​What is the Best Coffee Shop Business Insurance 2018?​

​Running a coffee shop calls for a delicate balance of hard work and meticulous planning, yet without the best coffee shop business insurance, all that could be in jeopardy of coming apart. Without adequate safeguards, even when your coffee sales are booming trouble could be lurking just underneath. Any business that deals with the public will continuously face many different types of risks that range from being sued to huge legal claims. Therefore, having a business insurance policy that is tailored to your coffee shop is financially important.

Running a beverages business is potentially highly profitable and as such you need to protect your investment as well as yourself from possible financial loss. Your business needs to be covered in case a situation ever arises that could put your personal and business integrity in jeopardy. Remember that your café is a popular joint at the heart of your local community, thus why you need to protect it using the best coffee shop business insurance.

Benefits of Coffee Shop Insurance

As a retail business owner, you face numerous risks from different eventualities ranging from money theft by employees, malicious damage or being sued by a customer. All these are risks factors that you need to factor in when looking your coffee shop insurance policy. Towards ensuring that your cafeteria or coffee outlet is safe and protected for yourself and the customers, you need to have in place a bespoke insurance policy that addresses your specific needs. These include covering important aspects like products liability (for example food poisoning risks), public liability, and employer’s liability.

Retail business insurance also protects you against potential compensation claims and associated legal costs. Even if you still win the legal battle in court, the legal fees can still leave a huge dent in your savings unless you are adequately covered by a suitable liability insurance package. That is why getting the best coffee shop business insurance becomes imperative.

Running a coffee shop calls for a delicate balance of hard work and meticulous planning, yet without the best coffee shop business insurance, all that could be in jeopardy of coming apart. Without adequate safeguards, even when your coffee sales are booming trouble could be lurking just underneath. Any business that deals with the public will continuously face many different types of risks that range from being sued to huge legal claims. Therefore, having a business insurance policy that is tailored to your coffee shop is financially important.

Running a beverages business is potentially highly profitable and as such you need to protect your investment as well as yourself from possible financial loss. Your business needs to be covered in case a situation ever arises that could put your personal and business integrity in jeopardy. Remember that your café is a popular joint at the heart of your local community, thus why you need to protect it using the best coffee shop business insurance.

1. AFG Insurance Agency

AFG Insurance Agency, operating under the umbrella of AFG Markets is among the best coffee shop business insurance providers today. They provide a variety of specialized insurance programs largely on a wholesale basis but through designated agents and retail brokers. Packages are designed to cover particular requirements like restaurants, property, homeowners insurance, and even professionals.

AFG Markets offer some of the top coffee shop business insurance options. AFG is excited about sharing the California Restaurant Package Program through their brokers. Public Service Mutual Insurance Company or PSM has designed this program specially to provide quality insurance protection for family style catering business. It places focus on "white table cloth" outlets or restaurants. PSM is an established insurance writer of restaurants in the Northeast and the West Coast.

PSM has over the years built a solid reputation through the provision of customized insurance programs that are also responsive. The advantages that come with joining this program include:

  • Competitive Rates.
  • Non Auditable Policies.
  • Quality Claims Service.

As a top contender for best coffee shop business insurance packages, AFG and provides the following options:

  • Building and personal property cover.
  • Business income and additional expensive.
  • Owner's liability, fire liability, and medical expenses.
  • Products & Liquor Liability.
  • Food Spoilage.
  • Earthquake & Sprinkler Leakage Coverage.
  • Money and Securities.
  • Employee Dishonesty Cover.
  • Accounts receivables, records, and valuable papers.
  • Signs and Glass cover.
  • Fine Arts insurance.
  • Non-owned and hired auto liability.

AFG Insurance Agency was created in 1992 and works closely with Public Service Mutual Insurance (PSM). With almost two decades of experience and provision of specialized coverages, PSM clearly delineates between what a fine restaurant needs and those of other eating establishments.

Based in Tampa and Spring Hill, Florida, the AFG insurance agents are trained to make every interaction with you a positive experience. The goal at AFG Insurance Agency under the PSM Program is to provide you with best coffee shop business insurance.

2. Ageas Insurance Limited

Like all other products, the best coffee shop business insurance from Ageas is available from brokers. These are designed to meet the needs of a busy shop owner who need an all-inclusive insurance package that covers diverse aspects such loss of income, property, products/public and employers liability. Whatever your core business, you need a suitable cover if you interact with customers directly. Products and public liability insurance are critical and if your business has employees, make sure you have employers' liability as that is required by law.

