Candies are a staple. They’re used to appease or reward children. Parties are never the same without these sweet treats. And surprisingly enough, some adults eat candies to relieve stress.
A candy store is a good retail business, provided that you operate it well and avoid risks. For one, you need to look out for lawsuits if a child chokes on a candy you’re selling. Slip and fall claims are something you have to be wary of too. Finally, financial losses can happen if the candies you’re about to deliver to bakeries and grocery stores spoil.
Insurance is important whether you operate your candy business in a stand-alone building or at a rented space in a department store. For the best protection, get candy business insurance.
As the name suggests, candy shop insurance is beneficial for anyone operating in the candy industry. That goes for:
Candy manufacturers
Candy wholesalers
Candy distributors
Candy dispensing machine operators
Anyone selling candy as a home-based business
You may implement all measures to avoid potentially costly occurrences in your candy store and think candy vendor insurance is an additional cost you can bypass. Having insurance coverage provides the following benefits:
Solidify your professional standing and customer trust-Having insurance means that your candy business is ready to grant compensation in case something happens to customers. This gives you a trustworthy image, which helps drive sales and growth
Risk mitigation-By having business insurance, your candy business can reduce the factors that will result in closure. Coincidentally, this results in a better business image that can be helpful when taking out loans from government agencies and private organizations
Compliance-Your candy business might need to buy specific business insurance policies mandated by law, for example, workers compensation and commercial auto insurance
General liability, professional liability, and product liability are the three types of candy business liability insurance. These act as your first line of defense against claims that third parties file.
| CoverWallet | NEXT (Best) | Thimble | Hiscox | |
|---|---|---|---|---|
| Per occurrence limit | $1,000,000 | $500,000/$1,000,000 | $1,000,000/$2,000,000 | $300,000/$1,000,000 |
| Aggregate limit | $2,000,000 | $500,000/$2,000,000 | $1,000,000/$2,000,000 | $300,000/$2,000,000 |
| Products and completed operations aggregate limit | $2,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Advertising injury coverage aggregate limit | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Tenant’s legal liability coverage limit | $100,000 | $100,000 | $5,000 | $100,000 |
| Waiver of subrogation included? | Yes | No | Included | Can be included |
| Hired/non-owned auto liability coverage included? | Yes | No | Excluded | Can be included |
| Equipment breakdown floater included? | No | Yes | Yes | Can be included |
General liability insurance is always included in candy business insurance programs. This covers compensatory payments, legal defense, and court judgments if a customer or any other third party files a claim for:
Bodily injuries
Property damage
Copyright infringement
Slander
Libel
Use the table above to see which insurance company offers the best general liability policy for candy businesses.
A customer ignores the "Wet Floor" sign your employee has posted and they slip and fall, sustaining a concussion and wrist fracture. As a result, the client sues you to receive a reimbursement for medical costs and lost income
A visitor came while you were making candies. This visitor was careless and accidentally touched your candy business’s slicing machine. His fingers were cut
A customer gets a shock after using the vending machine of your candy business
Yes. General liability insurance will allow you to reimburse the value of a rented space in case it’s damaged. But note that this only applies if the damage is caused by fire.
Your mobile confectionery is already covered by the general liability policy of your candy business. However, there might be gaps. And so, getting another general liability policy for it is recommended though not a requirement.
| CoverWallet (Best) | NEXT | Thimble | Hiscox | |
|---|---|---|---|---|
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $1,000,000 |
| Aggregate limit | $2,000,000 | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000 |
| Name additional insureds? | Yes | Yes | Yes | Yes |
| Waiver of subrogation included? | Yes | No | Yes | Can be included |
| Deductible | $500 | $500 | $500 | $50/$10,000 |
Your candy business can leverage professional liability insurance if its revenues come from the manufacture and distribution of sweet treats. Professional liability insurance will provide protection if customers have qualms with your services and business operations in general. Use the table above to see which company offers the best professional liability insurance.
