New Hampshire Ice Cream Shop Insurance Policy Information
New Hampshire Ice Cream Shop Insurance. Ice cream is quite possibly the most universally beloved confectionery. To make sure the smiles keep coming from happy customers, you depend on your equipment and your employees. But what if your ice cream equipment breaks down or an employee is injured on the job? Would your insurance provide enough coverage to pay for repairs or medical costs?
Ice cream parlors sell ice cream and related products, and may operate on a seasonal basis. While some offer table service, others have customers place orders and pick them up at a counter. Some offer sandwiches or other types of fast food items and may have a cooking exposure.
There's always a chance of possible loss, damage or theft of your utensils, damage to your kitchens, or an expensive claim if an employee or member of the public is injured or worse due to your work. That's why it's important to manage these risks and keep your business safe with a tailored New Hampshire ice cream shop insurance policy.
New Hampshire ice cream shop insurance protects your parlor from lawsuits with rates as low as $27/mo. Get a fast quote and your certificate of insurance now.
Why Do You Need Ice Cream Shop Insurance?
The New Hampshire ice cream shop insurance is suitable for anyone who owns or manages an ice cream parlor, shop or cafe selling ice cream and frozen treats. Compared to a standard business insurance policy, a New Hampshire ice cream shop insurance meets the needs of the hospitality industry. For example, you will probably find your business is seasonal so you carry different levels of stock during the year. This policy can be tailored to your requirements so you're only paying for coverages that are relevant to your operation.
Types Of Ice Cream Store Insurance
The risks for an NH ice cream store can be very wide because of the many different exposures involved with your business activities. Before paying costly fees for an attorney's advice, we can at least help you to identify some of the potential claims that could arise and the New Hampshire ice cream shop insurance coverages that would protect you in the event of such claims:
Food Contamination Insurance: Many ice cream stores also have a deli or restaurant, where you are serving hamburgers or chicken sandwiches. Cross-contamination of raw meat with ice cream could cause serious illness among your patrons. Protect your business with the food contamination policy.
Commercial General Liability: General liability Insurance protects your business from various third party liability claims:
- Premises Liability - Protects you in the event that one of your customers sustains an injury while on your premises. An example would be a child dropped is ice cream on floor and another customer slipped and fell on it.
- Product Liability - If one of the products you sell causes a an illness or injury, this coverage will help pay for your legal and court fees if a lawsuit should arise.
Equipment Insurance: What do you do when your dispensing machines stop working? Or if your store was vandalized... Pretty much, you have nothing to sell. Unless of course you have all risk equipment insurance. All risk means that you are protected from any peril that damages your equipment. You do not need to specify which perils you are protecting your business from - all risks means just that - complete protection.
Business interruption: This New Hampshire ice cream shop insurance policy provides coverage to make sure that if something unfortunate were to happen, you won't be out of pocket. For instance, if you suffered fire damage at your premises meaning you were unable to open, business interruption will typically cover your gross profit and fixed expenses while we get you back on your feet. This means you shouldn't be out of pocket if the worst does happen.
Workers' Compensation: Workers comp is required in most states for any non-owner employees. Protect yourself with NH workers compensation that covers employees' occupational injury expenses.
Employee Dishonesty: This New Hampshire ice cream shop insurance coverage protects your business from financial loss in the event that one of your employees steals from your business or engages in other illegal behavior while working for you.
Cyber Liability: If you also retail the ice cream through your website, Facebook or any other channel, you may be aware that you are at risk of a variety of cyber crimes. Hackers can get into your account and forge payments, or steal business or customer financial information and use it for illegal means. Cyber liability insurance will protect your business from losses incurred from crimes like these.
Commercial Crime: Unfortunately, crime occurs in many retail stores, including ice cream stores. Crimes you are open to include theft, shoplifting, fraudulent payment for merchandise, embezzlement, and vandalism that destroys your stock. Since this is a significant risk, you should protect your store with crime insurance. If an employee steals money from the cash register or someone vandalized your property, you have insurance to cover the loss.
