Securing Restaurants and Restaurateurs in Belleville and Swansea, IL
Restaurants face a lot of risks, including fires, theft, injuries, and contamination's. These risks can cause significant financial losses if the risks are un-mitigated. Insurance is one way of protecting against risk and at Steck-Cooper & Co. we have a comprehensive restaurant insurance program that makes full coverage for a restaurant available at the right price. The packages we write through our program are tailored to the needs of individual clients and provide the greatest value.
Coverages Tailored to Your Restaurant
You may be required to carry several types of insurance, some of which are required by law and some of which may be required by lending institutions. Still more insurance may be necessary to cover your exposures. Illinois requires businesses to have basic liability coverage, and this applies to structures, commercial vehicles, workers compensation, and other basic elements of food-service operations. At Steck-Cooper we tailor coverage to protect you against the many exposures a restaurant faces.
The coverages in your restaurant insurance plan will apply to business operations, property, liability, and other elements of your enterprise. Crime and general and liquor liability are among these coverages, and these and other coverages will be carefully selected. The options you have are sourced from different carriers, each of which makes it easier for your fully customize your solution.
The options available to you include:
- Business owners policy (BOP)
- Workers compensation
- Commercial auto (vans, trucks, cars, and trailers)
- Non-owned and/or rented auto
- General liability insurance
- Property coverage
- Identity theft insurance
- Valuable papers coverage
- Loss of income insurance
- Equipment breakdown
- Medical payments
- Inland marine insurance
- Liquor liability insurance
- Umbrella insurance
- Data backup and/or computer system coverage
- Product liability
- Building coverage
- Contents coverage
- Food contamination coverage
- Employee crime
- Water backup
Your restaurant insurance policy can include coverage for water backup, which results from overflows, leaks, and other water-related incidents. Your policy does not cover flood damage however, and depending on the location of and nature of your business, you may sustain flood damages. For this reason, it may be wise to consider purchasing flood insurance. To learn more, see the National Flood Insurance Program’s commercial coverage page or ask an agent.
Restaurants and food-service businesses that need restaurant insurance include:
- Food delivery businesses
- Fast food operations
- Pizza restaurants
- Fine-dining restaurants
These locations can be company or franchise-owned and they can be family-style, casual, or fine-dining. Food management contractors and independently owned or chain restaurants can also benefit from restaurant insurance.
At Steck-Cooper we will help you select coverages that suit you best. We’ll also help you take advantage of benefits and discounts like accident-free and multi-unit discounts. You can save by reducing rates and increasing limits through these and other benefits, and we will help you develop a policy that maximizes benefits.
Working with Steck-Cooper to Find the Right Solution
From enterprise to enterprise, most general restaurant insurance is similar, but each insurance policy has coverages that are unique to a policyholder’s needs. Limits, rates, and deductibles are also unique, and for this reason and others it is important for restaurant owners to have insurance agents in whom they have complete confidence. At Steck-Cooper we strategically select coverages with you so that your business is totally protected and that you get the best deal. We also support you throughout the life of your policy.
There are many details to know and understand in any restaurant insurance plan, and we’ll make sure that you know and understand the details of your plan. We’ll manage risk and claims and ensure that you get the most value from your insurance investment. Please contact us or give us a call to learn more. You can also request a quote to start on a policy.
Steck-Cooper is proud to provide restaurant insurance in Belleville, Swansea, O’Fallon, Fairview Heights, Shiloh, and Alton, IL. We also serve other areas in the state and we serve Missouri.