The author of this article is George Douramanis, President of DurAmerica Brokerage Inc. He has been serving the New York tri State area for over 20 years. He has extensive experience in the insurance industry and represents many top rated insurance companies and thousands of clients for both personal and commercial insurance policies.
If you own a eatery, there are numerous concerns that you will have to take into consideration to ensure that everything goes smoothly. One of these is having adequate restaurant insurance for your business.
Many business owners fail to realize is how important having the right coverage is, now we all realize that price is a very important factor, so seperating and deciding which coverages are right for you and your business are critical steps to acquiring the right insurance policy at the right price.
It is important to hold restaurant insurance in case something goes wrong during the running of the restaurant. There are many things that are concerns and that can occur; slip & fall accidents to both customer and your staff, fire & water damage which happen quite often at eateries and a customer claiming food illnesses are just three examples of risks restaurant owners face on a day to day basis. Therefore, restaurant insurance policies tend to offer or cover for all three of these and more as standard. Additionally, legal expenses and court costs can amount to enormous expenses in the event of a claim, this can destroy a business by itself. Business interruption can also e covered, this means covering the loss in profits should the restaurant have to close temporarily or for longer periods of time in the event of a claim.
In addition to the standard features covered by a restaurant insurance policy, different companies offer optional extras that will be in place for less common occurrences (but no less dangerous in some cases). Computer breakdown coverage can protect your records or data like outstanding receivables, your point of sale system and other documents that are criticalto you. Equipment breakdown coverage is very important and can cover all of your refrigeration units, ovens, grills, hoods and any other equipment that is critical to business operations on a day to day basis. We can even cover theft by your employees.
There are specific insurers in NY and throughout the United States who cover for all types of businesses involving food, such as the white table cloth restaurants, fast food establishments, delis, grocery stores, cafe’s and any other type of business that sells food products. These insurers and DurAmerica Brokerage will always be able to give you specialist advice either over the phone or by email, which can be beneficial when deciding on what cover and whatnot to cover. Because we have access to so many insurance companies, we are able to provide a broad range of rated carriers,some will be more or less expensive and some will offer more or less coverages, so having an expert in the field who can explain and find the right coverage for you and your business is of utmost importance.
If you find you feel that searching for restaurant insurance could potentially be too difficult or time consuming, you may want to look at using our services. Our dedicated professional staff is available to assist you in obtaining quick free quotes to ensure that business grows properly and is always secured.
Besides NY restaurant insurance we also offer insurance for any other type of business or entity, just call one of our professional staff members and they can assist you in finding the right policy for you.
Make sure you buy the right cover for your restaurant; you will want to ensure all possibilities are covered so that you can spend time running the day to day operations of your business without having to think about the insurance side, leave that to us.
Call us at any time at (718) 626-0700 and ask to speak to a restaurant specialist.