Business Insurance >restaurant Insurance
Restaurant Insurance
PIA has been tailoring insurance programs for restaurants and entertainment establishments since we opened our doors in 1960. We represent a dozen insurance companies with custom coverages tailored to insure your business' unique characteristics.
What kind of coverage do you need?
As a bare minimum you should carry:
- General Liability to insure against third party negligence claims.
- Liquor Legal Liability if you are serving alcohol.
- Off Premises Power Failure to insure against loss of income due to a loss in power from your local utility provider.
- Spoilage to insure perishable inventory in refrigeration units.
- Property to insure buildings, office equipment, stock, loss of income, and inventory.
- EDP to insure your computer hardware and software equipment.
- Crime Extended Loss of Income Coverage - most forms of business income coverage pay you the lost income for the period the business was closed. In some cases it may take your customers extra time to find out you have once again opened your doors. Consequently your income after re-opening is less than normal. By purchasing this endorsement you can buy coverage to pay the difference in income for a short amount of time, usually 3-6 months. Very necessary for restaurants.
In addition to the above types of coverage you may need:
- Workers Compensation which is required by law if you have any employees.
- Auto Insurance if your company owns any vehicles.
- Umbrella Liability Insurance for extra protection.
- Garagekeeper's Legal Liability and Non-Owned Auto Liability if you are providing Valet Parking services.
- Mechanical Breakdown Insurance to cover sudden and accidental loss due to electrical surges in your air conditioning, appliances, or electrical systems.
Other considerations that we highly recommend are:
- Employment Practices Liability to insure against employee suits arising from sexual harassment, wrongful termination, and discrimination.
- Fiduciary Liability to insure against employee suits arising from employee benefit plans.
- Director's & Officer's Liability to protect your company and board from liability suits.
- If your organization has a website we also recommend Media Liability Insurance.
To get your free, no hassle quote call PIA toll free now, 800-596-7333 or complete our on line quote form