Food Service Industry Insurance

Types of Businesses Covered      Ways to Save      Coverage Options      FAQ

Please contact us today and ask us to build you an insurance package that fits your needs, the savings and value can be considerable. We can find insurance for many types of businesses in the food service industry. 607-843-8860  insurance@drickardinsurance.com

Insurance Coverage Options for Food Service Businesses

After looking at the list below you may well ask yourself, Do I have all of the insurance I need and want

The following details about coverage that may be available to your business are to serve as a descriptive guide only and do not substitute for the definitions limitations, provisions, and exclusions in your policies. While the coverage items may be available to other business categories, discussion on this page is focused on the food service industry. This page is not to be used to interpret how a specific claim may be handled by an insurer. General insurance options and considerations available to the Food Service Industry include, in part, the following:

Property

• Building - Sounds simple, you can look at the policy you have and see that, yup, you have coverage for your building, however depending on what you policy states you may not have all of the causes of loss covered that you need. Here is a sample of items you may well wish you have covered. Then, when you see you have this coverage, what are the limitations and exclusions that apply to what you have? Please contact us so we can developed and explain the coverage you purchase from us.
• Fire
• Lightning
• Wind
• Explosion
• Collapse
• Glass - In most cases, coverage for glass is non-existent or very limited. Giving this item special attention may really pay off. For more information contact us at 607-843-8860 or insurance@drickardinsurance.com.
• Theft - What? Theft of building? Yes, perhaps 50% of the policies we see do not have theft of building coverage. So what, why do we need it? Theft of metals like copper from electrical and plumbing systems out of buildings is increasing. Also, in some cases appliances may be considered building by policy definition. For more information contact us at 607-843-8860 or insurance@drickardinsurance.com.
• Business Personal Property
• Fixtures - Many times you must upgrade the building you occupy by attaching fixtures, beautification and lighting elements to the building. This now makes the enhancements part of the building. To cover your interest in these a special endorsement may be needed on your policy.
• Inventory - You may be surprised how your consumable supplies are not covered. Based on your peak season activities and special events that come seasonally you may have greater inventory for short bursts of time, yet you do not need that higher amount of coverage year round. So to save money it is good to schedule these times and amounts of coverage as best as you may be able to predict the need. For more information contact us at 607-843-8860 or insurance@drickardinsurance.com.
• Equipment Breakdown
• Cart Coverage - Special coverage for food vending carts may be purchased separately or as part of a policy that includes an operation originating from a building. In either case your supplies and storage will likely be in another structure. If it is your home, you will need to consider home based business insurance. If your business operates out of a related private structure at your home, your homeowner policy likely no longer covers that building. Because buildings for business use are generally excluded from homeowners insurance coverage.
• Computer and Media Coverage
• Spoilage
• Signs - you may not have coverage for signs you have on a building you rent. If you do have coverage for your signs on or off your named insured premises you will want to make sure the amount of coverage and causes of loss are what you desire. Let us design this coverage for you. Contact us at 607-843-8860 or insurance@drickardinsurance.com.
• Property of Others - Most businesses have property of others at sometime. Consider this, for example, do you have displays, refrigeration units or beverage systems supplied to you by a vendor? Then you are responsible for property of some other entity or person. Likely you policy may not cover this, or if it does, the amount of coverage you have is very limited. For more information contact us at 607-843-8860 or insurance@drickardinsurance.com.

