Restaurant Insurance Program
What Does Restaurant Insurance Program Cover?
Grillo & Associates has been writing restaurant insurance policies for over 25 years. Now with our exclusive restaurant insurance program, we can offer most restaurants the unique coverage and service they need and the rates they deserve. We offer a range of Business Owners Policies, including New York restaurant insurance options. Comprehensive restaurant insurance in New York is imperative for every food service business owner. General coverages will be similar to every other business that serve the public and can range from
- Property insurance
- Fire coverage
- Personal property coverage
- Business expense coverage
- Workers’ compensation insurance
- Specialty insurance coverage
However, Grillo & Associates goes a step further to customize individual policies under our Restaurant Insurance Program. Each client and their restaurant will have differing needs and requirements. At the very least, these policies should provide adequate coverage for restaurant businesses to protect owners against claims such as
- Liability – Claims brought by a patron, vendor, or staffer who sustains bodily injury on your premises.
- Court costs to defend yourself or your business for covered liability losses (the most common is when a patron becomes ill from consuming contaminated food).
- Asset protection for equipment and furnishing, such as tables, chairs, silverware, cooking equipment, ovens, refrigerators/freezers/walk-ins.
- Coverages to meet specific needs: Does your restaurant have a liquor license? There are coverages that protect your business against drunk driving claims. If you are looking for New York restaurant insurance, do you need coverage for valet parking? Again, what about coverage for claims brought against your business by a customer for damage to their vehicle, either by a staffer or vandals while parked in your lot?
- Do you lease or own your business premises? Regardless of ownership, you’ll need property insurance coverage for the full value of your restaurant. If you have a lease, there are many considerations such as asset losses due to fire, vandalism, or theft. This is important if yours is a theme restaurant and its appeal is linked to it ambiance as well as your menu. This means that if your decor includes valuable art or collectibles (think sports bar with jerseys, trophies, and autographed memorabilia) be sure its value is fully covered against loss.
- Relocation coverage: If your premises are impacted by fire, flood, or residual damage from an adjacent business’ misfortune, you’ll need temporary quarters to stay solvent.
- Tenancy: Many restaurants, especially those that have been in business for a long time at an established address, will have made upgrades to their premises, whether they own them or not. Unless any upgrades have been reimbursed by the landlord, another policy consideration for obtaining optimal restaurant insurance in New York is coverage for any upgrades or investments you have personally made at your business location. This can range from a ventilation system, HVAC system, facilities such as bathrooms, furnishings such as carpeting, and even insulation. In the event your premises are damaged, with these coverages you can be adequately protected against their loss /repair/replacement.
Grillo & Associates has decades of experience assisting business owners seeking the best restaurant insurance in New York. Some of our Restaurant Insurance Programs Feature the Following:
- Unique coverage enhancements designed specifically for restaurants including but not limited to food-borne contamination, food spoilage, equipment breakdown, backup of sewer and drain
- Business interruption coverage provided for off-premises power failure
- Liquor liability is available
- Coverage is written with an insurance company that is AM Best rated “A” or better
- Excess coverage is available
- Extremely competitive pricing
- Workers compensation available
The best way to stay in business is not just to have the best menu in town. Take the first step and consult with Grillo & Associates about our Restaurant Insurance Programs for New York Restaurant Insurance coverages that are tailored to meet your needs and budget while exceeding your expectations in customer service. Contact us today!
We offer a wide range of coverages including but not limited to Property, Fire, Personal Property, Business Expense, Liability, Court Costs, Asset Protection, and Workers’ Compensation as well as specialty coverages. Our team can also provide a custom umbrella policy package to suit individual needs.
Some insurance coverages such as Workers’ Comp are required by law. Additional policies will protect owners, their staff, their customers, and their property against a wide range of unforeseen occurrences. In short, restaurants need insurance to stay in business.
Consult with our team to assess your coverage needs. Together we will analyze risks such as property damage, employee injuries, and liability claims and weigh factors such as the size of your establishment, where it is located, and the scope of its operations to determine the appropriate coverages required.
To file a claim, you’ll contact your agent to report the event/losses. We will review your policy to find the coverage limits and ask for detailed information including how the event occurred, how much and what type of foods were lost, as well as the purchase information for all spoiled food items as part of your claims submission.
Generally, restaurant owners can initially purchase a Business Owner’s Policy as well as the state-mandated Workers’ Compensation coverage. It is important to make certain that probable contingencies are covered as well and there are a wide range of these including business interruption, spoilage, contamination, liquor liability, auto, and employee dishonesty coverage.
You can get a quote for your restaurant business one of two ways- Call Grillo & Associates at 516-788-8361 to schedule an appointment, or apply online via our INSTA-Quote service. The choice is yours.
These events are generally covered under your commercial property insurance or business owner’s policy. They will reimburse your business for losses caused by power outages, equipment failure, income loss, and even reputation restoration if the Board of Health shutters your premises due to food contamination.
There is no “one size fits all” in the insurance business. Grillo & Associates’ representatives will be glad to assist you in determining the right amount of coverage your restaurant business requires and to tailor a policy that meets your needs and budget.
Those in the restaurant business need to lower their risk by obtaining the coverages their business requires to remain in operation. In addition to policies, locating an insurance agency that provides excellent customer service is also important as trust in the time of crisis is paramount to obtaining a successful claim outcome.
We make getting an insurance quote easy.
Click on “Get A Quote Now” or call us at 1-800-772-0627 or (516) 798-0320. Speak with one of our team members about your insurance needs.
Grillo & Associates has a reputation of providing excellent service.
Contact our office today. Our team of specialists will assist you in determining what policy would be best suited for your insurance needs.
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