Restaurant Insurance Policy

In today's highly competitive business environment you need every advantage to succeed. That's especially true when it comes to selecting your business insurance. Restaurants are unique and shouldn't be insured like other businesses. In order to meet these specific needs, we have created a special restaurant package that broadens and increases coverage where restaurants need it most.  Our goal is to provide more for the insurance dollar than any of our competitors.  

Our Preferred Restaurant package program provides many forms of coverage that are not found in standard coverage forms. Additionally, the limits for many standard coverage parts have been increased substantially.

Some coverage enhancements include:

Property

	Restaurant with Wine Stock Endorsement
	Business Interruption - Actual loss sustained 12 months
	Food Spoilage or Contamination
	Outdoor Signs – attached and unattached: $7,500
	Credit Card – charges uncollectible as a result of an insured loss: $2,500
	Water Backup and Overflow – from sewers, drains or sumps: $5,000
	Business Income is extended to include Power Failure. A 24-hour deductible applies.
	Mechanical breakdown coverage
	Fine Arts
	Sign Coverage
	Coverage for computer equipment media, data programs and communications equipment
	Employee dishonesty and crime coverage

General Liability

	Expanded Fire Damage Coverage – extended to apply not only as a result of fire, but also explosion, release of smoke from an unfriendly fire, or sprinkler leakage incidents.
	Tenants' Property Damage – coverage extends to premises you rent or temporarily occupy with permission of the owner.
	Garage Keepers Liability for Valet Parking
	Liberalization Clause – if the commercial general liability coverage form is broadened to provide additional coverage with no additional premium, and the effective date of the change is during your policy period, your policy will automatically provide this additional coverage on the effective date of the revision.
	Additional Insured By Written Contract, Agreement or Permit – additional insureds are automatically included if the requirement for this status is a written arrangement.
	Extended Coverage for Newly Acquired Organizations – coverage is afforded until the end of the policy period, regardless of whether this time exceeds 90 days.

Optional Coverage

	Liquor Liability – your business may be eligible for liquor liability coverage. Availability varies by state.
	Automobile
	Boiler & Machinery
	Employee Benefit Liability – provides coverage for financial losses relating to private employee benefit programs due to administrators' errors and omissions.
	Workers Compensation

• Fine Dining or Family Style Restaurant
• No live entertainment or dancing
• No nightclubs or 24 hour service
• The owner must have a minimum of three years management experience with profitable financials
• Maximum 25% liquor sales
• Ansul system, 24 hour re-charge & semi-annual inspection
• Hoods, ducts, grease filters and surface cooking equipment, including deep fat fryers, are protected by a UL listed automatic fire extinguishing system.
• he system includes automatic shutoff of fuel and heat sources to all equipment, including electrically heated deep fat fryers.
• The system has a manual pull, readily accessible.
• A separate high limit switch is installed on any deep fat fryer which may have been manufactured prior to 1979.
• For both tenants and building owners, where buildings are 50 years or older, the plumbing, heating, wiring, and roof must have been renewed in the past 20 years.
• There are no current cited violations of fire or life safety codes
• The business must have favorable loss experience.

        
       Insurance, In-synch          SPT Brochure

Additional policies to consider

• Auto
• Boiler & Machinery
• Umbrella
• Workers Compensation