Business Owners' Policy (BOP): BOPs are great for ice cream stores because they are affordable and they offer both the general liability, business personal property and business interruption on a single bundled policy. With this New Hampshire ice cream shop insurance policy, you can obtain coverage in case a patron gets injured as well as protect your business against property claims.
Commercial Umbrella: This is a coverage that adds excess coverage to your other liability policies. If you reach the maximum limits of coverage on an insurance claim, a commercial umbrella provides additional coverage to help prevent your ice cream store from having to pick up the balance.
NH Ice Cream Parlor's Risks & Exposures
Property exposures are from electrical wiring, cooking, refrigeration units, and heating and air conditioning systems. Wiring must be up to code, well maintained and adequate to support freezers. If ammonia is used as a refrigerant, there should be a leakage detection system to prevent an explosion. Refrigeration equipment must be inspected and maintained on an ongoing basis.
While cooking may be limited to microwave and ovens, there may be grills and deep fat fryers. These must be protected with automatic fire extinguishing equipment, shutoff valves, hoods, and filters. The kitchen must be kept clean and grease free to prevent fire spread. Filters should be regularly changed. Spoilage losses can be severe if the refrigeration equipment malfunctions or loses power.
Controls should be in place. Ice cream and other food items are highly susceptible to damage. A small fire or power outage can cause all stock to be condemned as unfit for consumption or sale. Loss of business income can be high after a loss, particularly if operations are seasonal.
Equipment breakdown exposure is due to the reliance of the business on properly maintained and electrically powered freezers. These must be regularly inspected and maintained.
Premises liability exposures are moderate due to public access to the premises. When seating is provided, customers may pick up their orders at a counter and carry them to their tables, generating spills that can result in slips and falls. Housekeeping must be excellent and spills must be cleaned up promptly. If hot beverages are served, temperatures must be limited to reduce injuries due to scalding.
Older patrons and those with mobility limitations are more prone to injury should a fall occur. Procedures should be in place to assist these customers in transporting purchases to their table. Floor covering must be in good condition with no frayed or worn spots on carpet and no cracks or holes in flooring. Steps and uneven floor surfaces should be prominently marked. Exits must be well marked, with backup lighting systems in case of power failure. Parking lots and sidewalks need to be in good repair, with snow and ice removed if operations are year round, and generally level and free of exposure to slip and falls.
Outdoor security and lighting must be consistent with the area. Seasonal operations may present an attractive nuisance hazard when not in use. There should be adequate security during the off-season. Lists of ingredients should be posted to prevent allergic reactions.
Products liability exposure is high due to the possibility of food poisoning, contamination and allergic reactions from food carried off premises for consumption. Monitoring the quality of food received, posting lists of ingredients, and maintaining proper storage temperature can reduce this exposure. The stock should be regularly rotated so older products are sold first. Out of date stock must be removed on a regular basis and discarded.
Workers compensation exposures are high due to slips, falls, cuts, burns, puncture wounds, foreign objects in the eye, frostbite from working with frozen food, heavy and awkward lifting, and interactions with customers. All walk-in freezers must have inside escape releases. Food handling can result in passing bacteria or viruses, resulting in illness. Anhydrous ammonia refrigerants are poisonous when leaked into confined spaces such as coolers.
Controls must be in place to maintain, check, and prevent such injury. As with all retail businesses, hold-ups are possible so employees should be trained to respond in a prescribed manner. Cleaning workers can develop respiratory ailments or contact dermatitis from working with chemicals. The employees tend to be minimum wage and turnover may be high. Company incentives to encourage long-term employment are positive signs of management control.
Crime exposures are from employee dishonesty and loss of money and securities. Criminal background checks should be conducted on any employee handling money. Most transactions are handled with cash. Money should be removed from the cash drawer at regular intervals and either deposited at the bank or stored in an on-premises safe. There must be a separation of duties between employees handling deposits and disbursements and reconciling bank statements.
Inland marine exposures include computers for tracking inventory and valuable papers and records for employee and supplier information.
Business auto exposures are generally limited to hired and nonownership liability for employees running errands.
