What is a reasonable cost estimate of business insurance for a cafe?
Posted by Caffe | Posted in Small Business | Posted on 12-11-2009
Tagged Under : Insurance, Sq Ft, Workers Comp Insurance
Puppy_Gold asked:
I’m working up some numbers to determine the financial feasibility of opening a small (1000-1200 sq ft) cafe. Starting out with myself and no more than 2 part time employees, what should I estimate for combined liability, equipment, workers comp insurance?
I’m working up some numbers to determine the financial feasibility of opening a small (1000-1200 sq ft) cafe. Starting out with myself and no more than 2 part time employees, what should I estimate for combined liability, equipment, workers comp insurance?
It really depends, but to give you a ballpark figure, I pay $1,900 per year for an 1,100 sq foot bakery in the state of IL. The worker comp is the bulk of that cost – $1,100 annually for one full time and one part time employee. I am not covered by worker comp; as an owner you can opt out. Hope this helps and best of luck!
This is a question that you should review with an attorney who specializes in small business. Check out and check out the link for small business. Plans are affordable and can save you a ton of money in the future.
Best Wishes,
Rex White