The food manufacturing industry is vulnerable to a long list of exposures, and your Bay Area bakery is no exception. Your workers operate machinery that can inflict dangerous, often disabling injuries. You have to rely on refrigerators, ovens and other expensive machinery that could break down, or become damaged, causing spoilage and bringing a halt to your production.
In addition there are a slew of third-party liability perils involving the possibility of tampering, contamination, and even food-borne illnesses. That’s an awful lot of risk to consider, and without bakery insurance in San Francisco, you may have even more layers of exposures to be concerned with.
There are several coverages to consider
You need to protect your business, customers, equipment, vendors, and other people and factors that may come into contact with your company. There are liability issues, workers comp concerns, equipment breakdown, even business interruption, to name a few. With so much at stake, and with success or failure decided upon by the amount of risk involved and what steps are being taken to mitigate those risks are vital to the survival of your establishment.
Healthcare reform is just the tip of the iceberg
In addition, the new health care law, which takes effect this year, could eat into your company’s profits. As the health care overhaul is underway, many small businesses across the nation are concerned that Obamacare will lead to rising premiums and sinking profits.
Companies large and small also have to consider its impact, and determine just how to deal with the new rules, which require that businesses with more than 50 workers offer an approved insurance plan or pay a penalty of $2,000 for each full-time worker over 30.
You have a lot on your plate. Anyone running a successful business needs to provide their company and staff with San Francisco bakery insurance that will help them continue to stay in business and remain profitable as well.