Restaurants carry a very unique set of risks. Advanced Insurance Solutions can customize a menu of insurance solutions to meet your specific needs. Reviewing the options and developing a plan for restaurant insurance coverage is the perfect recipe.
As a restaurant owner, you know the amount of work it takes to run your business on a day-to-day basis. You might also know the statistics about how tough it is to survive and thrive in the business. But did you know that getting adequate insurance at least gives you a fighting chance by mitigating some of the risks involved in the food industry?
What Does Restaurant Insurance Covers:
Property Insurance Coverage
The Property Insurance on your Restaurant Insurance Policy can insure the buildings, property, and inventory that you own against physical loss or damage.
If you don't own your building, you will still need to insure the contents. With most Restaurant Insurance Policies, property insurance for business contents covers furniture, fixtures, inventory, office equipment, and other supplies stored at your facility or off-premises.
Loss of Use or Business Income
The Loss of Use or Business Income coverage on your Restaurant Insurance Policy will protect your revenue stream in the event of a loss or damage to your establishment. If your restaurant suffers from a fire, water damage, collapse, or any other insurable loss and you are forced to close your doors, you may be left without income or a revenue stream. Business Income coverage can provide coverage for your lost revenue while your establishment is being repaired or rebuilt.
Liability Insurance Coverage
The Liability Insurance aspect of your Restaurant Insurance Policy is designed to insure the business against losses even if they are negligent or liable for damage, injury or loss to another's property, reputation, or health. Typically, damages, legal defense fees, and settlement charges are paid by the insuring company when a claim is filed against the business.
Products and Completed Operations
A policy may provide coverage for your company's completed products or services. If an injury occurs due to the use of your products or services provided, the policy would pay for the resulting damages and any legal expenses up to the policy limits.
Liquor Liability
If you are in the business of selling, serving or furnishing alcoholic beverages, the policy may protect you in case someone claims you are legally liable for a liquor-related accident.
Medical Payments
If someone is injured by you or at your business site, the policy may pay for medical and funeral expenses incurred, up to policy limits, within one year of the accident. An example of an event this coverts would be if a customer tripped and fell on your premises and had to be hospitalized.
Advertising Injury
In the course of advertising your company's own goods, products or services, this policy will provide valuable liability protection against advertising injuries resulting from:
•Publishing inaccurate information that slanders or libels a person or organization.
•Publishing material that violates a person's right of privacy.
•Copying some other company's advertising ideas or style of doing business.
•Infringing on another company's copyright, title or slogan.
As many people have already found out, Advanced Insurance Solutions is the best stop for a quote on their Restaurant Insurance. We are the low cost solution for your Restaurant Insurance.