You could be operating a standard coffee business or a bespoke outlet serving a niche clientele base but as a busy business person, Ageas understands your needs and concerns. Having the best coffee shop business insurance at the right price and with the right coverages could mean the success or survival of your business. Inquire from your Ageas broker about available optional coverages for your coffee shop equipment, tools, plant, stock, business interruption and personal accident.

Ageas truly understands the insurance needs of smaller businesses and retailers. They provide insurance cover across the UK. You could go for these coverages that are available from Ageas brokers:

  • Property cover.
  • Employers' liability.
  • Legal expenses.
  • Business interruption.
  • Public & products liability.
  • Transit goods.

Other optional covers from Ageas Insurance Limited include:

  • Deterioration of stock
  • Loss of trade license
  • Fidelity guarantee.

You can only access the Ageas insurance products through their designated brokers. Also available are the Ageas tradesman insurance policies that offer essential coverages needed by professionals and tradesmen. The expertise of these brokers means that you are sure of getting a suitable policy at the right price.

For your catering outlet, the best option towards ensuring the success of your business is to get in touch with your nearest Ageas Insurance broker and get the best coffee shop business insurance today.

3. Knapton Insurance Limited

It is not only important but crucial that you have the best coffee shop business insurance protection in place if your business is to survive in today’s competitive market place. Ensuring your catering business has the most appropriate type of insurance cover need not be too complicated if you get the right insurer. Knapton Insurance is highly experienced when it comes to insurance protection for a broad range of businesses.

Knapton Insurance has some of the best coffee shop business insurance packages that have been designed together with professional brokers. They typically recommend the best packages based on your trading environment and your specific needs. The available packages can also be customized to match the changing demands of your business.

A typical Knapton Insurance policy includes several coverages:

  • Coffee shop buildings & contents.
  • Covers you against public and product liability.
  • Employers’ liability.
  • Business interruption.
  • Goods in transit protection.
  • Your stock – this also covers freezer stock and more.

The above coverages ensure that your coffee shop business is covered against the potentially damaging financial effects triggered by of a broad range of common problems such as damaged goods, employee accidents, fires, burglaries, and more - all coming under a convenient single Knapton policy. This is a key factor why many expert reviews have rated Knapton as one of the best coffee shop business insurance packages.

A typical policy from Knapton Insurance could also cover your physical structure, fittings, and fixtures against disasters such as fire, explosion, flooding, storm damage, malicious damage, theft as well as loss of rent.

Apart from helping you save money, crucially, Knapton Insurance ensures that the policy you get perfectly fit your business goals. Being an independent broker, the only interest of Knapton is to ensure that you get the best coffee shop business insurance and they work closely with you towards that goal.  

​4. Allianz Insurance Plc.

We are living in a world where businesses are being sued by people for all manner of things hence why your coffee shop needs the best coffee shop business insurance. You could easily become legally liable when your customer or any other 3rd party slips and falls, sustaining an injury within your coffee shop or when some faulty food item causes health complications. For your small business, being protected against such potential claims could prove vital for survival.

The Allianz Complete Retailer product is meant to give your coffee shop basic cover although it also comes with several flexible and optional extras.

The core coverages include the following:

  • Trade Contents (max of £750,000 per business site).
  • Money coverage following cases of money theft or attempted theft.
  • Goods in Transit as standard at £10,000.
  • Stock Deterioration £5,000 as standard.
  • Business Interruption – The standard limit begins at £750,000 but can go to an optional maximum limit of £2,000,000. This also comes with a 24-months indemnity period of 24 if you are unable to trade.
  • Employers’ Liability with a max of £10,000,000.
  • Products and Public Liability that can up to £2,000,000 although it has the option of increasing to £5,000,000.
  • Commercial Legal Expenses – This covers you up to £100,000 for a single covered event but can go to £1,000,000 for a single covered period for the selected events.

Sometimes personal liability claims can literally cripple your coffee shop business and that is the reason why Allianz Insurance Plc. has created the best coffee shop business insurance for you that includes easy-to-understand liability solutions. Their products also cover several other potential scenarios such death, disease, sickness, bodily injury, disability, fright, shock, mental anguish or mental injury. Other important coverages include character defamation, slander, and libel.

At Allianz, they appreciate the fact that you will be facing lots of challenges when operating your coffee shop business thus why they want to take off part of the burden by working facilitating the best coffee shop business insurance cover for you.