Restaurant Insurance

Rest easy knowing you have the proper coverage.

Restaurant insurance provided by Strickler Insurance.

A restaurant has a wide variety of risks that they must deal with daily. From fire hazards to potential liability risks customers pose, there are so many things that can be costly in a food business. We have a custom menu of insurance options that I can cater to your specific restaurant business. Whether you were a bar, food truck, or a pizza shop looking for insurance we’ve got you covered.

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Food Service Business Insurance

We offer a wide variety of insurance that can cover all types of restaurant businesses. Some examples of restaurants we provide insurance for presently are:

 

  • Diner Insurance
  • Fast Food Restaurant Insurance
  • Catering Business Insurance
  • Casual Dining Insurance
  • Café Insurance
  • Bistro Insurance
  • Food Truck Insurance
  • Specialty Restaurant Insurance
  • Pizzaria Insurance
  • Steakhouse Insurance
  • Bar Insurance
  • Brewery Insurance
  • Sandwich Shop Insurance
  • Fine Dining Insurance
  • Chain Restaurant Insurance
  • Franchise Restaurant Insurance
  • And so many more!
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Restaurant

Liquor Liability

Risk Factor

Any establishment that sells, serves, or assists in the purchase or use of liquor is open to a liability claim as a consequence of someone getting inebriated to the extent that injuries or property damage result.

Solution

If you are in the business of selling or serving alcohol, it is critical that you protect yourself from potential financial losses by obtaining a liquor liability insurance policy. Having the right policy in place could help cover your legal costs, court fees, and any civil or criminal damages stemming from an incident involving liquor.

Valet Parking

Risk Factor

Providing a valet service is convenient for your guests, but damaging a vehicle or property, or causing injury, is a very real risk associated with offering this service.

Solution

Obtain a general liability policy to protect your business from lawsuits by a third party. Be certain that a garagekeepers legal liability policy is also in effect with adequate limits to cover any physical damage to a guest's vehicle or other vehicles on-site. If you are using an independent valet service, obtain a certificate of insurance to verify they have the proper coverage with adequate limits. Also make sure that your business is named as an additional insured under their policy.

Business Income

Risk Factor

In the event of a covered cause of loss, most policies include coverage for the income you cannot collect. What happens if one of your key suppliers, such as your food or beverage distributor, is incapable of supplying you with what you need to keep your business running?

Solution

Make sure that your business income insurance includes contingent business income coverage to protect against the loss of potential earnings to your restaurant caused by the inability of a key vendor to provide a component necessary for the completion or execution of your services.

Employment Practice Liability Insurance (EPLI)

Risk Factor

On average, it's estimated that three out of five businesses will be sued by their employees. Restaurants, just like any other business, are vulnerable from the pre-hire process through to a possible reduction in workforce. Claims can stem from just about anything, such as someone taking a "joke" the wrong way and being offended.

Solution

Coverage to protect you against this risk normally comes as a standalone policy. The right coverage is critical to your risk management process as it protects against discrimination, wrongful termination, sexual harassment, and other employment-related allegations. Typically, the policy will cover your business as well as your directors and officers. Third party coverage is an added option, usually accomplished via a policy endorsement, and addresses claims made by customers or vendors against you from acts committed by employees.

Sign Coverage

Risk Factor

Exterior signs associated with your business are vulnerable to fire, vandalism, and weather. Most commercial property policies offer a sublimit of coverage for signs, but it might not be enough.

Solution

Evaluate your sign exposures and determine if your existing commercial property insurance policy provides sufficient coverage. If not, increase the policy limit as required.

Systems Breakdown Insurance

Risk Factor

Equipment such as freezers, stoves, dishwashers, and air conditioning units are vital when running a restaurant. If a power surge or mechanical failure results in equipment breakdown, your business can experience expensive repairs and lost income.

Solution

Make sure you maintain systems breakdown insurance, including business interruption and spoilage coverage so that you can get your business up and running again without suffering financial setbacks.

Flooding

Risk Factor

As exposed by Superstorm Sandy and other significant weather events in recent years, flooding can occur in almost any location and to any business. Are you protected?

Solution

Flood insurance is typically not included in a commercial property insurance policy, but can generally be added by endorsement as long as the property is not in a high risk flood zone. If coverage is excluded from the policy, you should look into the cost to add it. If your property is in a high risk flood zone, you will need to obtain a standalone policy. In either case, it’s important to have coverage.

Cyber Liability

Risk Factor

Just about all businesses rely on technology in some way; it's increasingly used to store sensitive information, such as credit cards, passwords, and social security numbers. However, you're at risk if this information is lost, stolen, or compromised. In fact, you may even be legally obligated to alert those impacted by the breach and possibly pay for any financial loss incurred.

Solution

Experiencing a data breach is often not a question of if but when. Securing a cyber liability policy can offer coverage for expenses associated with compliance regarding data breach notification laws, securing legal counsel to advise on incident response, credit monitoring services, and paying for regulatory defense, as well as penalties arising from privacy law violations.

