Looking For Restaurant Insurance
Just like your local restaurant caters to the communities taste, your insurance policies should be tailored to your specific needs. Restaurant businesses can have some unique risks depending on your type of operation. Whether you have a fine dining facility, franchise restaurant, fast food stop, or café/buffet featuring a wide variety of food, you’re going to have some basic coverages such as restaurant’s general liability, business property coverage, and workers compensation for employees. However restaurant owners are always trying to venture into new business models like food trucks, pop-up eateries, deliveries, online ordering, and catering events. Many fail to consider the unique exposures these innovative concepts create.
Insurance for Food Delivery
Restaurants that now deliver their menu items to homes and offices confront another risk: If the driver delivers the food in a company-owned car insured by the restaurant’s commercial auto insurance policy, that’s not a problem. The problem is when the driver for some reason takes their own car to make the delivery. If they get into a devastating accident along the way, the restaurant owner is not covered for the loss, unless they have purchased a non-owned and hired automobile insurance policy or have added it as endorsement to their commercial auto policy.
Other atypical threats include sexual harassment lawsuits, food spoilage, liquor liability and foodborne illnesses—each requiring a different insurance form populated with nuanced terms and conditions. Different carriers’ have rules governing when coverage kicks in after a power outage causing food spoilage or point of sale system failure. Also Foodborne illnesses are a major threat to restaurants. You hear all the time about lawsuits against restaurants and food distributors.
Cyber Liability for Restaurants
Data Breaches – lots of restaurants think that because they just collect the credit card information and a third party handles the processing, they’re not responsible if a data breach occurs. However not the case, the law puts the onus on the business that collected the data. I recently came across an article that suggests restaurants are one of the most targeted businesses when it comes to cyber breaches. All of the new consumer technologies where ordering a meal through an app or website create an elevated exposure. At the Briggs Agency we can help you find the right cyber protection.
Some Coverage considerations for restaurants
1. Commercial Property Coverage
2. General Liability Coverage
3. Commercial Auto Coverage
4. Workers Compensation Coverage
5. Hired/Non-owned Liability Coverage
6. Cyber Liability Coverage
7. Business Income Coverage
8. Food Spoilage Coverage
9. Equipment Breakdown Coverage
10. Umbrella Liability Coverage
There are many other coverages that can be considered depending on the scope of your operation. We can help you decide what is best for your business. Our goal is to reduce your overall cost of risk management for the business. Contact us today to start your review. Visit our Get a quote page for our restaurant application.
Briggs Agency, Inc