Cake Insurance

Business By Lisa540 Updated 7 Aug 2009 , 8:45pm by IsaSW

Lisa540 Posted 6 Aug 2009 , 4:11pm
post #1 of 14

I need to find out more information on having insurance for a cake business. I am looking at basic insurance that will cover the shop but also protect against customer lawsuits. Does anyone out there have any tips, ideas and how much I might expect to pay for a service like this? From what I have found it runs around $1200 year. But I am not sure if that only will cover the shop or if it includeds legal insurance. icon_confused.gif Thanks for any help that you all can give!

13 replies
veronica720 Posted 6 Aug 2009 , 4:18pm
post #2 of 14

oh yes, good question!!

LaBellaFlor Posted 6 Aug 2009 , 4:37pm
post #3 of 14

If you pm k8memphis she has an insurance lady who knows all about insurnce for a bakery/cake decorating business. She can write a policy out for anyone in any state. PM k8memphis

indydebi Posted 6 Aug 2009 , 5:17pm
post #4 of 14

you don't say whether you're trying to buy this direct, yourself, or if you're going thru an agent. Along with the above advice, I HIGHLY recommend that you go thru an agent for this. They are licensed and know the laws of each state they sell in, they know what questions to ask and what exposures to look for.

There's a reason insurance agents have to be licensed .... there is a TON of information to know. (I know because I'm a former licensed agent.) Insurance is a legal contract. Go with an expert. Dont' go it alone. thumbs_up.gif

leah_s Posted 6 Aug 2009 , 7:33pm
post #5 of 14

I'm pretty dissatisfied with my insurance, so I won't recommend them. ($$$$$$$$$) Anyway, it expired 4 days ago . . . I guess I'm in the market for insurance too!

"Paging K8"

Lisa540 Posted 6 Aug 2009 , 7:52pm
post #6 of 14

Thank you guys so much! I will be sending K8 a message. I am looking to go with an agent. I don't feel comfortable making any kind of these decisions on my own. Thanks again!!

IsaSW Posted 7 Aug 2009 , 2:44pm
post #7 of 14

So... If I ask my USAA people who does our house and cars insurance about it, that is going directly to them with out an agent?. I am a little confuse. Can somebody explain. Where do I find that agent?

Mencked Posted 7 Aug 2009 , 2:48pm
post #8 of 14

I just got liability ins. for my new business (last week) and paid $440 for 1 million, 2 million aggregate, and it also covers tons of other things....food spoilage, etc... I know I did a search on this on CC when I was trying to figure that same question out myself and I found several posts where the business owners only paid around $250 or so for what sounded like my same coverage, but none of the agents I contacted around here (OK) were able to do it for that price.

Larkin121 Posted 7 Aug 2009 , 4:00pm
post #9 of 14

I called my insurance, USAA, and asked about business insurance. They asked several questions about what I'd be doing and quoted $650 per year for $1million in coverage, including damage to my rental kitchen, lawsuits, etc etc. Pretty much covered anything I could think of.

Lisa540 Posted 7 Aug 2009 , 4:59pm
post #10 of 14
Quote:
Originally Posted by Larkin121

I called my insurance, USAA, and asked about business insurance. They asked several questions about what I'd be doing and quoted $650 per year for $1million in coverage, including damage to my rental kitchen, lawsuits, etc etc. Pretty much covered anything I could think of.




Thank you !!!! This helps a lot on what I should expect and budget into my business plan!!

Larkin121 Posted 7 Aug 2009 , 6:15pm
post #11 of 14

Wait, I'm wrong, it was $350. I've been also working on homeowner's quotes and got confused. Sorry!

Lisa540 Posted 7 Aug 2009 , 6:27pm
post #12 of 14
Quote:
Originally Posted by Larkin121

Wait, I'm wrong, it was $350. I've been also working on homeowner's quotes and got confused. Sorry!





$350 a year?

Larkin121 Posted 7 Aug 2009 , 6:28pm
post #13 of 14

Yes. I asked the same...I'm like... that's IT? I was pleasantly surprised.

IsaSW Posted 7 Aug 2009 , 8:45pm
post #14 of 14

WOW!! I would say they same, thats it?
Thanks for the info, I am calling them this week.

Thanks for sharing.

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