Improvements and Betterments

Risk Factor

Most restaurant owners remember to insure their contents, such as tables and chairs, but do not factor in the cost of the improvements they have made when selecting a building or contents limit.

Solution

If you have done or are considering a renovation to your restaurant, factor the cost into the building limit if you own the building or contents limit if you lease.

Food Contamination / Spoilage Coverage

Risk Factor

A power outage, mechanical failure, or other covered event can cause food to spoil, which then must be discarded.

Solution

This coverage will cover the replacement cost of the spoiled food. Most policies include coverage, but you should confirm the limit is sufficient.

Employee Theft

Risk Factor

Two things a restaurant has easily accessible are food and money. Employees have been known to run scams to pocket money or steal food to take home or give away to friends and family members.

Solution

Make sure you have coverage for employee theft. This can help compensate you for some of your financial losses.

Commercial Auto / Hired and Non-Owned Auto Liability

Risk Factor

If your restaurant offers food delivery service, whether the drivers are using their own vehicles or those owned by the company, you can be named in a lawsuit as a result of injury or damage caused by them while making a delivery for you.

Solution

A business auto insurance policy should be maintained if the vehicles are owned by the company. If employees are using their own vehicles to make deliveries, then hired and non-owned auto liability coverage should be maintained. Both will defend you if you are named in a lawsuit as a result of an employee getting into an accident while making a delivery for you.

Workers' Compensation

Risk Factor

Most states require an employer to provide coverage for any injuries your employees experience while on the job, as well as any job-related illnesses.

Solution

Maintain workers' compensation insurance to provide benefits to eligible employees; otherwise, you can be penalized for every day that coverage is not maintained, as well as for any benefits an employee would have been eligible for in the event of job-related injury or sickness.

Business Insurance For A Restaurant

Getting insurance for your eatery is easy, but getting the best insurance for your business is where Strickler Insurance comes in. We work for you in looking to provide the best coverage and the correct insurance coverage for your restaurant. Since restaurants are all different, it makes sense that the insurance coverage they need is different. Some places need protection for their property and location while a food truck needs commercial auto coverage for their vehicle. Getting a custom order for your food serving business is so important. Let’s look at a section of our insurance menu:

  • Restaurant Business Owners Policy (BOP): A business owners policy for a restaurant is an essential part of protecting your business. This is essentially a combination of liability insurance and property insurance all in one policy.
  • Restaurant Workers’ Compensation Insurance: Having workers’ compensation for your restaurant employees is so important. Not only is it required by the state that you have workers’ compensation for your restaurant but it also helps save you money. By having workmans’ comp you are more likely to retain employees.
  • Restaurant Business Crime Insurance: When running a restaurant you know there is potential for people to not pay for their meal or robberies to occur (especially if you serve alcohol). Having crime insurance for your business will protect you, your business and your assets.
  • Restaurant General Liability Insurance: Liability insurance for a restaurant is so important to have. Protecting yourself from lawsuits or liability your business might sustain. Not having liability insurance could result in your restaurant being forced to close. Besides general liability which would protect you from a person slipping and falling on a wet floor, there is professional liability. Professional liability would protect your restaurant from being sued for food poisoning or similar claims.
  • Restaurant Property Insurance: Having property insurance for your restaurant will protect your organization’s assets and investments. Be prepared for fire, flooding, theft, or accidental damages that can occur on your restaurant property.
  • Restaurant Umbrella Insurance: Having umbrella insurance for your restaurant is such an effective way to protect your business. Umbrella insurance takes all of your existing restaurant insurance and increases its effectiveness with additional payout coverage.
  • Restaurant Commercial Auto Insurance: Another insurance you might need is commercial auto for your food delivery services. Protect your delivery vehicles which are a huge investment for your food delivery business.

Restaurant Employee Benefits

  • Restaurant Health Benefits: Get group health insurance for your restaurant employees. Keeping employees at your restaurant business can be difficult, but by offering health insurance you can increase employee retainment and health for your whole organization
  • Restaurant Dental Benefits: Get group dental insurance for your restaurant employees. Providing dental benefits makes your business stand out to potential employees.
  • Restaurant Vision Benefits: Get vision benefits for your restaurant employees. Not every business offers group vision insurance, especially not every restaurant. This benefit will help your employees see how much you care about them and their vision.

 

Do I Need Restaurant Insurance?

If you want to see your business continue to exist even through hardships and the unexpected then yes. Consider the financial loss if your property burned down, mass amounts of food spoiled, or you were sued.

Get Restaurant Insurance From Strickler Insurance

Strickler Insurance is located in Lebanon Pennsylvania. Get your Pennsylvania restaurant insurance here. At Strickler we hope to provide the best restaurant insurance. We provide eatery coverage in New Jersey, New York, Maryland, Delaware and Virginia. Contact us today for a free restaurant insurance quote!

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