Fast Food Restaurant Insurance
Peace of mind – You’re In Good Hands
Fast Food Restaurants are eating establishments that offer consumer meals that are convenient, at a low cost, and served quickly.
Most stand-alone Fast Food Restaurants occupy buildings that have been constructed solely for food preparation and or consumption, whereas other restaurants may be located in buildings that were originally designed for other purposes and have been remodeled.When you open a Fast Food Restaurant, which requires a large time and money investment,
Good planed Insurance for the Fast Food Restaurant is what will protect you in the event that something unforeseen were to happen.
Property insurance: to protect your physical assets such as building, stock, equipment and computers, including equipment removed from your premises.It includes standard coverage for loss due to fire, theft or vandalism and covers the cost to rebuild or repair business property.
The Business Interruption exposure for restaurants will be substantial because damage caused by a fire or flood may shut the business down for a long period of time or permanently. The period of interruption depends primarily on the extent of damage to the kitchen and storage area.
Boiler and Machinery: Equipment Breakdown
Boiler and Machinery
The Following Hospitality Businesses: Family Style Restaurant Insurance Fast Food Restaurants Insurance, Fine Dining Restaurant Insurance,Bed & Breakfast Inns Insurance,Bowling Alleys,Bingo Halls,Drive-in,Country Inns Insurance ,Coffee Shops Insurance,Catering Companies Insurance,Pubs & Bars,Taverns,Swinger Club,Night clubs,Exotic dancers,Cabarets,Hotels, Motels, Resorts and Karaoke Clubs,will have Boiler and Machinery exposure because they rely heavily on refrigeration equipment to store food and keep it from spoiling.
Heating and air conditioning equipment will also need coverage for breakdowns.
Typically, a restaurant will have $25,000-$50,000 worth of food in stock. If there is an electrical failure there may be significant food spoilage.
The Crime exposure for restaurants will be significant due to burglary, robbery, and employee dishonesty. Because many restaurants operate late at night and have considerable amounts of cash on the premises, they are attractive targets for thieves.
The risk of death from fire will be an important exposure for a restaurant.
Slips, trips, and falls occur commonly. (Slips, trips and falls may result from floors made slippery by spilled food or liquid)
Liability exposure to your restaurant from waiters or waitresses who may spill hot dishes or beverages on patrons, causing burns or damaging the patrons’ clothing. A patron may choke on food while in the restaurant.
Product Liability exposure because of the high risk of food poisoning which is due to the increased outbreaks of food borne illnesses such as Escherichia coli (E.coli) and salmonella. Allergic reactions to foods can also lead to claims.
Slips and Falls
For visitors to Fast Food Restaurants slips and falls will present the main General Liability exposure Slips
and falls may result from floors being slippery due to spilled food or liquid,worn floor coverings or rubber mats that are flipped over or curled up at entrances.
What is the condition of the Fast Food Restaurants sidewalks and parking lots? Sidewalks and parking lots should be well lit and free of cracks or potholes that could cause visitors to trip and fall or lead to accidents.
Fast Food Restaurants will have beverages (e.g., coffee ,tee,hot chocolate) that are served extremely hot, and mouth or skin burns could result General Liability exposure.
Fast food restaurants will have a serious Product Liability and Completed Operations exposure due to the potential for unsanitary conditions, foreign objects in food, improper storage, and or temperature control and food that is uncooked or undercooked the high risk of food poisoning.
Leon Levi (R.I.B LLQP)
Commercial Insurance Account Executive
800 Denison St, Suite 200
Markham, Ontario L3R 5M9