NH Ice Cream Shop Insurance
Owning an NH ice cream parlor is a reliable and fun way to earn a living. Ice cream is popular with all ages and can sell year round. Shops have a lot of activity in them, particularly during the busy seasons, and this introduces to more potential risks to your business. You can protect yourself from unexpected events, risks and hazards by carrying the right types and amounts of commercial insurance.
New Hampshire Economic Data, Regulations And Limits On Commercial Insurance
You have an entrepreneurial spirit and a great idea for a business, now you just need to decide on a location for your headquarters. Before you pick a location, it's important to take several factors into consideration and weigh your options.
If the area doesn't offer a market that the products and/or services you intend on offering will appeal to, and the overall economic climate isn't healthy enough to support a business, there's a good chance you aren't going to achieve the success you desire.
How can you determine where to set up shop? By assessing the economic trends of a location, as the economy of an area offers good insight about the potential for success. Additionally, you should consider the commercial insurance requirements of an geographic location so that you know what type of policies you'll need to have in place.
If you're thinking about starting a business in New Hampshire, read on for an overview of the state's economic trends and mandated commercial insurance policies.
Economic Trends For Business Owners In New Hampshire
As of December, 2019, the unemployment rate in the Granite State was 2.6%, which was 0.9% below the national average of 3.5%. This statistic indicates that the economy of New Hampshire is healthy, as there are enough job opportunities to support the residents of the state, and those employment opportunities directly reflect the health of businesses in the state.
Additionally, New Hampshire offers a diverse workforce that is comprised of individuals from varied backgrounds, so prospective business owners should have ample opportunities to secure employment for their organizations.
In addition to the low unemployment rate, the Granite State offers many other features that will appeal to business owners; low taxes, an above-average per capita personal income, and the close proximity to large regional markets, just to name a few.
While businesses of varying sizes and in various industries can find success in the state of New Hampshire, there are some sectors that show particular promise. The leading industries in the state are as follows:
- Bio Science and health care
- High-tech manufacturing
- Hospitality and tourism
The best locations for business owners within NH include metropolitan regions and the surrounding areas. This includes Portsmouth, Portland, Concord, Derry, and Londonderry.
Commercial Insurance Requirements In New Hampshire
The New Hampshire Insurance Department regulates insurance in NH. New Hampshire mandates very few forms of insurance coverage by law. They enforce worker's compensation.
New Hampshire requires you to have worker's compensation insurance if you hire even one employee on a regular basis. This includes part-time employees, family members, minors, and immigrant employees. It is not required for independent contractors or domestic employees, though you should check to make sure any contractors you have are true contractors, and not employees.
New Hampshire also requires all business-owned vehicles to be covered by commercial auto insurance. Other types of business insurance that business owners should carry depend on the specific industry.
Additional Resources For Retail Insurance
Read valuable small business retail insurance policy information. In a retail business, you need to have the right type of commercial insurance coverage so that your store, employees, and inventory are protected.
- Adult Novelty
- Antique Dealers
- Appliance & Electronics Store
- Art Gallery
- Bicycle Shop
- Boat Dealers
- Book Store
- Bridal Shop
- Candy Confectionery Store
- Carpet Store
- Clothing Store
- Collectibles Memorabilia Store
- Convenience Store
- Cosmetics Store
- Dry Cleaning
- Equipment Rental
- Funeral Home
- Furniture Store
- Gift Store
- Hardware Store
- Home Improvement Store
- Hotel Motel
- Ice Cream Shop
- Jewelry Store
- Lingerie Store
- Luggage Store
- Music Store
- Office Supply Store
- Paint & Wallpaper Store
- Pawn Shop
- Pet Store
- Pharmacy Liability
- Plumbing Supplies Fixtures Store
- Scrap Metal Dealers
- Sewing Store
- Shoe Store
- Sporting Goods Store
- Stationary Store
- Thrift Store
- Ticket Agency
- Tire Store
- Tobacco Store
- Toy Store
- Travel Agency
- Tuxedo And Formal Wear Rental Store
- Vending Machine Operators
- Wig Store
Retail stores are susceptible to premises liability claims because of customer traffic, but large department and specialty stores are more susceptible than most.
