Coffee Shop Insurance

Coffee Shop Insurance is a Business Owners Policy (BOP) that blends general liability insurance and commercial property insurance into one effective policy, like a perfect mix of artisan beans. Minus the caffeine. But you get our point!

Coffee Shop Insurance helps owners safeguard against many of the common risks they face daily, using some key ingredients:

• General liability insurance: This coverage protects a business against the financial impact of claims of bodily injury, property damage, and personal and advertising injury from third parties. For example, an under-caffeinated customer doesn’t notice the “Wet Floor” sign near the bathroom and falls, twisting their ankle. Coffee Shop Insurance can help pay their medical expenses.
• Commercial property insurance: This policy covers your business property from accidental loss or damage. Commercial property insurance can include business building insurance and business contents insurance. Building insurance covers the four walls of your coffee shop. So if your coffee bean roaster starts a fire, you’ll be covered for the repairs. Further, contents insurance covers theft or damage of business property inside the building or within 100 feet of the premises. If a falling branch breaks your coffee shop sign, you won’t have to pay for its repair out of pocket.
• Business interruption insurance: This coverage is part of commercial property insurance. Think of it as an extra shot of espresso in your macchiato. Business interruption insurance covers the loss of income due to the suspension of operations as a result of physical loss or damage. If a fire forces you to shut down for an extended period of time, Coffee Shop Insurance can cover continuing expenses and lost income while you complete repairs.

You can spice up your Coffee Shop Insurance by adding optional coverages to your policy, including:

• Equipment breakdown insurance: If a power surge takes down your point-of-sale system, the expense of buying new computers and tablets can be covered.
• Hired and non-owned auto insurance: Uncaffeinated (and over-caffeinated) drivers cause accidents on the road daily. If your employee who is driving is at fault, your business may be sued for the damage. So, for example, if your employee delivers your famous roasted beans to nearby restaurants in their own vehicle, you’ll want to make sure you have hired and non-owned auto insurance.

A vanilla oat milk latte and a cup of black coffee are priced differently because different factors go into making them. Coffee Shop Insurance works sort of the same way. We’ll calculate your premium based on a few ingredients, like:

• Your business address
• Building construction type
• Proximity to a fire station
• Whether other tenants occupy your building, and how they are utilizing the space