Here are some situations where professional liability insurance can help your candy business sort things out:
A convenience store that made an order accuses your candy business of underfilling the boxes
A client filed a claim after your candy store failed to deliver supplies on time
Your candy store was negligent in inspecting the quality of its products, which is important for consumer safety
Most likely not. However, consider asking the insurance company if they have an endorsement to professional liability insurance that covers violations of the health code as a result of negligence or lack of experience.
This business insurance policy is designed to protect your business if one of your customers claims that your candy harmed him. Product liability insurance will shield you from incurring the expenses of your legal defense and any settlements or compensation that the court may award the plaintiff. Extra expenses for product recall can be also covered by this policy.
Your candy business can use product liability insurance in the following situations:
A customer chokes on a candy sold and made by your candy business
The products of your candy business were haphazardly packaged
The boxes for your products has incorrect labeling
Heavy metals and other harmful substances were found mixed in your candy business’s sweet treats
Get all the best quotes from leading providers in a click of a button!
| CoverWallet | NEXT (Best) | Thimble | Hiscox | |
|---|---|---|---|---|
| Building coverage limit (minimum) | $50,000 | $340,000 | $25,000/$500,000 | $25,000 |
| Contents coverage limit (minimum) | $50,000 | $45,000 | $25,000/$500,000 | $15,000 |
| Outdoor signs | Excluded | $2,500 | Excluded | Included |
| Accounts receivable | Excluded | Excluded | $5,000/$10,000 | Included |
| Money and securities | Excluded | $2,500 | $1,000 | Included |
| Lock and keys | Excluded | $2,500 | Excluded | Included |
| Business interruption floater | Excluded | Included | Included | Included |
| Equipment breakdown floater | Excluded | Included | Excluded | Included |
| Inland marine insurance floater | Excluded | Excluded | $10,000 | Excluded |
| Employee dishonesty floater | Excluded | $5,000 | $2,500 | Excluded |
Commercial property insurance reimburses financial losses if your building and inventory is damaged or destroyed by fire, theft, vandalism, weather, lightning, and other covered perils. Use the table above to see which insurance company offers the best commercial property insurance for candy businesses.
You can add equipment breakdown coverage. A commercial property policy that has this endorsement will cover the repair or replacement of candy-making equipment that broke down due to operator error, upset, and other covered perils.
No. Contamination and spoilage are not included as covered perils in the terms of commercial property insurance. What you can do to solve this problem is to avail a contamination and food spoilage endorsement.
With this, you can recover the value of spoiled and contaminated ingredients and finished products. This will also pay for cleanup costs. Note that coverage applies if contamination or spoilage is caused by mishandling, vermin, equipment breakdown, and prolonged power outage.
No. Supplies that are on their way to your candy shop aren’t covered. However, you can solve this gap by introducing an inland marine endorsement to commercial property insurance.
| CoverWallet | NEXT (Best) | Thimble | Hiscox | |
|---|---|---|---|---|
| General liability aggregate limit | $2,000,000 | $500,000/$2,000,000 | $1,000,000/$2,000,000 | $300,000/$2,000,000 |
| Commercial property coverage limit | $50,000 | $100,000 | $25,000/$500,000 | $25,000 |
| Optional policies can be added? | Yes | Yes | Yes | Yes |
| Name additional insureds for free? | Yes | Yes | Yes | Yes |
| BOP discount? | Yes | Yes | Yes | Yes |
Your candy business can combine general liability and commercial property insurance into a business owner’s policy. By doing this, you enjoy a 10% discount on premiums.
Furthermore, policies that you can’t get by purchasing general liability and commercial property insurance separately become available. Common add-ons to a business owner’s policy are cyber liability, non-owned/hired auto liability coverage, and business interruption insurance.
Use the table above to see which insurance company offers the best business owner’s policy for candy businesses.
| NEXT | Thimble | Hiscox | |
|---|---|---|---|
| Aggregate limit | $3,000/$10,000 | $2,500/$5,000 | $15,000/$25,000 |
| Covers hired and borrowed equipment? | $3,000/$10,000 | $2,500/$5,000 | No |
| Miscellaneous equipment also covered? | $5,000/$10,000 | No | Yes |
| Offered as an endorsement to general liability insurance? | Yes | Yes | Yes |
| Deductible | $500 | $500 | $0 |
Tools and equipment insurance allows you to recover the estimated value of the equipment for making candies. Coverage applies if your mixers, drop rollers, cooling drums, and wrapping machines got damaged or destroyed due to fire, theft, vandalism, upset, operator error, electrical surge, and other covered perils. Use the table above to see which insurance company offers the best tools and equipment insurance for candy business.
