Commercial Property Insurance
Protect your food service business with Commercial Property Insurance
Busy food service business owners know – disaster can strike when you least expect it. From fires and natural disasters to theft, accidents, and unexpected equipment failure, the food service industry is full of opportunities for things to go wrong at the worst possible time. It’s important for your peace of mind and the financial security of your business to know that no matter what kind of property issue may arise and no matter how bad it is, you’ll be able to recover and restore your business to full capacity.
Rest assured knowing that your business property, and any property in your care, is covered in the event of damage or loss. Almost every tangible aspect of your business can be covered including your building, equipment, inventory, and more.
Key Benefits & Features
Commercial Property Insurance protects your food service company’s ability to make money by covering the critical assets that keep you in business such as your building, equipment, supplies, and inventory. No two businesses are alike, and your coverage shouldn’t be either. With customized Commercial Property Insurance, you can lower your risk exposure and make sure you get the best possible mix of coverage and value.
Building Coverage
One of the fundamental aspects of commercial property insurance for restaurants and bars is protecting your building. Whether your property is damaged by a natural disaster or a manmade catastrophe, you’ll be back in business more quickly with the right policy. Coverage levels can vary, so you should consult an agent to find out what’s best for your business.
Food Service Equipment Breakdown Coverage
As a food service business owner, your equipment is your livelihood. You need each refrigerator, grill, oven, and every other tool you have to serve your customers and stay in business. With Food Service Breakdown coverage, you can make sure your equipment will be replaced if it suffers a mechanical failure or is damaged in an accident or natural disaster.
Business Interruption Insurance
If your business is affected by a serious accident or natural disaster that causes temporary closure or operational hardship, Business Interruption Insurance may allow you to receive income and cover your core operational expenses while your business undergoes repairs.
Spoilage Coverage
For food service businesses, equipment breakdowns can set off a chain reaction of unfortunate events, including food spoilage. If your perishable inventory is damaged as a result of equipment failure, a power outage, or contamination, Spoilage Insurance will reimburse you for the cost of replacing your spoiled inventory; and depending on your policy, it may even replace lost income.
Off-Premise Coverage
For restaurants, caterers, and mobile bars providing any off-site service or delivery, Off-Premise Coverage is essential. Not only does it protect your equipment should it be damaged off-site, but it also covers the property of others while it’s in your care.
Protect your food service business with Commercial Property Insurance that’s customized to fit your unique needs. For a comprehensive review of your current coverage or to find out more about how Commercial Property insurance can help you protect your business, contact our experts today.