Your Coffee Shop Needs the Right Insurance…Just Like the World Needs Your Coffee Shop!

Two people wearing aprons smiling in a coffee shop.
Make sure your coffee shop is properly insured.

Coffee shop insurance could arguably be called one of the most important types of coverage, when you consider how essential coffee–and therefore, the shops that serve it–are to society.

All joking aside, while running a coffee shop can be lucrative, there’s also a big potential for failure, as there is with any new venture. Your risk management plan should be a big part of your overall business strategy, with your coffee shop insurance policy as the underpinning.

Whether you’re operating a mobile cart, kiosk, taking over an existing shop, starting your own shop from scratch, or simply trying to streamline costs by price shopping your current coffee shop insurance, understanding some of the types of coverages and why they’re important can help you get the best value for your money.

Here are some of the basic types of business insurance coverage and why they might need to be part of your coffee shop insurance plan…

  • General Liability. Most businesses need to be covered for injuries and damages to third parties that can occur during operations. Your coffee shop insurance needs this basic coverage to protect you against claims for bodily injury and property damage by a third party.
  • Business Interruption. Things happen. If an event or events should sideline your store’s operations, your coffee shop insurance policy should be part of the provision to keep things going. Employees and landlords still need to be paid, even when disaster strikes.
  • Commercial Property. Your building, equipment, furniture, computer system, files…the actual coffee and cups are only part of what makes your coffee shop a business, and your coffee shop insurance policy needs to protect as much as it can.

Some other factors to consider when calling for a quote for your coffee shop insurance…

  • Employees. You may or may not need Worker’s Compensation if you have part or full time employees.
  • Vehicles and Transportation. Do you use vehicles for delivery? You might need Commercial Auto insurance.
  • Food Spoilage Insurance. Do you need coverage in your coffee shop insurance policy in case there’s an incident resulting in a significant loss of inventory?

There’s no doubt that running a successful coffee shop is a challenge, but your contribution to helping the world wake up and get about the business of living is important. Your coffee shop insurance could make or break your effort to caffeinate lives…be sure it’s doing everything it should!

Call us today at 1-877-907-5267 to speak with a specialist about your coffee shop insurance, or click here to start your quick, free, competitive quote.

Insurance for a Beauty Salon

Client getting hair styled at a beauty salon
Make sure your beauty salon business is properly insured.

Owning a beauty salon is challenging; you’re tasked with providing style and service to a wide range of individual tastes, and you have to manage a spectrum of diverse employee personalities to boot. Finding adequate and affordable beauty salon insurance probably seems like just one more Herculean task on your plate.

However, it’s not something you should ignore; beauty salons have unique exposures, and making sure you have the right type and amount of beauty salon insurance could be the ticket to ensuring that your business stays alive in case of an injury or incident in your salon.

The highly personal aspect of your business–services that involve clients’ hair, and often faces–means that perceived injury or damage can be intensified. A dissatisfied customer may never take it to the level of a lawsuit, but in case it happens, you want to be sure that your beauty salon insurance has a General Liability Policy in place, to assist you in covering the resulting costs.

Time is always at a premium for salon owners/operators, as well, and the perceived complexities of searching for affordable beauty salon insurance can make it easy to put off. Delaying your research can mean you run the risk of letting your current insurance renew, even if you have a feeling it isn’t adequately covering you, or it can keep you from getting the coverage you need to get your salon started.

Here are some questions to think about, before you call to get a quote…

    • Do You Have Employees or Contractors? Do you rent booth space? Have permanent part or full time employees? Your beauty salon insurance needs to provide the right kind of coverage–employee status is relevant.
    • What Services Do You Offer? Are you solely a hair salon? Do you need coverage for things like waxing or brow/eyelash services included in your beauty salon insurance policy?
    • What Kind of Equipment Does Your Salon Use? Are you seeking a beauty salon insurance policy that will cover chairs, computers, and other equipment in case of loss?

There are other considerations as well, such as your salon’s revenue, location, and whether you own or rent your building, but a quick and reasonably easy quote for beauty salon insurance is only minutes away. Call us today at 1-877-907-5267 to speak with one of our specialists about your beauty salon insurance needs, or click here to start the process of a quick, free quote.

How to Get a Better Insurance Rate for Your Business

Business owners are always trying to improve their bottom line, and finding methods to lower insurance rates for a business often tops the list of ways they go about it.

If you’re interested in paying as little as possible for your commercial insurance, there are a few key ways you can lower insurance rates for your business…

Be Less Successful. If you want to pay less for insurance, you can always make less money. One facet examined by carriers is gross annual income; if this is low, you won’t have to worry much about insurance. It may seem unfair, but if you start making more money, you’ll likely pay higher insurance rates.

Don’t Expand. Keeping an operation small keeps your costs low. If you have fewer employees–or none–you don’t have the cost of paying for insurance to cover their medical expenses in case of a work-related injury or illness, and you’ll get to enjoy doing all of the work yourself, for the life of your business, to boot.

Limit Your Options. It’s simple; clients and venues often require insurance in what may seem like high amounts; if you limit your clientele and partners to those on the small side, you can prevent having to carry larger amounts of commercial insurance, thereby lowering your insurance rates. You also don’t have to invest in higher numbers of inventory, or manpower hours, or whatever your particular business model needs as capital, if you’re shooting low.

You’ve probably figured out by now that our “suggestions” are tongue-in-cheek. However, they’re still very valid ways you can lower your insurance rates for your business because the truth is that you need insurance if you run a business, and the deeper truth is that if you want to experience real success–growth, and the benefits that come with it–you also experience the cost of that.

Author and speaker David Hyatt says that “success brings its own set of problems”, and he’s right–that truth is particularly relevant to your business insurance.

Now, let’s look at the reasons why you should celebrate the fact that you need insurance for your business–and why you need it in the amount that will help your business thrive.

Insurance Protects Your Present. Whatever your scale of operations now, if an event happens that incurs legal costs, they have to come from somewhere. It can be a payout from a robust General Liability policy, or it could be the proceeds from shutting your business down and selling it…and possibly going into debt if that’s not enough to cover incurred obligations. You may be the best in your industry, or have a product like no other, but accidents happen, and even if you’re not at fault, court costs money.

Insurance Helps Build Your Future. Having enough to cover your assets in case of accidents or negligence is important, but when you expand, so does your risk. Want those choice clients? The big venues? They likely require a little more from you in the way of insurance coverage. Even if they don’t, and you’re taking on more by doing more, the possibility of happenings that outstrip basic, bare-bones coverage increases. An Umbrella Policy to raise limits, or Workers Compensation to protect employees may give you the safeguards you need to step forward.

Risk management is an art, and our business at CommercialInsurance.net is helping you protect your business. 

So that you can grow, not just enjoy the status quo.

Call 1-877-907-5267 today to speak with one of our specialists, or click here to start the process of getting a quick, free quote.