Most states and local authorities require businesses to have workers' compensation insurance if they have one or more employees. This insurance policy covers the medical costs, lost wages, vocational rehabilitation, disability benefits, and other employee benefits if a staff member suffers work-related injuries or sickness. The coverage also shows that you comply with local business laws.
If your candy business owns a vehicle exclusively used for business purposes, it's critical to have a commercial auto insurance policy in place. This does a lot. Commercial auto insurance can:
Pay the medical treatment of pedestrians who got injured in a vehicular accident your candy business’s commercial vehicle caused
Shoulder the repair or replacement expenses if your commercial vehicle’s parts got damaged or destroyed due to theft, vandalism, weather, and other covered perils
Pay the treatment of the driver and passengers if your commercial vehicle is rammed by an uninsured/underinsured driver
Yes. Any accidents involving your trailer can be covered by commercial auto insurance, so long as it’s attached to the covered commercial vehicle. That said, coverage doesn’t apply if it’s detached. And so, we suggest you purchase a commercial auto policy specifically designed for the trailer you own.
As a candy business owner, it's crucial to have comprehensive insurance coverage for all-rounded protection. The policies we mentioned above are the most important. Nonetheless, we suggest you also consider the following:
Employee dishonesty insurance-Employee dishonesty insurance will take care of costs if a manager misuses funds, a clerk misrepresents sales records, a cashier steals money, or any other employee commits a dishonest act against your candy business
Employer’s liability insurance-Usually offered as an add-on to workers' compensation insurance, employer’s liability insurance will cover legal defense costs if your employee files a claim for negligence after a work-related accident happened
Business interruption insurance-Business interruption insurance will shoulder operational costs if your candy business needs to close in order to renovate, relocate, upgrade old equipment, install new equipment, or wait for an economic crisis to pass. This is offered as an automatic add-on in commercial property insurance
Umbrella liability insurance-This supplements your professional liability or general liability insurance in case either can’t grant adequate coverage because limits have been exhausted or the claim is too costly
| Cost per Month | Cost per Year | Deductible | |
|---|---|---|---|
| General liability insurance | $37 | $444 | $0-$500 |
| Professional liability insurance | $45 | $540 | $500-$1,000 |
| Commercial property insurance | $75 | $900 | $1,000-$2,000 |
| Business owner's policy | $90 | $1,080 | $1,500 |
| Employee dishonesty insurance | $98 | $1,176 | $1,000 |
| Commercial auto insurance | $80 | $960 | $500-$1,000 |
| Workers compensation insurance | $112 | $1,344 | $1,000-$2,500 |
| Tools and equipment insurance | Depends on the value of candy making equipment to be covered | Depends on the value of candy making equipment to be covered | $500-$1,000 |
The average candy business insurance cost is $37 per month or $444 per year for a $1 million general liability policy. This estimate is based on the following factors:
Policy limits
Deductibles
Annual revenue
Number of employees
Location
Claims history
You can further get an idea of how much premiums cost by taking a look at this table that shows the cost of the $1 million general liability insurance from the recommended companies:
| Cost per Month | Cost per Year | Best for | |
|---|---|---|---|
| NEXT | $28 | $336 | Best overall; Fastest general liability insurance for candy businesses |
| CoverWallet | $29 | $348 | Comparing candy business insurance quotes online |
| Tivly | $31 | $372 | Comparing candy business insurance quotes over the phone |
| Thimble | $33 | $396 | On-demand coverage for candy shops |
| Hiscox | $35 | $420 | Candy store insurance with automatic renewal |
| Insurance Advisor | $39 | $468 | Candy shop owners looking for a provider offering traditional and digital insurance services |
| Business Insurance USA | $43 | $516 | Candy shops looking for highly personalized insurance services |
Get all the best quotes from leading providers in a click of a button!
