Honey is a vital ingredient for consumer goods. Cottage food businesses use honey to make condiments like jams or garlic sauces. Studies suggest that honey promotes skin regeneration. This is why soap makers use it for making bath salts and soaps.Â
Do you culture bees for honey? In that case, consider purchasing insurance. Honey producer insurance is an insurance policy designed for beekeepers. With honey producer insurance, you can protect yourself against potential losses from adverse weather, theft, or damage to hives. You can also use insurance to cover liability claims. Read this guide to know what policies are available and the cost of premiums.Â
| CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $300,000/$1,000,000 | $1,000,000/$2,000,000 |
| Aggregate limit | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $300,000/$2,000,000 | $1,000,000/$2,000,000 |
| Products and completed operations aggregate limit | $2,000,000 | $1,000,000 | $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 | $1,000,000 |
| Tenant’s legal liability coverage limit | $100,000 | $100,000 | $5,000 | $100,000 | $1,000,000 |
| Waiver of subrogation included? | Yes | No | Included | Can be included | No |
| Hired/non-owned auto liability coverage included? | Yes | No | Excluded | Can be included | Can be included |
| Equipment breakdown floater included? | No | Yes | Yes | Can be included | Can be included |
| Can you get a certificate of insurance online? | Yes | Yes | Yes | Yes | Yes |
| Name additional insureds? | Yes | Yes | Yes | Yes | Yes |
| Deductible | $0 | $0 | $0 | $0 | $0 |
General liability insurance protects you from potential legal and financial liabilities arising from accidents, injuries, and property damage. It covers third-party bodily injury, property damage, and personal injury. It covers legal bills, medical expenses, and potential settlements or judgments.
Bodily injury claims–If a visitor, customer, or third party is injured on your premises or due to your honey-producing activities, this insurance can cover medical expenses, legal fees, and potential settlements or judgments
Property damage claims–This insurance can grant protection if your business operations caused damage to houses or any other nearby properties that third parties own
Advertising liability claims–Covers advertising liability claims. In cases of misleading advertising, copyright infringement, or defamation, a third party may sue for financial damages
Personal injury claims–Claims include defamation, slander, and invasion of privacy. General liability insurance can pay legal fees and settlements if someone sues you for personal injury
Product liability insurance–This protects you from claims relating to your honey products causing harm, disease, or injury to consumers. If a customer claims your honey was poisoned or caused health issues, it covers legal bills, settlements, and medical expenditures.
Excess liability insurance–This endorsement ensures that you are adequately protected financially in the event of a significant incident or lawsuit that exceeds the limits of your primary general liability policy
The coverage limits can vary depending on the policy and insurer. Coverage limits may range from $1 million to $2 million per occurrence and aggregate.
This insurance coverage safeguards you in case a consumer experiences harm or damage as a result of using your honey products and decides to file a lawsuit against you. It helps cover the costs associated with legal defense, settlements, or judgments.
Product contamination–Product liability insurance covers your legal and financial consequences if a consumer becomes sick from eating honey products contaminated with pesticides, poisons, or other substances
Allergic reactions–Product liability insurance shields you from legal claims and court damages if a customer has a severe allergic response to your honey products
Mislabeling or false advertising–If you accidentally mislabel your honey products with misleading information about ingredients, nutritional value, or health benefits and a customer is harmed or disappointed, product liability covers legal fees and settlements
Packaging or manufacturing defects–Product liability insurance covers legal defense costs, medical expenses, and any compensation awarded to a consumer harmed by a honey product's packaging or manufacturing defect
Insurers will pay you $1 million to $5 million or more, depending on the needs and size of the business.
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| CoverWallet | NEXT (Best) | Thimble | The Hartford | Hiscox | |
|---|---|---|---|---|---|
| Building coverage limit (minimum) | $50,000 | $320,000 | $25,000/$500,000 | $75,000 | $25,000 |
| Contents coverage limit (minimum) | $50,000 | $35,000 | $25,000/$500,000 | $75,000 | $15,000 |
| Outdoor signs | Excluded | $2,500 | Excluded | Excluded | Included |
| Accounts receivable | Excluded | Excluded | $5,000/$10,000 | Excluded | Included |
| Money and securities | Excluded | $2,500 | $1,000 | Excluded | Included |
| Lock and keys | Excluded | $2,500 | Excluded | Excluded | Included |
| Business interruption floater | Excluded | Included | Included | Excluded | Included |
| Equipment breakdown floater | Excluded | Included | Excluded | Excluded | Included |
| Inland marine insurance floater | Excluded | Excluded | $10,000 | Excluded | Excluded |
| Employee dishonesty floater | Excluded | $5,000 | $2,500 | Excluded | Excluded |
This honey producer insurance covers your honey production business's physical assets and property. It protects your commercial properties against fire, theft, vandalism, and natural disasters. If any damage or loss occurs, your property will be repaired or replaced, minimizing financial setbacks and ensuring the continuity of your honey production business.
What Incidents Are Covered by Commercial Property Insurance for Honey Producers?
Fire damage–If a fire breaks out in your honey production facility, this insurance assists in repairing, replacing, or rebuilding your facility
Theft or burglary–Commercial property insurance covers equipment, supplies, and inventory taken from your honey production facility
Storm or weather-related damage–Commercial property insurance helps repair or replace damaged facilities, equipment, or inventory if storms and other related perils happen
Flood insurance–Covers damages caused by flooding, ensuring your honey production business is protected against risks caused by flood
Equipment and machinery breakdown coverage–This add-on covers breakdowns of your equipment and machinery. It covers equipment repair or replacement labor, temporary rents, and business interruption costs
Commercial property insurance insurers will pay you $100,000 to $10 million, depending on the insured property. Location, asset replacement value, and honey production risks will determine your coverage limits.
