Please contact us today at 607-843-8860 or insurance@drickardinsurance.com 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.
Questions*
Best
- What is the best insurance for my Restaurant, Bar, etc. (Most asked question!)
Cost
Catering Insurance Questions
Delivery Insurance Questions
Liability Questions
Seasonal Business Insurance Questions
Employment Insurance Questions
- Do I have to buy my Workers Compensation Insurance from New York State Insurance Fund?
- Do I have to buy my New York State Disability from New York State Insurance Fund?
Answers*
Best
Question: What is the best insurance for my Restaurant, Bar, etc?
Answer: Unless you are operating a franchise or a business based a standard template like a franchise your business will not be exactly like others. Really you go to much effort for your business to be different than the others and that is what your customers like.
The same goes for insurance. The best insurance for your business is a policy that addresses every concern that you have in an affordable and scaleable way. Most insurance companies are not scaleable, meaning that your insurance policies are able to grow and change with your business. However, when you work with DRickard Insurance we have already collected many insurance companies that together they offer a wide range of products for nearly ever food service and vendor business. Thereby you save time with us as your business changes over the years when you work with us to find you the right company for the right time in the life of your enterprise.
Depending on your needs you will need us to help find you an insurer who understands liquor liability, business auto exposurers, entertainment, seasonal fluctuations, your menu choices, the safety devices in your building, employment insurance, food contamination, and your personal sensability and choices.
It sounds like you need a match maker. Let DRickard Insurance help to find you your best insurance match for your restaurant or bar. Contact us at 607-843-8860 or insurance@drickardinsurance.com.
Costs
Question: What is the average cost of restaurant insurance? (Most Asked Question!)
Answer: Insurance needs differ greatly because of this insurance costs do also. Over the years we have see restaurant insurance premiums as low as $250 a year. The most common small one or two employee restaurant insurance packages have premium costs in the ball park of annual premiums: Business Owner's Policy $1,000, plus Workers Compensation $1,000, Plus NYS DBL $150. So that totals about $2,150 annual need. Do not take these numbers as a quote or guarantee. Most restaurants find the coverage in policies this small to be inadequate. Contact us at 607-843-8860 or insurance@drickardinsurance.com for an insurance plan designed to fit your business strategy and needs. Be assured that with our many restaurant and bar insurance companies that we have many options and we are willing to search through them to find the best priced most appropriate restaurant insurance policies we can.
Liability Insurance Answers
Question: Do I have liquor liability automatically included in my Business Owner Policy?
Answer: No, in fact most business owner policies specifically exclude liquor liability. Depending on what your unique needs are, Liquor liability coverage may be able to be added to your Business Owners Insurance policy or purchasing the liquor liability on a separate policy might be preferable. Contact us for more information at 607-843-8860 or insurance@drickardinsurance.com.
Workers Compensation Answers
Question: Do I have to buy my Workers Compensation Insurance from New York State Insurance Fund?
Answer: No, in fact, we have many insured Workers Compensation Insurance solutions for hundreds of types of businesses that do not involve NYSIF at all. Contact us for more information at 607-843-8860 or insurance@drickardinsurance.com.
Question: Do I have to buy my New York State Disability from New York State Insurance Fund?
Answer: No and in fact we represent a company that offers a variety of NYS DBL solutions; including in expensive insurance for non-employee owners. Contact us for more information 607-843-8860 or insurance@drickardinsurance.com.
Question: My employees and stock fluctuate seasonally, what can I do to save insurance dollars?
Answer: A bad idea is to cancel and restart your policies every year. When you do this you have lapses in coverage and create a lot of administrative work for your agency and insurers. Many insurers will not allow the cancelations any rewriting policies to many times, so, you end up burning your insurance bridges. Instead, it is best to work with us because we work insurance companies that understand seasonal businesses. You can report the variations to your insurer as it happens. You can take advantage of custom seasonal fluctuation provisions that may be included in your insurance program. Get pay as you go options on your workers compensation policy. Work with an underwriter who will consider a range of maintenance agreements for your cooking, refrigeration, and fire safety equipment. There are many more concerns, you would do well to contact us for more information at 607-843-8860 or insurance@drickardinsurance.com.
Question: Do I need a special policy to cover catering?
Answer: Some companies do not insure catering, while others do. Many insurers will cover catering when properly added to your insurance policy. Contact us for more information 607-843-8860 or insurance@drickardinsurance.com.
Question: Do I have to have a separate policy for delivery?
Answer: Delivery is best covered on a Business Auto policy. Depending on the insurance contract language while unloading your operations may be covered by your commercial auto insurance while other activities may need to be covered by other commercial insurance. Additionally most businesses need insurance commonly referred to as Hired Auto and Non-Owned Business auto insurance. Since these concerns nay be quite complicated and not all insurance policies work well to gather, we encourage you to contact us for more information at 607-843-8860 or insurance@drickardinsurance.com.
Please note that this is by no means a complete list of questions, answers, subjects or concerns about the food service industry insurance policies. The content of this page reflect some common subjects discussed by DRickard Insurance. For more information please contact us at 607-843-8860 or insurance@drickardinsurance.com.