Restaurant Insurance Denton
Restaurant insurance in Denton or anywhere in Texas for that matter is not one size fits all – different companies look at different things to determine their willingness to provide coverage. Whether you are a small-town burger joint or a franchise, restaurant insurance can provide you with a peace of mind that if something happens, you are covered. Insurance companies across the board have different rules and regulations relating to their appetite (no pun intended). For most companies, restaurants are a class of business they want to write so the options can be numerous when working with an independent insurance agency like Ryan Everet Insurance.
Some key questions we see that can impact a company’s willingness to provide coverage:
- Is the fire suppression UL-300 compliant?
- Is there a central station fire, sprinkler, or burglar alarm system?
- Is there deep frying?
- Contract for commercial cleaning of exhaust hoods.
- Is it casual, fine dining, fast food (if fast food, is it a chain)?
- Do you sell alcohol (if so % of alcohol to gross sales)
- Do you have any special events/promotions such as music on the weekend or special events? Dancing?
- Do you cater? Deliver? Offer take-out?
- Do you have happy hours?
- If the building is over 15 years old, year of updates to electrical, plumbing, heating/air, and roofing.
Of course, the company is going to need to know if you own or lease the property, and if the latter, are you responsible for the building insurance because of a triple net lease (frequently seen here in Denton).
Most business owner’s policy focusing on restaurant coverage allows owners to choose between the coverage they need:
- General liability
- Building
- Business Personal Property
- Liquor liability
- Business Income/Extra Expense
- Cyber
- Worker’s compensation (not required in Texas but recommended)
- Employment practices liability
- Food Contamination
- Umbrella Insurance
An experienced insurance advisor can consult with you to put together a package and price that works best for you. At Ryan Everet we have multiple companies that want to write restaurants including The Hartford, AmTrust, Travelers, Liberty Mutual and Chubb to name a few.
Let us know how we can help by filling out this short questionnaire about your business and one of our licensed commercial insurance advisors can research your options in the marketplace.