Fine dining establishments have special coverage needs that don’t apply to the generic restaurant insurance packages that suffice for most others. Often, a fine dining establishment’s food-to-alcohol ratio is outside of “big-box” insurance provider guidelines. Or its inventory of delicate meats and seafood may cause premiums on spoilage coverage to soar.
Our team of skilled agents will work with you to ensure that the most essential coverages are written in your policy and that any additional offerings associated with your fine dining establishment are covered and protected under your insurance policy at a competitive premium.
Availability: All States
Target Market & Eligibility:
- Full-service fine and casual dining restaurants with light entertainment and less than 40% liquor sales
- Minimum sales of $750, 000, Minimum Premiums of $5,000
Features
- Liquor liability aggregate limit $2,000,000
- Global Admitted carrier rated “A++ XV” by A.M. Best
- Broad coverage & competitive pricing
- Northeast wind coverage
- Tips included as Business Income
- GL & Property Package (IM and Crime available in package)
- Ability to add Business Auto separately
RESTAURANT ENHANCEMENT ENDORSEMENT
COUNTRYWIDE
Available coverage enhancements, subject to underwriting:
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Coverage |
Comments |
ICC Restaurant Enhancement |
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BUILDING AND PERSONAL PROPERTY COVERAGE FORM – ADDITIONAL COVERAGES |
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Accounts Receivable |
$50,000 |
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Brands and Labels |
$50,000 |
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Computer Fraud and Funds Transfer Fraud |
$25,000 |
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Debris Removal |
25% + $100,000 |
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Employee Dishonesty |
$100,000 |
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Fine Arts |
$100,000 |
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Newly Acquired Fine Arts |
30 days |
$10,000 |
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Fire Department Service Charge |
$25,000 |
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Fire Extinguisher Systems Expense including Automatic Cooking Protection Systems |
No Deductible |
$25,000 |
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Forgery or Alteration |
$25,000 |
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Lost Key Consequential Loss |
$100 Deductible |
$5,000 |
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Money and Securities |
$25,000 IN / $10,000 OUT |
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Money Orders and Counterfeit Money |
$25,000 |
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Ordinance or Law – Building or Tenants I&B (A) Undamaged Portion |
Bldg./I&B deductible |
Included in Building Limit |
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Ordinance or Law – Building or Tenants I&B (B) Demolition Costs |
$250,000 |
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Ordinance or Law – Building or Tenants I&B (C) Increased Cost of Construction |
$250,000 |
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Ordinance or Law – Equipment |
Within limits |
Included |
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Reward Payment |
N/A in New York |
$10,000 |
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Utility Services – Direct Damage, including Spoilage |
Bldg./BPP Deductible |
$25,000 |
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Leasehold Interest Improvements and Betterments |
$100,000 |
|
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Catering Contract Penalty Clause |
$25,000 |
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BUILDING AND PERSONAL PROPERTY COVERAGE FORM – COVERAGE EXTENSIONS |
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Boundary Extension |
1,000 feet |
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Extended Computer Coverage |
$100,000 HW / $100,000 SW |
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Computers in transit or off-premises |
$25,000 |
|
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Artificially Generated Electrical Current |
Within limits |
Included |
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Newly Acquired or Constructed Property |
90 days |
$1,000,000 Bldg. & BPP |
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Outdoor Property |
$25,000 ($1,000 tree/shrub) |
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Outdoor Signs |
$25,000 |
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Pairs or Sets |
Within limits |
Included |
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Personal Effects / Property of Others |
$50,000 |
|
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Including Checkroom Theft |
$250 Deductible |
$25,000 ITEM / $50,000 AGG |
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Property in Transit |
BPP Deductible |
$25,000 |
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Property Off Premises |
BPP Deductible |
$25,000 |
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Sewers and Drains - Back Up |
$100,000 |
|
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Tenant Glass |
Included if lease requires |
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Valuable Papers and Records |
$50,000 |
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BUSINESS INCOME (AND EXTRA EXPENSE) COVERAGE FORM – COVERAGE EXTENSIONS |
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Food Contamination |
24 hr. Deductible |
$25,000 BI / $25,000 EE |
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Utility Services – Time Element |
24 hr. deductible or BI or COL deductible, whichever is longest |
$100,000 per location (up to maximum of $500,000 for any one “named storm” regardless of # of locations) |
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Tips included as Business Income |
Within limits |
Included |
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$1,000 deductible applies unless stated elsewhere in the endorsement. |
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If there is a Deductible or “period of restoration” that applies to a specific Cause of Loss that is covered within your policy, that specific Cause of Loss Deductible or “period of restoration” supersedes any Deductible or “period of restoration” within this endorsement. This includes, but is not limited to, a Deductible or “period of restoration” for windstorm, earth movement, earthquake or flood. |
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