Why Nationwide for Insuring Your Candy, Nut or Confectionery Shop?

You probably have questions about the best ways to protect your candy shop. Here are a few of the most commonly asked questions related to business insurance for candy shops. Contact a Nationwide agent to help answer additional questions.

(Please note all coverage may not be available in all states.)

Q: How does Nationwide understand that candy shops are different from other businesses?

A: We understand that you are not a candy manufacturer; you are a candy designer. The textures and flavors of your own specialty truffles are art, and the kitchen is your studio. From the arrangement of your display cases to the lighting in your shop, you strive to place your art in its best setting. Your customers appreciate the experience you give them, and they return for that experience again and again.

You have plenty of things to think about without adding insurance into the mix. We can help handle your business insurance so you can put more energy into delighting your customers.

Q: What specific coverages do candy shops need?

A: Candy shops need:

• Property Coverage
• General Liability Coverage
• Medical Payments Coverage
• Business Income Coverage
• Outdoor Signs Coverage
• Food Contamination Coverage
• Spoilage Coverage
• Equipment Breakdown Coverage
• Umbrella Insurance
• Tenants Property Damage Legal Liability Coverage

Q: Does Nationwide offer these coverages?

A: Yes.

Q: What types of coverage are often overlooked by candy shops?

A: Equipment Breakdown Coverage – You may have mixers, refrigerators and ovens for making and preserving your creations. If they break down, the replacement is costly. Most insurance companies automatically include this coverage, but some require that it is separately added. Make sure you ask your agent about this coverage.

Spoilage Coverage – Like other food service businesses, you may have ingredients that are perishable. This insurance can protect you if your refrigerator fails.

Food Contamination Coverage – If a customer eats a contaminated item from your shop, this coverage can protect your shop.

Flood Insurance – Nationwide does not offer flood insurance, but your agent can connect you to the National Flood Insurance Program, which is a government-sponsored insurance that offers up to $500,000 in coverage.

Q: Does Nationwide offer safety tips and services?

A: Yes, we offer free safety bulletins, online safety training and an online risk-assessment tool.

Q: Does Nationwide offer coverage for my company vehicles or coverage if my employees drive their own vehicle doing errands for my business?

A: Yes. We offer Business Auto Coverage and Non-Owned Auto coverage.

Q: Can Nationwide meet all of my insurance and financial needs?

A: Yes! We offer a full range of personal and business insurance products. We also offer financial services, mortgage and banking services. This means we can cover your home, personal autos, business vehicles, workers compensation, life insurance, business property and liability, personal and commercial umbrella, mortgages and investments.

Q: I currently sell hard candy and chocolates. I am thinking of offering candies that contain nuts. Can Nationwide still meet my insurance needs?

A: Yes, allergic reactions are a real concern, especially when you are selling products containing nuts. Our liability policy is comprehensive and can help protect you.

Q: If I have several locations, do I need to have several policies?

A: No, Nationwide can cover all of your locations with one policy, saving you money.

Q: How is Nationwide rated and what does this rating mean?

A: Nationwide is rated A+ (Superior) by A.M. Best, an independent insurance benchmarking group. The superior rating is assigned to companies that have a superior ability to meet their ongoing obligations to policyholders.

Q: What can you do to help me as my business changes?

A: We offer periodic insurance reviews. Reviews can be triggered by opening a new location, adding on to existing space, expanding your menu to offer different foods or beverages, changes in the industry from court rulings, making a claim or renewal time. All of these moments have insurance coverage implications, and we want to make sure you are adequately protected.

Q: What is umbrella insurance?

A: It’s a way to add higher limits to your existing insurance. For example, if your current liability policy covers a $1 million lawsuit and you are successfully sued for $2 million, umbrella insurance can cover the difference. Best of all, we can provide this excess liability coverage over your business vehicles as well as your business liability.