All retail stores have significant property exposures. The on-hand stock represents a considerable investment, but the amount on hand fluctuates seasonally. For this reason, physical damage insurance on this property must be arranged carefully. When the insured occupies a non-owned building, insurance coverage must be arranged for the insured's interest in extensive improvements and betterments made to the premises.
Crime insurance, in the form of employee theft and money and securities coverage, is also very important.
The businessowners policy was designed with retail exposures and operations in mind. For this reason alone, it should always be the first type of package coverage to consider. However, for those risks not eligible for the business owners policy program, the commercial package policy (CPP) is a practical and convenient way to combine a number of coverages into one policy.
Retail businesses generate income through interaction with customers. This interaction is also how a customer can sustain an injury and then sue the retailer for damages. Hazards, exposures and operations both on premises and off are important and must be covered, but liability the retailer may incur because of the merchandise sold must also be considered and insurance protection arranged.
Inventory or stock is the major property exposure for most retail operations. Because stock values tend to fluctuate or have significant peaks at certain times of the year, value reporting or peak season valuation options should be considered. Business income coverage, including business income from dependent properties coverage, may mean the difference between a retail operation staying in business or being forced into bankruptcy following a loss.
When the insured occupies a non-owned building, insurance coverage must be arranged for the insured’s interest in extensive improvements and betterments made to the premises.
Most retail businesses offer endless opportunities for a variety of criminal activities. For this reason, the coverages needed must be carefully evaluated. Holdup and robbery losses may be the most obvious concerns but employee theft, fraud and counterfeit money losses are also serious issues that cannot be dismissed.
Retail businesses are gaining greater exposure to international issues because of the growth in sales via the internet. As these sales increase, the added exposures faced by these retailers must be evaluated. While their operating horizons are expanding so are their potential loss exposures.
Minimum recommended small business insurance coverage: Business Personal Property, Business Income and Extra Expense, Equipment Breakdown, Employee Dishonesty, Money and Securities, Accounts Receivable, Computers, Valuable Papers and Records, General Liability, Employee Benefits, Umbrella, Hired and Non-owned Auto & Workers Compensation.
Other commercial insurance policies to consider: Building, Earthquake, Flood, Leasehold Interest, Real Property Legal Liability, Computer Fraud, Forgery, Bailees Customers, Goods in Transit, Jewelers Block, Cyber Liability, Employment-related Practices, Business Auto Liability and Physical Damage and Stop Gap Liability.
Request a free New Hampshire Ice Cream Shop insurance quote in Allenstown, Alton, Amherst, Atkinson, Auburn, Barnstead, Barrington, Bedford, Belmont, Berlin, Boscawen, Bow, Brentwood, Brookline, Canaan, Candia, Charlestown, Chester, Claremont, Concord, Conway, Danville, Deerfield, Derry, Dover, Durham, Enfield, Epping, Epsom, Exeter, Farmington, Franklin, Fremont, Gilford, Goffstown, Greenland, Hampstead, Hampton, Hanover, Haverhill, Henniker, Hillsborough, Hinsdale, Hollis, Hooksett, Hopkinton, Hudson, Jaffrey, Keene, Kingston, Laconia, Lebanon, Lee, Litchfield, Littleton, Londonderry, Loudon, Manchester, Meredith, Merrimack, Milford, Milton, Moultonborough, Nashua, New Boston, New Ipswich, New London, Newmarket, Newport, Newton, North Hampton, Northfield, Northwood, Nottingham, Ossipee, Pelham, Pembroke, Peterborough, Pittsfield, Plaistow, Plymouth, Portsmouth, Raymond, Rindge, Rochester, Rye, Salem, Sandown, Seabrook, Somersworth, Strafford, Stratham, Swanzey, Wakefield, Walpole, Weare, Wilton, Winchester, Windham, Wolfeboro and all other cities near me in NH - The Granite State.
Also find New Hampshire insurance agents & brokers and learn about New Hampshire small business insurance requirements for general liability, business property, commercial auto & workers compensation including NH business insurance costs. Call us (603) 601-4771.