Several companies stand out for their industry-specific coverage options and customer service. Here are the best candy business insurance companies to consider. Read some of the reviews below to know their pros, cons, and rate for a $1 million general liability policy.
Best overall
Issues an online proof of insurance instantly
Fastest general liability insurance for candy businesses
Great customer service and reputation
Excellent rates
Outstanding value for money
Get a 10% discount if you buy two or more policies
Couldn’t find any
NEXT caters to the needs of candy stores and candy manufacturing businesses. This company allows you to get insured online within minutes. The best thing is that NEXT simplifies the process, so there’s no need to talk with an agent. These are the policies offered by NEXT’s candy business insurance package:
$500,000-$2 million general liability insurance
$340,000 commercial property insurance
$500,000-$2 million product liability insurance
Workers compensation insurance
Business owner’s policy
Best for: Best overall; Fastest general liability insurance for candy businesses
Average cost: $28 per month
Our rating: 10/10
Compare candy business insurance quotes online
Cancel your coverage anytime
Easy online policy management
Waiver of subrogation can be included in general liability insurance
CoverWallet covers candy businesses involved with the manufacture, wholesale, or retail of sweet treats. This company has a wide underwriting appetite because it curates the quotes of partners to cater the needs of customers. CoverWallet allows you to avail the following policies:
$1 million-$2 million general liability insurance
$1 million professional liability insurance
$50,000 commercial property insurance
Business owner’s policy
Workers compensation insurance
To get insured, you have to use CoverWallet’s online quotes comparison platform. This will allow you to see which insurance company underwrites the above policies best.
Best for: Comparing candy business insurance quotes online
Average cost: $29 per month
Our rating: 10/10
Compare candy business insurance quotes over the phone
A partner of many reputable insurance companies
Responsive customer service
You need to call to get a quote
Tivly covers candy stores and candy manufacturing businesses. Policies you can avail are general liability, equipment breakdown, professional liability, commercial property, and others. You need to call a Tivly representative to compare quotes and see the policy limits of a chosen coverage.
Best for: Comparing candy business insurance quotes over the phone
Average cost: $31 per month
Our rating: 10/10
Quick to issue an estimate of your rates
On-demand coverage
Sells a short-term general liability policy
Offers numerous types of endorsements
Business owner’s policy isn’t available if your candy shop is renting or leasing its space
Thimble only covers candy shops. Candy shops can avail a business owner’s policy, general liability insurance, and workers compensation insurance. Thimble’s general liability insurance has a $1 million-$2 million per occurrence and aggregate limit. On the other hand, the business owner’s policy grants a $1 million-$2 million general liability coverage and $25,000-$500,000 commercial property coverage. This company offers endorsements that can be added to its general liability policy or business owner’s policy.
Best for: On-demand coverage for candy shops
Average cost: $33 per month
Our rating: 10/10
Worldwide coverage
Automatic policy renewal
You can include upgrades to your policies
Policy limits can be easily customized
Low limits on its business owner’s policy
Hiscox covers candy stores and prefers startups. As a policyholder, what you can get from this company are $300,000-$2 million general liability insurance, business owner’s policy with a $300,000 general liability coverage and $25,000 commercial property coverage, and $250,000 cyber liability insurance. You can include upgrades to your policies for a more comprehensive protection. Another good thing about Hiscox, is that it renews your policy annually.
Best for: Candy store insurance with automatic renewal
Average cost: $35 per month
Our rating: 9/10
A nationwide team of insurance agents
Combines both traditional and digital services
Online quotes available
Insurance underwritten by a third party
Insurance Advisor has a unique approach to selling its products and services, combining the personal touch of a traditional insurance agent with the convenience of online insurance services. That offers customers access to expert agents and the flexibility of online services, making the insurance process easier and more efficient.
The company provides a wide range of candy business insurance policies, including general liability insurance that covers premises liability, product liability, and personal injury liability. Additionally, Insurance Advisor provides commercial property insurance, business interruption policy, workers' compensation, inland marine insurance, and commercial umbrella insurance.
