Ice cream could easily be the most globally accepted confectionery. However, this business comes with a lot of risks. You could face lawsuits that hurt your finances significantly. This is why you need ice cream business insurance that accounts for a wide range of claims.
This article features the best insurance for your business,the cost of premiums, and the various policies available.
Ice Cream Shop Insurance
Generally, ice cream shops sell ice cream and other related products. These shops may operate on a seasonal basis when demand is high. While most ice cream shops have tables where customers can enjoy their delicacies, some need customers to pick up orders by themselves at the counter.
If you operate an ice cream shop business, you know the various risks it faces. For instance;
A member of the public could also sustain serious injuries while at your place of work. Other than having vendor insurance , you need to get ice cream business insurance that protects against this claim.
Ice Cream Shop Insurance Scope
The risks for your ice cream shop are wide-ranging due to the variety of exposures involved with your business. There are several policies that ice cream shop business insurance covers. Some of them include;
Commercial General Liability Insurance for Ice Cream Shops
This is an important insurance policy that protects your ice cream business shop from third-party liability claims.
It contains premises liability that protects you if a customer sustains injuries while at your shop premises.
For example, if a child drops ice cream on the floor and another person slips and falls on it, you could be held liable.
General liability for ice cream shops also have product liability. If one of the products you sell at your ice cream shop causes injury or illness, this insurance policy will help pay the legal expenses should the case be taken to court.
Business Interruption Insurance for Ice Cream Shops
Business interruption insurance policy provides coverage to ensure that in case something unfortunate was to happen, you won’t go out of business.
For instance, if your premises suffer a devastating fire incident that leaves almost all equipment damaged, this policy will cover fixed expenses and gross benefits while you plot a comeback.
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Ice Cream Truck Commercial Insurance
Ice cream trucks and summertime go hand in hand. However, if you own an ice cream shop, you know that it demands a lot more than what most people think.
This is why it is vital to insure your business against various risks. Ice cream truck insurance protects your business against a wide range of claims. Some of the policies it covers include:
Commercial Auto Liability Insurance for Ice Cream Trucks
This insurance coverage is needed in every state in the country. It is vital because it helps protect your business against the possibility of costly risks you face in your daily business.
In particular, this policy covers your business against body injuries due to accidents. This policy also protects your business against property damage and several other risks.
Physical Damage Insurance for Ice Cream Trucks
This policy is also very important for your ice cream truck business. For instance, if your truck sustains significant damages in an auto accident, this policy covers the expenses.
You can also access comprehensive insurance cover with this policy; other common risks like vandalism, theft, fires, and any other accidental damages.
Bobtail Insurance for Ice Cream Trucks
If you have an ice cream truck, you must carry bobtail insurance to make sure your business is covered in case you get in to an accident while driving without a load/trailer.
The average cost of ice cream truck insurance is $60 per month or $720 a year for a $1 million general liability insurance policy.
Ice Cream Van Insurance
As much as this business seems easy and highly profitable, it comes with a wide range of risks. For instance, you could knock down a pedestrian and cause serious injuries. In that case, the victim could sue you for damages.
This could end with your business losing money. Thankfully, ice cream van insurance covers such claims. This insurance policy also covers your van repair costs in case of an accident.
Ice Cream Van Insurance Cost
The average cost of ice cream van insurance is about $67 per month or $804 per year for a $1 million dollar general liability insurance coverage. Keep in mind that several factors influence the cost of ice cream van insurance.
Some of them include your driving experience, claims history, location, and size of your ice cream business.
Conclusion
Your ice cream business might be small right now. However, it needs insurance just like any other business out there.
Insurance that we highly recommend you to get are general liability insurance to cover customers and employees, ice cream truck van/insurance/ to cover accidents. For more information contact us or visit our website.We are here to help.