature of all cafe policies, it usually can be selected as an optional feature. Coffee shops that serve alcohol normally need liquor liability coverage in order to secure a liquor license. In the event of a claim, the liability coverage could insulate against a large insurance claim.
How much are premiums for Coffee Shop policies?
Premiums for coffee shop policies can vary, but they tend to be affordable considering their coverage provisions. Some of the specific details that can impact a cafe’s insurance rates include the cafe’s:
- Building size
- Annual sales
- Past claims history
Of course, chosen coverages impact rates too. Cafes that need commercial auto and/or liquor liability coverage have to pay the additional premiums for those.
Cafes can easily research how much they’ll have to pay for insurance by working with an independent insurance agent. Whereas captive agents usually are obligated to favor a particular insurance company, independent agents are under no such obligation. They’re able to recommend the best policies, based on coverages and costs, regardless of what insurance company is offering those policies.