Best Bakery Business Insurance

The Hartford ranks first for bakery insurance with a MoneyGeek score of 4.78 out of 5. Bakers pay $66 monthly for coverage that earned perfect scores in affordability, customer service, coverage and financial stability. Each bakery has different needs, so comparing quotes from Nationwide, biBERK and Simply Business helps you find the right protection for your baking business.

Note: We based all scores on a bakery business with two employees across professional liability, general liability, workers' comp and BOP policies.

The Hartford offers the cheapest bakery insurance at $66 monthly ($792 annually), the most affordable option for business owner's policies, general liability and professional liability coverage. For workers' compensation insurance, NEXT Insurance provides the lowest rates.

In general, bakery business insurance costs are the following for the four most popular coverage types:

• General Liability: $91 on average per month, ranging from $79 to $106, depending on the state
• Workers' Comp: $54 on average per month, ranging from $46 to $63, depending on the state
• Professional Liability (E&O): $53 on average per month, ranging from $46 to $62, depending on the state
• BOP Insurance: $134 on average per month, ranging from $114 to $158, depending on the state

Workers' compensation is legally required in most states once you hire employees, while general liability protects against the most common bakery risks like customer injuries and foodborne illness claims. Get these required coverages for bakeries first, then add commercial property insurance to protect expensive equipment, product liability for wholesale operations and commercial auto if you make deliveries.

Finding affordable coverage that actually protects your baking business takes some research. Use this guide on how to get business insurance to find coverage that protects your business at the right price.

The Hartford leads bakery insurance with rates starting at $66 monthly and top rankings for customer service and claims processing. Your bakery needs general liability, workers' compensation, commercial property and product liability to handle daily risks from customer injuries to equipment breakdowns. Get quotes from several insurers to get coverage that provides your baking business financial protection without straining your budget.

Common questions about bakery business insurance:

We selected the best business insurer for bakery companies based on the following criteria:

• Affordability (50% of score): The lower a company's costs compared to the competition based on our base profile for four core coverage types, the better the company performs.
• Customer service (30% of score): We scored providers on overall customer satisfaction using industry studies, customer review forum ratings and public forum sentiment analysis from sites like Reddit.
• Coverage (15% of score): We scored business insurance providers for this category based on the flexibility, payment and actual coverage options.
• Financial stability (5% of score): Using financial stability industry ratings from companies like AM Best and Moody's, we created an overall rating to judge how likely companies are to pay out claims compared to the competition.

All pricing in this article is based on the following base profile to represent the vast majority of small businesses in all states:

• Three-person business with two employees
• Coverage: $1 million per occurrence and $2 million total per year for all but BOP, which includes the same coverage plus $5,000 of business property coverage
• $150,000 in payroll
• $300,000 annual revenue