Georgia Bagel Shop Insurance. The owner of a bagel shop has a lot of responsibilities to deal with, and insurance is definitely part of that. Owning a bagel shop can be one of the most rewarding things that you do, but you still need to worry about liability; that's why getting the right insurance is important.
Many bagel shops sell and/or bake many different bagels, home-made cream cheeses, along with sandwiches, pastries, soups, salads, snacks, and other foods and drinks. You are at risk for a various liabilities like as food that cause customer illness and slip and falls in the store.
There are specific types of commercial insurance that are most important when it comes to owning a bagel shop, and then there are some additional options that you may want to consider as well.
Let's take a look at Georgia bagel shop insurance policies that you might need to make sure that you and your company are protected.
Georgia bagel shop insurance protects your business from lawsuits with rates as low as $37/mo. Get a fast quote and your certificate of insurance now
There are several types of insurance available for business owners that serve and sell bagels or other type of similar GA food service businesses. Some of these will be necessary while others will be optional. Following are some of the most important types of Georgia bagel shop insurance:
The most common type of business insurance is called commercial general liability insurance. This is the most basic type of business insurance available. General liability insurance includes accidents like slips and falls, advertising injury, completed operations liability and more.
This type of Georgia bagel shop insurance protects you from litigation or liability when something happens on your property that causes bodily injury or property damage to a third party (customer etc...). No matter what kind of business you own, including GA bagel shops, general liability should be one of the first insurance options that you consider. Each policy is a little different, so you want to check carefully and talk to your broker to make sure you are getting what you need to properly protect yourself.
Property insurance is an important protection offered to business owners. Property protection means that you are insured against things like natural disasters, fires, theft, vandalism and more. When something unexpected happens, you definitely want to be prepared. You are not able to predict mishaps or avoid them but you can be compensated when they happen if you have the right Georgia bagel shop insurance.
Commercial property insurance gives you benefits that help you recover from major damage to your building or to the equipment inside; including appliances, electronics, fixtures like tables and countertops and more. Business property insurance is absolutely vital for any business that relies upon their location to make money.
If you use a company vehicle to pick up products or do deliveries, then you're going to need GA commercial auto insurance. Some food service companies make deliveries, and others simply use company vehicles to pick up products and equipment for their store. Business auto insurance offers more protection and is required if you are using a vehicle for commercial purposes.
If you have any employees that work for a wage or salary, then you are going to need workers compensation insurance. Workers comp is a type of insurance that is meant to pay for employee injuries and protect you from legal liability when something happens. If you have employees, then you are required to carry worker's compensation in almost every state.
How exactly the insurance works will depend upon your plan, but most worker's comp insurance policies are pretty similar.It protects employees from injuries or illnesses from work-related tasks as well as lost income if they are not able to work while they are recuperating from the illness or injury.
In your GA bagel shop, the baking and cooking equipment is important in running your business. If your equipment broke down, you would have to repair or replace the equipment, and you would lose income as well while waiting to get it up and running again. Equipment breakdown coverage is important in food service as it helps pay for repairs or replacements along with income loss benefits.
Believe it or not, you can get Georgia bagel shop insurance to cover food spoilage. When you own a business that relies on the freshness of the product that you store on-site, spoiled product can cost thousands of dollars. While this is not a common type of insurance, it is an option for those who need it.
It gives you peace of mind to know that if a refrigeration unit goes down or the temperature rises too high; that your inventory is protected and that you will be able to recoup some of the lost investment and keep your business running.
Call an commercial insurance broker today and find out more about the types of insurance that you might need for a GA bagel shop business. Bagels are one of the most loved breakfast foods out there, and lots of people are doing well with their bagel business. You want to make sure that you get the right insurance so that your business keeps running no matter what.
It makes no sense to invest in a store and tens of thousands of dollars in equipment if you do not have the business insurance to protect it when something bad happens. Talk to an insurance agent today and find out what kind of options you have.
Have a great idea for a small business and want to setup shop in Georgia? If so, before you start pursuing a commercial property and hiring employees, you want to make sure that the Peach State will support your industry to ensure your success. It's also a wise idea to familiarize yourself with the rules and regulations that the state has in place for business owners, such as the regulations and limits that pertain to commercial insurance. Below, we offer invaluable information about business development in the state of Georgia so that you venture can be as successful as possible.
In the past few years, there has been a definite uptick in job growth in the state of Georgia; however, in recent months, it seems that growth has become stagnant. In fact, according to the Bureau of Labor Statistics, as of May 2019, the unemployment rate in Georgia was 3.8%; 0.2% higher than the national average during the same time, which was 3.6%.
Despite stagnation in job growth and the slightly higher unemployment rate compared to the national average, more people are employed in Georgia in 2019 than were just a few years ago; in fact, in recent years, job growth has been at an all-time high.
If you're thinking about starting a business in Georgia, you're in luck; according to recent research, the state is one of the most attractive among entrepreneurs in the nation. Atlanta was voted the seventh best city in the US to launch a venture. Low living costs, business-friendly laws, and a wealth of easy to access resources have all made the Peach State a prime location for those business-minded individuals.
