646 666 9601 [email protected]

Company insurance is intended to safeguard the financial assets of a firm owner and is a vital investment for an Italian ice business.

 Italian ice business

This article will discuss the primary insurance coverage for Italian ice firms, general liability insurance, as well as additional policies that are appropriate for this industry.

Italian Ice Companies Need General Liability Insurance

Every firm, regardless of sector, has risks that should be insured. General liability insurance is the most frequent and comprehensive form of coverage that company owners purchase.

General liability insurance covers the following risks:

Physical harm

Damage to property

Medical expenses

Legal defence and decision

Personal and commercial harm

While general liability insurance is not legally needed for companies, operating without it is exceedingly dangerous. If your company is sued, you might face costs in the hundreds of thousands of dollars (or more). The only way to avoid this sort of catastrophe from destroying your organisation is to have an adequate general liability insurance coverage in place to assist pay for these losses.


Example 1: If you want to franchise your firm, your bank will want proof of liability insurance as part of the loan conditions. This need would be met with a general liability coverage.

Example 2: An employee backs into the customer’s air conditioning system while bringing Italian ice to a birthday celebration, causing catastrophic damage. General liability insurance would pay for the cost of replacing the system as well as any other damage caused by the occurrence.

Example 3: Your cleaning team applied the incorrect solution to your flooring, resulting in a slick surface on which a client falls and fractures his wrist. General liability insurance would cover her medical bills as well as your legal fees and any court-awarded damages in the case of a lawsuit.

Of course, this is not an entire list of risks covered by a general liability insurance policy, and certain situations may result in a specific peril not being covered. To minimise coverage gaps, it’s always better to speak with your agent about the terms of your policy.

General Liability Insurance Cost

In America, the typical cost of $1 million in general liability insurance is between $500 and $1,200 each year.

The cost of your coverage will be determined by a number of variables. Among them are your:



Employees’ number

Per-occurrence restriction

The overall aggregate limit

You may be able to get general liability insurance at a lower cost if you buy it as part of a business owner’s policy (BOP) rather than as a separate policy. A business interruption policy (BOP) is a more complete option that covers numerous types of coverage, such as business interruption and property insurance.

Other Types of Coverage Required by Italian Ice Businesses

While general liability insurance is the most crucial, there are various different types of coverage to be aware of. Other forms of insurance that all Italian ice firms should have are as follows:

Insurance for Product Liability

Product liability insurance is crucial for firms that sell food to the general public. If a consumer sues your company because they felt sick after eating your Italian ice, product liability insurance will pay your legal bills as well as any needed compensation.

This coverage is often available as part of a company owner’s insurance (BOP).

Insurance for Commercial Property

Whether you own or rent your company space, you most likely spent a significant amount of money customising it to your specifications and outfitting it with the necessary equipment. Commercial property insurance would cover the expense of repairing or replacing your business-related property in the case of a fire, theft, or natural catastrophe. This covers structural damage to your structure as well as company equipment and supplies housed inside it.

Commercial property insurance is often available as part of a company owner’s policy (BOP).

Insurance for Workers’ Compensation

Workers’ compensation insurance is required in most states for both part-time and full-time employees. This coverage covers your workers if they are hurt at work or get sick as a result of a workplace accident. It covers not only an employee’s medical expenditures and lost pay if they need time off to recuperate, but also any disability or death benefits resulting from a workplace accident. This sort of coverage also covers legal defence expenses for serious injuries that result in litigation.

Workers’ compensation insurance is typically sold separately by most insurers.

Coverage Options for Some Italian Ice Businesses

In addition to the insurance listed above, your Italian ice company may need other forms of coverage based on particular features of your operations. Some of them may not apply to you, so be sure to ask your agent whether policies are appropriate for your company.

Insurance for Commercial Vehicles

Any vehicle used mainly for business purposes, such as deliveries, need commercial car insurance to cover the vehicle, driver, and other drivers on the road in the case of an accident. Choose a policy that not only covers accident-related vehicle repair expenses and medical care for anybody harmed, but also provides enough coverage for any company property you transport in your vehicle. Consider an insurance with coverage limitations that surpass the state-mandated minimum.

Depending on the insurer, commercial vehicle insurance may be purchased as part of a business owners policy (BOP) or as a separate policy.

Insurance for Business Interruption

If you have to shut your company temporarily due to a fire, severe storm, or other covered occurrence, the repairs might take weeks, months, or even years. Business interruption insurance covers your expenditures and lost income until you are able to reopen. Many plans also provide additional expenditure coverage, which may assist you set up a temporary location while your place of business is being repaired.

This coverage is often available as part of a company owner’s insurance (BOP).

Additional Security Measures for Your Company

Although investing in company insurance is simple (and necessary), it should not be your first line of defence. Yes, insurance will reimburse your company for cash losses incurred as a result of an occurrence, but it is much preferable to avoid losses altogether.

With this in mind, here are a few steps you can take to better secure your company:

Make use of legally binding contracts and other business agreements. (We provide free templates for several of the most often used legal forms.)

To safeguard your personal assets, form a limited liability company (LLC) or a corporation. (To discover how to incorporate an LLC or company in your state, see our step-by-step tutorials.)

Keep your company licences up to date.

Streamline the internal procedures of your company. This will eliminate unneeded variables from routine activities and establish a secure, consistent environment in which to do business.

If your company is an LLC, you should check into LLC insurance.