Let's say you're a restaurateur and you're having a horrible
week; first your chef cut himself in preparation, then your refrigerator
died, and all the cold-stored food was ruined. Then one of your delivery
kids gets into an accident while making a delivery, and the insurance
company comes after you. All these possibilities would cover restaurants.
- Chef; employees' coverage
- The refrigerator; equipment failure insurance
- Food; coverage spoilage
- Driver; unowned auto coverage.
There's plenty more. Which restaurant styles are you? There are specific
forms of foodservice coverage: do you have table service, and if so, are
you just a fine restaurant or casual? You fast-food? Are you a buffet,
cafeteria, smorgasbord, or some? If you give takeout, do you deliver?
If you're a bar or nightclub, that's another category with its
collection of risks and coverage.
The country club, mall/shopping, or sandwich bar. It makes a difference
in your insurance plan and can also affect your worker's compensation
class code. Depending on what your restaurant provides, coverage will
vary greatly. Full bar, wine, and beer? Entertainment, a dance floor?
Are you catering? Looking for meetings, banquets, or private parties?
If you have activities off-site or are you a promoter? That's another
coverage form. You have parking, and if so, have a valet? You, or a subcontractor?
Do they protect you if someone or something hurts on your property? How's
your system ANSUL? Covers your deep fryer? Can your fish tank leak and
injure or damage a customer?
Do you have a coat check, entertainer equipment storage, or other property
of others? Are you ADA-compliant or open to lawsuits? Here are several
other coverages you may need: on-site liability, product liability if
your food poisons anyone or claims to do so, on-site coverage for your
fixtures, on-site content if you own the building or are on a triple-net
contract, ads, and rented land.
This is another case where an investigator uses a checklist. Too many chances
to leave something out.
keywords: property insurance definition, property insurance denial letter
sample, property insurance designations, property insurance escrow, property
insurance estimator, property insurance exam, property insurance exam
questions, property insurance lawyer, property insurance lawyers near
me, property insurance liability, property insurance license, property
insurance limits, property insurance loss of use, property insurance loss
register, property insurance vs homeowners insurance, property insurance
vs liability insurance, property insurance vs mortgage insurance, property
insurance vs renters insurance, property insurance waiver of subrogation,
property insurance warehouse, property insurance what does it cover