Whether you own an exclusive high-end restaurant, an open-all-hours diner, or a pop-up food
truck,
your business is unique. But, for every food-industry enterprise there are common insurable
risks:
general liability; product liability; business interruption caused by natural disaster or
equipment
failure; lawsuits from unhappy customers; employee theft; liquor liability, and more.
Of the many lessons learned during the COVID-19 pandemic, for the catering industry those of
“not
all insurance policies are created equal” and “be sure to read the small print,” must surely
have
been among the most hard-felt. Too many small restaurants went under between 2020 and 2021 not
because they were uninsured but because they were uninsured against the one thing that
threatened
them.
As a food-business owner you can and should pay close attention to your restaurant insurance
policies and, as far as possible, get the best coverage for your individual circumstances.
There are off-the-shelf restaurant insurance packages and there are customized bespoke insurance
policies. For the food-industry it’s important to fully understand what you need. For example:
if
you deliver food or use a company-owned vehicle to collect food, you should have automobile
liability insurance. If you serve alcohol, you will need liquor liability insurance.
Information that you will need before investigating your restaurant insurance options includes:
the
size, type, and age of your premises; the size of your business—projected sales and number of
customers; the value or your equipment and inventory; the number of employees; the location of
your
business and, of course, the type of business—the owner of a nightclub downtown will have quite
different insurance needs from the owner of a rural gastro restaurant.
The Vozza Agency has been specializing in restaurant insurance
in New Jersey for over 50 years. Not
only are we familiar with the needs of the food industry, we keep up-to-date with current New
Jersey
law and current restaurant trends i.
We will never sell you a policy you don’t need nor will we suggest you don’t take insurance that
you
do need.
We will take care of you every step of the way, helping you to understand exactly what a policy
provides. If a customer sues you for food poisoning are you insured for loss of earnings, legal
costs, brand damage? If a fire was caused by a fryer that was left on overnight, is your
building
still protected? If you lose power and have to close for the night are you covered just for the
loss
of earnings or for loss of earnings plus the cost of throwing away spoiled product?
Insuring your food-industry business is complex and restaurant insurance policies may sometimes not
be all they seem. But we can interpret the details to get you what you need at a price you can
afford.
We know you value your business, we know you want the best possible restaurant insurance, we know we
can provide it.