The company is known for providing insurance policies with high integrity, dependability, and perseverance. You'll get recommendations for coverage when necessary, as well as the ones you don't need and why. You can trust their transparency and honesty throughout the insurance purchasing process. It's a relationship-based approach to insurance, especially when purchases are made remotely. That said, the company guarantees its availability to answer questions, handle claims timely and transparently, and make changes to coverage whenever needed.
Best for: Candy shop owners looking for a provider offering traditional and digital insurance services
Average cost: $39 per month
Our rating: 8/10
Excellent customer service
Online quotes available
A wide range of business insurance policies
Some policies are sourced from partners
Business Insurance USA is an insurance provider based in Burbank, CA. It specializes in providing insurance policies to a wide range of businesses across various industries, including operators in the candy sector. The company has an excellent track record of delivering highly personalized insurance products and services designed to save money and time.
The insurer provides every insurance policy your confectionery store may need: general liability (that covers product liability, premises liability, and completed operations), business auto, workers' compensation, and commercial umbrella coverage. With Business Insurance USA, you can save money with a tailored BOP, covering buildings and contents, electronic data coverage, employee dishonesty insurance, business interruption coverage, and newly acquired/constructed buildings insurance.
Best for: Candy shops looking for highly personalized insurance services
Average cost: $43 per month
Our rating: 8/10
This place is an absolute joke of a company and should be ashamed of the way they conduct business. I was hurt on the job at the end of July and it took them just shy of 7 weeks to issue out a paycheck to me. Yes the amount was back dated but still. Not many have the luxury of not receiving a paycheck for almost 2 months. To top it all off, the original adjuster marked me down for the wrong state which caused a problem from the get go, I've had 3 different adjusters now since each one can't seem to figure out the simplicity of my claim. All my paperwork which includes, my job, house, and drs visits all are from the same state and city but yet some how I have been filed under a completely different state 1500 miles away. They do not answer your phone calls or emails no matter how many you leave. I've had to escalate my frustrations to the supervisors of each of these individuals in order to even get some kind of response. I've had more communication and information given to me about my claim from the customer service representatives then the actual adjusters.......... please tell me how that works?! A serious overhaul needs to happen here in order to serve your clients the way they deserve to be taken care of. 10/10 do not recommend this company to a single soul on earth
I have never had the displeasure of working with a more incompetent and disrespectful person in my life. I’m an injured worker and the adjuster that was assigned to my case was named Carrie Furgeson. In the past 6 weeks that I’ve been injured and out of work I have only been able to get ahold of her twice, not for lack of trying. I have left countless voicemails, countless emails, and she ignores them all. When I am finally able to get ahold of her I’m greeted with terrible customer service. She is rude, she talks over me and I’m hardly able to get a word in edgewise. She spelled my name wrong on my documents even after I spelled it for her properly countless times, this caused a whole new issue with my bank. I have bill collectors from the hospital calling me demanding payment and Carrie Furgeson won’t do a single thing to help, or to get them paid. All of my documentation is in Colorado, my job is in Colorado, my address is in Colorado, all my Dr offices and appointments have been in Colorado and Carrie still managed to hold my claim because she wasn’t sure what state she needed to file it under. It’s been 6 weeks since my Injury and my company still hasn’t received the wage paperwork to fill out so they can get me my correct wages. When she’s not ignoring me she’s answering my questions with “I don’t know” well I don’t know how she got this job, because apparently she doesn’t know anything about it. She is a disgusting morose individual inside and out and I genuinely wish her the worst in all of her future endeavors. I highly recommend you don’t use this company. Please if you are a business owner and your looking into this company please don’t use them. I’m sure they have the cheapest payment and that’s why companies use them in the first place, but you will be doing your employees a grave disservice by forcing them to venture into this absolute dumpster fire of a company. I would rate 0/5 if possible but 1 was the lowest I was allowed.
Their general liability insurance purchase process is simply the best online experience I've ever had in my life!
As long as they cover your line of business, you're literally covered! best rates, best coverage, best online experience, best professionals, can't be happier that I chose them!
It really can't get any better than this... wow
Not all those who wander are lost.
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