Why do cake makers need insurance?
As a cake maker, your art brings joy to countless celebrations and everyday moments. From intricate wedding cakes to personalised cookies, your creations are a blend of skill, creativity, and hard work. However, do cake makers need insurance? With the sweet success of your business comes certain risks that can impact your livelihood. This is where having the correct liability insurance comes into play.
Protecting your business and livelihood
Your business is more than just a source of income; it’s a reflection of your passion and dedication. Insurance ensures that unforeseen events don’t derail it all. Whether you’re a solo artisan working from home or running a small bakery, insurance is essential in protecting your business and livelihood. But what type of insurance does a cake maker need? As a cake maker or decorator, you should have product liability insurance and public liability insurance. Unsure what these mean to your cake business? We’ve broken down these two insurance products below.
Product liability insurance
Product liability insurance protects you against claims that may arise in relation to the products sold by your business. Imagine a customer claims they became ill after consuming one of your baked goods. Even if the claim is unfounded, defending yourself legally can be costly and stressful. Product liability insurance is designed to respond to these situations, protecting your reputation and your finances.
Public liability insurance
Public liability insurance protects you against claims of property damage or personal injury that may arise from your business activities. If a client or delivery driver slips and falls in your workspace, you could be held liable for their medical expenses. Public liability insurance helps cover these costs, protecting you and your business from financial ruin.
Securing liability insurance provides more business opportunities
Insuring your cake business is the first step in acquiring growth opportunities for your business. This could include large orders, events and market stalls.
Start a market stall for your cake business
Selling cakes and biscuits from a market stall provides a fantastic opportunity to increase business exposure. It allows you to interact directly with potential customers, showcasing your delicious creations and enticing them with tempting samples. The vibrant atmosphere of a market attracts a diverse crowd, including those who may not have discovered your business otherwise. By engaging with customers, answering their questions, and sharing your passion for baking, you can create a memorable experience that fosters trust and loyalty. Furthermore, the visual appeal of a beautifully arranged market stall, adorned with your delectable sweets, acts as a powerful advertisement, drawing attention and generating interest in your business.
Peace of mind for sweet success
Insurance is an investment in the longevity and stability of your business. With the right insurance coverage, you can focus on what you do best – creating stunning cakes, biscuits or slices.
So, whether you’re crafting elaborate tiered cakes or piping intricate details on cookies, ensure you’ve got the right insurance in place. It’s the icing on the cake for a thriving, secure business.