Restaurant insurance
We at Colstan & Associates provide several restaurant insurance programs. The top 10 ingredients in a policy are:
1) Liability Insurance: Protect the storeowner for third party liability it includes legal expenses for the storeowner. But in no way it covers contents for the stop owner, nor any goods of the storeowner.
2) Contents Insurance: This is where the goods of the storeowner would be covered. Under this section this is where the store would have its goods insured.
3) Money & Security insurance: Insurance it protects the storeowner for money and securities, it can even include going to the bank
4) Sign Coverage Insurance: It insures the sign for the store and it can even include awnings if it is part of the sign
5) Micro/Mini computer insurance: In restaurants these days there are lots of computers. So this would insure the registers, and the software for the tracking of all of the orders placed.
6) Liquor Liability Insurance: In most states liquor liability insurance is required to protect the storeowner from liability from third party.
7) Non-Auditable Insurance Policy: This part of the insurance policy is very important; this states that the policy will not be audited from the insurance company. This is very good when a restaurant has a large growth, and will not have to show it books. It could be a nightmare if sales have skyrocket.
Loss of Income Insurance: this is when in a covered loss the store would be protected for loss of earnings.
9) Fine Arts Insurance: Is very good to have when there are many collectables or expensive artwork that is displayed in store
10) Improvements and Betterments Insurance: This is there our clients can save money, since lots of restaurants owners make improvements to the building, and can insure it here since it is cheaper than contents. Here the rate would be the building rate that is why we look to offer this coverage to our clients for savings.
For a Free quote from Colstan & Associates please click here. 90% of our restaurant clients have saved about 30 % from their current policy, and the important part is that we have not decreased coverage. In most part increased coverage.