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6 Reasons Coffee Shops Need Business Insurance


Coffee shops offer customers a space to read, work, study or chat with
friends. They provide morning commuters with the jolt of caffeine they need
to wake up and the beverages to get people through that mid-afternoon
slump. Running a coffee shop can certainly be a lucrative and fulfilling
business venture in this day and age.



However, anything can happen within the fast-paced environment of modern
coffee shops. There’s no way to predict every possible outcome, and only

business insurance for coffee shops

can help mitigate financial damages from unforeseen accidents, disasters
and lawsuits. These six reasons illustrate why coffee shops need business
insurance.







An employee forgets the caution sign after mopping



Slip hazards exist everywhere. Whether it’s the rainy season and customers
have tracked in water or an employee is mopping up spilled coffee, there is
always a chance of a trip. All it takes is one missed puddle, tripping
hazard or errant cord to send a customer tumbling. The result could be a
lawsuit against your business for bodily injury and property damage.



The basis of any business insurance plan is commercial general liability insurance to cover non-professional negligence like “slip ‘n’ falls” and
more. Bundling this coverage into a BOP, or Business Owners Policy,
protects your company against financial ruin in the case of various
lawsuits.



A competitor alleges you stole their slogan



General liability insurance also covers
href="https://www.irmi.com/articles/expert-commentary/does-the-typical-cgl's-advertising-injury-coverage-extend-to-ip-claims/"
target="_blank">
advertising injury

, including copyright infringement, patents and more. If a competitor
alleges you copied their slogan or menu, you may face a court battle.






A customer sustains burns and sues your coffee shop



A Starbucks customer in Florida
href="https://www.eater.com/2017/5/19/15662790/starbucks-hot-coffee-lawsuit-florida-100k"
target="_blank" >
sued the company

after sustaining first- and second-degree burns when the lid on her
20-ounce coffee popped off as she received her drive-through order. The
jury ultimately awarded her $100,000 for pain and suffering plus medical
bills. Coffee shops need liability coverage with adequate limits to cover
financial damages after such accidents.






A data breach exposes customer financial info



Customers swipe or insert their cards every day in dozens of transactions.
What if a hacker gains access to that treasure trove of personal and
financial information? You’d be in hot water. Luckily, cyber insurance covers many
associated costs and damages in the aftermath of a data breach so you can
get back to business.






An employee throws out their back during a long shift



Without your employees, there’d be no perfectly swirled lattes or friendly
smiles as customers walked in the door. What if one of your full-time
employees gets injured on the job? They’ll likely need medical attention,
time off work and rehabilitation. That’s where workers’ compensation comes
in: to cover these costs so your company can avoid a lawsuit and your
employee can receive the help they need to recover.






A fire damages your coffee shop



One coffee shop in Pittsburgh experienced a small fire when the husks and
chaffs of coffee beans got caught underneath their roasting machine, as the
href="http://www.post-gazette.com/local/city/2017/02/13/Nicholas-Coffee-building-in-Market-Square-evacuated-after-reports-of-smoke/stories/201702130141"
target="_blank">
Pittsburgh Post-Gazette

href="http://www.post-gazette.com/local/city/2017/02/13/Nicholas-Coffee-building-in-Market-Square-evacuated-after-reports-of-smoke/stories/201702130141"
target="_blank">
reports

. The same shop experienced a second fire months later. The fact of the
matter is, accidents like fires, thefts, vandalism, water leakage and more
occur at commercial spaces. Only property insurance can help business
owners pay to replace their equipment, repair structures and tide over
their income in the interim with business interruption coverage.



Business insurance for coffee shops is an important financial protection
for these six reasons and more. Get your free quote
from CoverHound today!

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