3 coffee shop insurance coverages you may not be thinking about

Okay, just spill the beans: You’re a coffee shop owner, not an insurance coverage expert.

We get it! That’s why we love connecting business owners with our independent agents who understand how to best help you with insurance coverage. It’s the same as us understanding that we are experts at assessing risk, not fine purveyors of a fig and cola-flavored light roast. 

Now that we’ve had our coffee for the day, we’re here to talk about three specific coffee shop insurance coverages you may not be thinking about. We’re not here to talk about property or liability insurance—those are typically covered under a businessowners policy and are what most would consider standard coverage options for business owners. 

Here are three coffee shop insurance coverages that may or may not apply to your retail business.

Workers compensation insurance

Do you have part-time employees or full-time? Or maybe a mix of both? Either way, most states legally require you to have some form of workers compensation insurance coverage on your retail business. Workers compensation may help cover medical care due to an on-the-job accident, rehabilitation needs or lost wages for the injured employee. This coverage is especially important for coffee shops when you consider the equipment, high temperatures and spillable liquids involved. 

It’s worthy to note that some states may not allow all coverages listed above. Consult your independent UFG agent about specific coverages available in your state.

Read more about UFG Insurance’s workers compensation coverage.

Liquor liability insurance

Do you also offer wine, cocktails or beer at your coffee shop? Maybe you even have a lineup of fancy boozy coffee drinks available in the afternoons and evenings? Liquor liability insurance could be an add-on to a coffee shop insurance policy you’re not thinking about. Beyond a liquor license, you may be required to get liquor liability insurance by law. This insurance coverage may help protect you from being liable if a customer becomes inebriated and commits a crime at your establishment or after they leave. 

Again, this is another coffee shop insurance add-on you’ll want to chat with your UFG agent about as coverage options may vary state by state. 

Cyber liability insurance

Do you collect and store customer’s personal information through a loyalty or rewards program or for physical mailings? If so, it could be in your best interest to protect that information with cyber insurance coverage. Cybersecurity threats are constantly evolving and who knows what business may be targeted next. Risk is everywhere in the digital world and if you’re the target of a data breach and information is compromised, you may be held liable. Cyber insurance may not have been on the minds of coffee shop owners in the past, but it’s become a hot topic for business owners and consumers alike in recent years.

The peace of mind cyber insurance coverage provides is invaluable. You may want to consider cyber insurance coverage to help protect your retail business today, tomorrow and beyond.

Beyond businessowners policies that cover property and liability insurance, there are many add-on options for coffee shop owners to consider. We believe these three coverages are certainly worth considering, but speaking with an independent insurance agent is the best place to start when it comes to protecting your business. 

Connect with a UFG Insurance agent today.