Restaurant, Bar & Tavern
Restaurant, bar, and tavern insurance provides coverage for any business that serves food and/or alcohol. The coverage is a broad-based offer for all types of hard to place accounts, which can include property, crime, liquor liability, umbrella/excess and many other categories which can be viewed below.
Our Capabilities
Preferred Advantage can secure hard to place restaurant coverage on either a package or monoline basis in all states. Under the package coverage option, restaurants are covered if they have food. Under the monoline coverage, the insurer can elect from one of these options or combine them for additional coverage.
We specialize in:
- Coverage on package or monoline basis in all states
- Package: Restaurants are covered if they have food receipts greater than 50% of the total gross receipts.
- Monoline: The insurer can elect from one of these options or combine them for additional coverage
- Hard to place programs
- New programs
- Companies that have had a significant number of claims
- Companies going through change, such as a sale
- Companies experiencing rapid growth
Coverage
Restaurants, Bars, and Taverns require many types of insurance coverage, including:
- Property
- Business Personal Property
- Building
- Business Income
- Equipment (Boiler and Machinery)
- Food Contamination
- Signs / Glass
- Commercial General Liability
- Operations / Premises
- Personal Injury
- Advertising Injury
- Products / Completed Operations
- Contractual Liability / Owners Liability
- Employee Benefits Liability
- Employment Practices
- Liquor Liability
- Crime
- Employee Dishonesty
- Umbrella
Claim Examples
Here are some common concerns most restaurants should think about and ways in which we can help alleviate those concerns.
Property
- Fire: A local bar was operating out of the insured’s one story frame building. The bar rented two outdoor heating units for their outdoor beer garden. A fight broke out between three patrons and one of the heating units was knocked over. The heating unit fell onto some flammable party decorations and started a small fire. The fire spread to the ceiling of the open-air beer garden and caused extensive damage. The beer garden was closed for the remainder of the season and the roof was repaired at a cost of $15,000.
- Wind
- Vandalism
- Lightning
- Water
Casualty
- Bodily Injury: A customer slipped on the floor that was wet from the rain and sustained a leg fracture and successfully won a judgment against the restaurant for $12,000.
What We Need
- Bar/Tavern/Restaurant/Nightclub Application
- Representation of incurred loss history for the past three (3) years
- The number of employees working within each establishment
- The number of locations to be insured
