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Your business property goes beyond your building and contents. Our specialized hospitality insurance may also cover business interruption, food spoilage, sewer and drain backup, lost business income due to utility failure, equipment breakdown, signage, employee crime, high-value art, and more. Our Business Owners Policy for restaurants, bars, pubs and taverns is an affordable (BOP) with one of our A rated admitted insurance companies. This policy covers common perils, including fire, vandalism, storm damage and broken pipes. It may also cover, or give the option to cover, flood, sprinkler leakage, and the extra expenses associated with a business shutdown due to a covered loss.
Business income insurance is an important but often misunderstood coverage. It is designed to replace income lost as a result of an occurrence that is covered by the policy. It can also cover continuing expenses like payroll or extra expenses incurred during the restoration period.
Many businesses in the hospitality industry fail to understand the importance of spoilage insurance until after they find themselves in need of it, either because they lost money from spoiled food or have received a patron lawsuit as a result of food poisoning. The first thing you should know is that it’s a fairly inexpensive add-on to your general business insurance policy. That makes it a simple addition for most restaurant owners and provides a flat amount of protection for your restaurant in the event that a power outage or refrigeration equipment malfunction leads to spoiled food.
Equipment breakdown insurance is essential coverage for any business relying on machinery or technology. It protects agains financial losses caused by sudden mechanical or electrical failutes of essential equipment. This insurance can cover repair or replacement costs, minimize downtime, and ensure that your operations continue smoothly. Ideal for restaurants, manufacturing plants, and other industries, equipment breakdown offers peace of mind and financial security.
A Few Reasons Why Steve Wilson Insurance Agency is the Right Choice For Your Business:
