Insuring A Less Risky Future for Your Restaurant Business
Get the right insurance plan for peace-of-mind!
Get the right insurance plan for peace-of-mind!
Businesses are stronger by partnering with the best - those with longevity. As you know, almost every Supplier in the system has 30+ years of experience.
If you are considering switching brokers, ask the broker when their company started insuring Owner/Operators.
With a common effective date for so many owners, educating so many at once can be challenging and we hope this website helps.
You have access to 4 different insurance providers so picking the best for you vs. just comparing premium/cost can be hard.
With some companies having 30+ Years of Experience, we know everyone has different insurance needs.
A better insurance policy and broker will help protect your hard-won restaurants and business.
Ask For Your Total Insured
Value (TIV) per Restaurant
A 1.3 Million Insured Value Leaves You Self-Insuring For An Estimated 2 Million per Restaurant
If you see a % Wind Deductible in your Proposal, Ask for a Wind Buy-Down Quote from them
Ask if your signs, billboards, etc. over 1,000 feet away from your restaurant are covered.
If not, you can buy a tape measure below to see if you have coverage.
OR just select a program that covers them.
Some Quotes Have A "Policy Forms To Be Attached at Issuance" section
If so, watch out for the below which are different State by State
Request a sample/specimen policy before going with a new broker, policy, etc. as some have these hidden exclusions and more.
Serious...excluding Water related claims
This could be $250,000+ out of pocket per restaurant for ANY wind damage to your building, signs, etc. whether from a small thunderstorm, winter storm. tornado, or a hurricane
As you know, cash flow is king. A one -twelfth type down payment with 11 equal payments after that is preferred
If you pay in full, usually you can save money here too.
Ask your broker.
Some require 25% down, don't give up that much upfront. This is nearly 3 times more out of pocket today.
Some require you to pay all your premium in 10 months or even in 4 months.
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