If you own a company there are many things you'll be responsible for knowing. The right coverage for your operation is essential to avoid financial ruin. Your Tennessee business insurance may need to include protection for your bakery.

Fortunately, a Tennessee independent insurance agent can help. They do the shopping for you with their network of carriers. Connect with a local expert for custom quotes today.

What Is Bakery Insurance?

In Tennessee, bakery insurance can cover many different aspects. Check out some common coverage choices for bakeries below:

• General liability
• Business property
• Business inventory
• Business equipment breakdown
• Commercial umbrella liability
• Workers' compensation

Some additional coverage options might include commercial auto insurance and employment practices liability coverage. It's good to know the number of other competing retail businesses, so you know where you stand. 

Number of retail stores in the US

When you own a business in the food industry, several obstacles could impact your bottom line. The right coverage can help you stay protected. 

What Does Bakery Insurance Cover in Tennessee?

Tennessee has 603,310 small businesses in existence. Each one needs coverages that are specific to their chosen industry. Let's look at common bakery coverages:

• Coverage for bodily injury or property damage claims
• Coverage for your business inventory such as products
• Coverage for business equipment that breaks down due to a covered loss
• Coverage for employees who are injured or become ill on the job
• Coverage for commercial vehicles used to operate the business
• Coverage for disgruntled employees that sue due to discrimination or harassment

There are standard basic coverages that are typically included in each bakery policy you own. Your Tennessee insurance will come with protection against the below perils automatically:

• Fire
• Natural disasters
• Theft
• Vandalism
• Water damage (not from a direct flood loss)

How Much Is Bakery Insurance in Tennessee?

In Tennessee, $6,317,565,000 in commercial insurance claims were paid in 2019 alone. the cost of your bakery insurance will depend on several different factors. Take a look at the what companies look at when quoting:

• Loss history
• Replacement cost values
• Insurance score
• Experience level
• Type of retail store
• Location

Carriers will look at local crime rates, weather patterns, and more when rating your policies. One way to save is by bundling your coverage with the same company. This will usually give a discount of 30% or more. 

How Much Theft Coverage Is Included in Tennessee Bakery Insurance?

If you own a business, there is always a chance that theft or vandalism could occur. To adequately protect your Tennessee bakery, you'll want to be aware of how often events like these take place. Your coverage selections can play a role in how much insurance you have in this area.

Reported property crime rates in the US (per 100,000 population)

Fortunately, most commercial insurance policies you obtain will have theft and vandalism coverage in some form. To get the specifics for your bakery, contact your local adviser. 

Will My Tennessee Location Impact My Rates?

There are 6,541,223 residents in Tennessee, and the population is only getting larger. That can be great for your bakery business, but the location is often key. Where you plant roots will determine how much your insurance costs. 

Flood insurance may be required depending on the zone you're in as well. How safe your location is will play a role in your pricing, so you'll want to choose wisely. 

How an Independent Insurance Agent Can Help in Tennessee

Your Tennessee bakery insurance is essential to protecting the livelihood of your business. Once you start shopping, you'll notice there are many directions to go in for coverage. The best chance at obtaining a low-cost policy with proper insurance is through a licensed professional. 

A Tennessee independent insurance agent works with multiple markets so that you always have options. They do the shopping for you at zero additional cost. Connect with a local expert on TrustedChoice to start saving today.