As a restaurant owner, it’s important to have the correct restaurant insurance coverage to ensure you can stay in active business if an unexpected event occurs. Often, new business owners are unaware of what insurance requirements they need. Ranging from small restaurant insurance to large restaurant insurance policies, Nevada Insurance Solutions can provide you with the information, the coverage you need, and more.
Our appointed agents can offer restaurant insurance coverage for the following lines of business:
Workers’ Compensation protects restaurant owners as well as their employees in the occurrence of an injury on the job-site. We provide coverage benefit packages tailored specifically to your restaurant.
BOP (Business Owners Policy)
A business owners policy is a type of commercial insurance that allows us to provide our clients various protections for their restaurant. The Business Owner Policy combines insurance coverage into one package. General Liability & Property Insurance are your typical standard combination; however, we can offer other lines of business to your policy as needed.
Automobile & Transportation Insurance
If you happen to be a restaurant on wheels, we have got you covered! Our agents will create a policy for you providing various protection in case of an accident or mechanical issue, ensuring that your operations flow as smoothly as possible.
Employment Practices Liability Insurance (EPLI)
Employment Practices Liability Insurance covers most wrongful acts from the employment process. A few of the most frequent types of claims covered under this policy include wrongful termination, discrimination, sexual harassment, and retaliation. This policy also covers claims from other inappropriate workplace conduct, including defamation, invasion of privacy, failure to promote, deprivation of a career opportunity, and negligent evaluation.
What type of insurance coverage do I need for my restaurant?
In the event of a loss to your accounts receivable records caused by a covered peril, we can cover: the sums that are due from your customers which you cannot collect, the interest charge on a loan if that loan is used to offset those sums that cannot be collected, collection costs that result from a loss which are above your normal collection costs, and the reasonable cost to reconstruct your accounts receivable records.
We cover perishable stock owned by you or by others that is in your care, custody, or control. Perishable stock is covered only while at the premises described in the declarations. We insure against loss caused by breakdowns, contamination, and power disruption.
Money and Securities
We will pay for theft, disappearance or destruction of money and securities you use in your business as shown by your records. This coverage will not pay for any loss caused by or resulting from arithmetical errors; dishonest criminal acts of employees, directors, trustees, or representatives; the giving or surrendering of money or checks in exchange of purchase; or damage resulting from fire.
We cover your business personal property for loss caused by the perils covered while in a building described on the declarations. This coverage is limited to property that you own, hold, or for which you are legally liable.
Back Up of Sewers and Drains
We will pay for loss resulting from water which backs up through sewers or drains or water which enters into and overflows from within sump pump well or other type of system designed to remove subsurface water which is drained from the foundation area.
Recharging of Extinguishing System
We will pay to recharge your automatic fire extinguishing system if the system was activated to extinguish a fire and did so effectively. A deductible will apply.
Foundations, Retaining Walls, Piling, Piers, Wharves or Docks
We will cover foundations which are below the lowest basement floor or below ground level if there is no basement: retaining walls that are not part of buildings or structures; or pilings, piers, wharves, or docks.
We will cover direct physical loss caused by a covered peril to paintings, etchings, pictures, tapestries, rare or art glass, art glass windows, valuable rugs, statuary, sculptures, antique furniture, antique jewelry, bric-a-brac, porcelains, and similar property or rarity, historical value, or artistic value.
Restaurant Insurance In Nevada
We focus on providing our clients with the best insurance coverage at the cheapest cost. Restaurants are exposed to many risks, this makes them extremely vulnerable to lawsuits. Whether your employee accidentally cuts themselves with a sharp knife, or a customer gets food poisoning from your food, we have a policy that will cover you!
If you are a business that cooks or serves food, you should have restaurant insurance. Business types include:
- Family-style restaurant insurance
- Fine dining restaurant insurance
- Fast food restaurant insurance
- Bars/ Taverns insurance
- Cafe’s/ Coffee Shops
- Food Delivery services
- Sandwich Shops
What Does Restaurant Insurance Cost?
Since every restaurant has unique risks, the cost of restaurant insurance will vary from business to business.