Income Protection

• Business Income
• Extra Expense
• Key Employee Insurance

Liability

• Premises Liability
• Bodily Injury - If a person is hurt at the insured premises and you are legally liable you may find relief with this coverage. For a more complete description and to design a policy with this valuable coverage email us or give a ring at 607-843-8860 or insurance@drickardinsurance.com.
• Property Damage - If property of others while not in your care, custody or control is damaged and you are liable for the accident, this coverage may help, subject to the terms of the insurance contract. As always, the ways to contact us are at 607-843-8860 or insurance@drickardinsurance.com
• Products Liability - In the food service business, you make a product, you need this coverage. We are happy to design a policy with you when you contact us at 607-843-8860 or insurance@drickardinsurance.com.
• Contractual Liability - Do you ever enter into agreements? If so, you very likely need this type of coverage.
• General Liability - Generally, :), expands the coverage that you receive in Premises Laity coverage to cover multiple undisclosed and not normally occupied locations. Ask for more details at 607-843-8860 or insurance@drickardinsurance.com.
• Operations Liability
• Completed Operations Liability
• Property of Others Coverage
• Liquor Legal Liability - Any time you serve an alcoholic beverage, even if you are not paid for it you are subject to Liquor Legal Liability. Even if you allow Bring Your Own, BYO, your are exposed to this risk. Let's discuss what coverage is right for you at 607-843-8860 or insurance@drickardinsurance.com
• Fire Legal Liability - If you damage a location that you have rented or leased, and you are legally liable you will wish you had this. For details on exactly what this does and to acquire this type of coverage, please make contact with us at 607-843-8860 or insurance@drickardinsurance.com
• Cyber Liability - One of the fastest growing areas of crime and risk are related to the virtual world. Do you use computers attached to the internet? Do you take credit cards payments? Do you have information about your clients? If you answered yes to any of these questions, you have an probability of be effected by cyber crime in your lifetime. The risk of cyber crime gives rise to the need for cyber liability and therefore the need for cyber liability insurance. The government has and is creating new laws to deal with these issues. Paying for consumer protections and notifications after a breach can be cripplingly expensive. Insurance for and protection from cyber threats is a great strategy to protect your business and yourself from this very real business destroying risk, while growing your enterprise in the 21^st century. You need to hear more about this at 607-843-8860 or insurance@drickardinsurance.com

Crime

• Employee Dishonesty
• Money & Securities
• Identity Recovery
• Food Contamination
• Data Compromise
• Cyber Crime - One of the fastest growing areas of crime and risk are related to the virtual world. Do you use computers attached to the internet? Do you take credit cards payments? Do you have information about your clients? If you answered yes to any of these questions, you have an probability of be effected by cyber crime in your lifetime. The risk of cyber crime gives rise to the need for cyber liability and therefore the need for cyber liability insurance. The government has and is creating new laws to deal with these issues. Paying for consumer protections and notifications after a breach can be cripplingly expensive. Insurance for and protection from cyber threats is a great strategy to protect your business and yourself from this very real business destroying risk, while growing your enterprise in the 21^st century. You need to hear more about this. Contact us at 607-843-8860 or insurance@drickardinsurance.com.

Employment Related Insurance Policies

• Workers Compensation - Not all Workers Compensation plans are created equal by the virtue of the insurer standing behind the plan, payment options and the premium structure. You do not need to buy insurance from the NYSIF. (If you must and you choose to you may hire us. Contact us at 607-843-8860 or insurance@drickardinsurance.com to represent you to NYSIF.) For many businesses in the Food Service business we have found plans that may even pay dividends back on premium paid. If you have been operating a good loss free business for years, you may be eligible for low premiums. If you would like our help with Workers Compensation Insurance let us know at 607-843-8860 or insurance@drickardinsurance.com. Emailing a copy of your current declaration page is often helpful in preparing a quick proposal.
• New York State disability - aka DBL. Let us help you with diverse option filled policy forms that includes the basic DBL that New York State requires and may include, by your choice options that cover the business owner, volunteers, adding accidental death and dismemberment, hospital indemnity, higher limits of benefit payouts, elimination of waiting periods in some cases, and more. Plans Start at $125 annually. For more information contact us at 607-843-8860 or insurance@drickardinsurance.com.
• Key Employee Replacement - Overhead expense protection related to death or disability of a key employee. As you may have guessed by now you are invited to contact us about this valuable coverage at 607-843-8860 or insurance@drickardinsurance.com.
• Employment Practices Liability
• Employee Benefits
• Health
• Life
• Disability
• Long - Term (up to age 65)
• Short - Term (up to 24 months)
• Retirement
• Employer Funded
• Employee Funded
• Both Employer and Employee Funded
• Key Employee
• Business Overhead Protection
• Owner Buy Out

Auto

• Your Vehicles
• Temporary Replacement Vehicle
• Employees Vehicles

Surety

• Bonds

All prices, programs, features, underwriting, offers, representations and companies shown in this site are subject to change without notice. We may add or discontinue a company or program or an insurer may change underwriting criteria or product line availability without notice to us. With the insurance industry constantly changing we may not be able to keep the site up with the latest information. For the up to date info please contact us. All insurance applications are always subject to current underwriting rules, acceptance of the insurer and adequate premium paid.