There are several industries that offer the potential for great success in the state, including:
The Georgia Department of Insurance regulates insurance in Georgia. Like most states, Workers' compensation is also mandated in the state of Georgia; for business that employ three or more employees, you will need to carry this type of coverage.
If you use motor vehicles for business-related purposes, you'll also need to invest in commercial auto insurance coverage to protect your drivers, as well as other drivers on the road.
Learn about restaurants, bars, liquor stores commercial insurance coverages. See how small business food service insurance help protect against accidents, oversights and lawsuits resulting from business operations.
Bars, taverns, restaurants, cafeterias, and other eating and drinking places have significant insurance needs in three separate areas.
The first is property protection for physical damage to equipment, furnishings, building and supplies due to fire and other perils.
The second is premises liability coverage to protect customers due to slips, trips and falls on the premises, as well as for consumption of food products.
The final need is protection for employees due to frequent cuts, burns and other common employee injuries. Establishments that sell or serve liquor or other alcoholic beverages also need liquor liability coverage.
Slips and falls, along with customer illness due to being served tainted food or drink, are the primary liability exposures. The commercial general liability (CGL) is used to provide coverage for these exposures.
It is important to note that liquor liability coverage is excluded under the CGL form if a risk is in the business of serving alcoholic beverages. Many establishments in this category should therefore consider purchasing a separate liquor liability coverage form.
Restaurant kitchen equipment, inventory and dining room fixtures are common exposures for most eating and drinking places. Many of these establishments do not own the buildings they occupy but have long-term leases and have invested money in various improvements and betterments, including cooking equipment, dining room decorations and permanent fixtures.
There are major differences in the food service business and the very different exposures they present. There are many specific types of restaurants to cater to individual needs and tastes. There a several main commercial insurance classifications for food service.
Concessionaires: The most basic "eat on the run" type of restaurant is not classified as a restaurant at all but is referred to as a concessionaire. Class Code 11168: Concessionaires applies and the accompanying note states that all food and beverages must be sold through hawking or peddling. There can be no location to which customers walk up and purchase the food. This classification includes food sold at sporting events, exhibitions, and parks.
Caterers: Are very similar to restaurants with significant differences. The caterer prepares the meals at its own kitchen or commissary and then transports it to the locations where it will be served. Some final preparation may take place at the final location but the majority generally takes place at the caterer's location. The caterer's employees serve the meals and beverages and oversee the consumption of the food.
Restaurants: The way restaurants are categorized and classified uses the percentage of alcoholic beverage sales as the first criteria, followed by other features or operations.
Common to all of these categories is that entertainment-oriented venues such as nightclubs, cabarets, dance halls, discotheques, and comedy clubs must be separately classified and rated. This means that the sales that those entertainment activities generate must be broken out and rated separately from the sale or food and drink.
Minimum recommended small business insurance coverage: Business Personal Property, Business Income and Extra Expense, Spoilage, Equipment Breakdown, Employee Dishonesty, Money and Securities, Computers, Valuable Papers and Records, General Liability, Employee Benefits, Umbrella, Hired and Nonowned Auto & Workers Compensation.
Other commercial insurance policies to consider: Building, Earthquake, Flood, Leasehold Interest, Real Property Legal Liability, Accounts Receivables, Bailees Customers, Fine Arts, Cyber Liability, Employment-related Practices, Environmental Impairment, Liquor Liability, Business Automobile Liability and Physical Damage, Garagekeepers and Stop Gap Liability.
Request a free Georgia Bagel Shop insurance quote in Acworth, Albany, Alpharetta, Americus, Athens, Atlanta, Augusta, Bainbridge, Belvedere Park, Brookhaven, Brunswick, Buford, Calhoun, Candler-McAfee, Canton, Carrollton, Cartersville, Chamblee, Clarkston, College Park, Columbus, Conyers, Cordele, Covington, Cusseta, Dallas, Dalton and Hinesville, Decatur, Douglas, Douglasville, Druid Hills, Dublin, Duluth, Dunwoody, East Point, Evans, Fairburn, Fayetteville, Forest Park, Gainesville, Georgetown, Griffin, Grovetown, Holly Springs, Johns Creek, Kennesaw, Kingsland, LaGrange, Lawrenceville, Lilburn, Lithia Springs, Loganville, Mableton, Macon-Bibb County, Marietta, Martinez, McDonough, Milledgeville, Milton, Monroe, Moultrie, Mountain Park CDP, Newnan, Norcross, North Decatur, North Druid Hills, Panthersville, Peachtree City, Peachtree Corners, Perry, Pooler, Powder Springs, Redan, Richmond Hill, Riverdale, Rome, Roswell, Sandy Springs, Savannah, Smyrna, Snellville, St. Marys, St. Simons, Statesboro, Stockbridge, Stonecrest, Sugar Hill, Suwanee, Thomasville, Tifton, Tucker, Union City, Valdosta, Villa Rica, Vinings, Warner Robins, Waycross, Wilmington Island, Winder, Woodstock and all other cities in GA - The Peach State.
Also learn about Georgia small business insurance requirements for general liability, business property, commercial auto & workers compensation including GA business insurance costs. Call us (470) 440-6263.