Tag Archives: restaurant insurance

The Importance of Restaurant Insurance

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If you own a restaurant, you will need some type of insurance policy to protect your investment. Restaurant insurance is designed to safeguard your business from a number of problems. The type of policy you will need depends on the location of the restaurant. If you are under the obligation of a bank loan. you will also need insurance coverage according to the bank’s guidelines.

There are numerous types of restaurant insurance policies you can choose from. It is best to understand the laws in your locale prior to picking a policy. There is no need to opt for coverage you may not need in your situation. Consider the type of business you will be running before you choose a policy. It is a good idea to work with an insurer who can provide protection that is specific to your needs.

The most essential types of coverage are general liability, workers’ compensation and property insurance. General liability protects you from lawsuits should anyone get injured or sick in your restaurant. Workers’ compensation provides a similar type of protection for your employees. Property insurance safeguards the building and property in the event of a fire or other disaster.

There are many other types of protection you can use to augment your insurance policy. If you sell alcohol in your restaurant, most states will require you to purchase liquor liability insurance. This protects you if a customer becomes injured after drinking at your establishment. Insurance to cover food contamination due to loss of power is also a good investment. Additionally, specific peril insurance will protect your business from natural disasters.

Restaurant insurance will cover anything from liability issues to faulty equipment. As a restaurant owner, you are obliged by the law to protect your business with insurance coverage. For added protection, consider obtaining a life insurance policy to protect your loved ones from financial obligation. Before you open for business, it is important to determine what type of policy you should commit to. Procuring an insurance policy will safeguard your livelihood so you can reap the rewards of running a profitable business.

Restaurant Insurance | Maryland Insurance

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One of the most important, and most unseen, aspects of operating a restaurant is having good insurance. Many times, insurance may be only an afterthought, but it is vital to the long term success of a restaurant.

Restaurant insurance will help to protect the owners from damages and losses associated with unforeseen events. Not only is it important to mitigate monetary damages, but it can also be required both by state law and by some financing agencies in order to operate and secure financing.

Like most insurance types, there are a variety of different options available. Property insurance is crucial to a business because it will cover the costs of rebuilding should a fire or other incident occur. Being secure that the building will survive most events can help to reassure investors. Unfortunately, most property insurance does not cover weather related damages which are covered mainly by a different policy option.

General liability is insurance against events that may happen to patrons inside of the restaurant. This includes cases such as food poisoning or slip and falls. Having general liability can save a business from a bad series of events that could end in an expensive settlement.

Workers compensation is another type of insurance that may be required. This insurance will cover the costs of medical and other bills should an employee of the restaurant be injured while on the job. Without this insurance, then those bills would have to be paid out of pocket.

There are a number of different options that can be included in a restaurant insurance policy. There are insurance policies for nearly every situation. There are even policies that can cover the failure of the business, liquor liability for the actions of intoxicated customers, and automobile liability if your restaurant uses delivery vehicles.

Whatever the need, there are restaurant insurance policies available to help protect the business. They can help to make sure that the business runs smoothly over the years and help to increase profits even when unexpected events occur.

Restaurant Insurance: A Necessity for Any Restaurant

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Restaurant insurance is important to have, because it can protect your business from liability issues and lawsuits due to broken equipment. There are many common everyday scenarios restaurants face that can become easily hazardous. This article will discuss some of the great reasons to consider getting insurance for your restaurant business today.

Think about how often chefs are using the fryers in a kitchen, or how often your restaurant is exposed to open flames. Wouldn’t it be a tragedy if a fire broke out in your restaurant? Think about how your business would be severely financially affected, in addition to the injuries workers or even your customers could sustain. Having to engage in legal battles could prove to be even more expensive.

With restaurant insurance, your business is protected from common everyday scenarios like the above that can harm your business.

There are a variety of more specific types of restaurant insurance you may want to invest in for your company. Food contamination insurance is especially helpful if your restaurant happens to lose power one day. If your restaurant loses power due to a storm or fallen power lines, then food contamination insurance will cover the entire contents of your freezer in which you keep your food. Perhaps you own a gourmet restaurant and keep thousands of dollars worth of food in a freezer. This type of restaurant insurance would then cover your valuable losses and would prove to be a valuable investment.

Loss of Business insurance is another kind of restaurant insurance that protects your restaurant. Perhaps you start losing sales or customers due to a recent incident at your restaurant. Depending on what the reason is you may be able to recoup some of the losses with Loss of Business insurance.

Some types of restaurant insurance include all of the specific types in an all-in-one sort of package. This can be a highly favorable choice, if you want to cover all of your bases as a restaurant. If you place a high premium on being prepared, then all inclusive restaurant insurance is the perfect choice for you.

Other times in which restaurant may protect you are for food spoilage, liquor liability reasons, worker’s compensation lawsuits, and a plethora of other scenarios.

Having restaurant insurance is the best way your restaurant can prepare for the worst. Be prepared and your preparation may be a smart investment in the future when you need insurance most.

CNA Loss Control Seminar | RHH Insurance

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Rossmann-Hurt-Hoffman Inc

Is pleased to announce the

CNA Loss Control Seminar

“Building a Solid Foundation”: Managing Law Practice Risk

Date: May 19, 2009 (Tuesday)

Time: 9:30 AM. – 1:00 PM.

Place: Oriole Park at Camden Yards – Inner Harbor – Baltimore, MD

The program will be conducted by Alvin Frederick, Esquire (Eccleston & Wolf) and Glenn Grossman, Deputy Bar Counsel (Attorney Grievance Commission) as well as their special guest, the Honorable Glenn T. Harrell, Jr., Judge of the Court of Appeals of Maryland.  The general topic will be “How to Avoid Lawyers Malpractice Claims” and Judge Harrell will share his thoughts on the most significant decisions of our appellate courts during the prior year.

While we WELCOME your participation every year, it is only necessary to attend our seminar once every three years to receive your premium credit.

A Complete Breakfast Buffet Will Be Served.

7.5% Premium Discount

If you are a Sole Practitioner and attend the seminar, you will receive a 7.5% Premium Discount for three (3) consecutive years.  If you are a Firm, then all members must attend to receive the full 7.5% credit; if less than 100% attendance, the firm will receive a pro-rata credit based on the number of attorneys that attend.  Again, this Premium Discount will apply for three (3) consecutive years.  Examples of how this credit is applied appear below.  (Based on full 7.5%)

1. Annual Premium: $5,000

Total Credit Granted for 3 Consecutive Years ($375.00 per year)           $1,125.00  

2. Annual Premium: $10,000  

Total Credit Granted for 3 Consecutive Years ($750.00 per year)           $2,250.00

SPACE IS LIMITED AND EARLY REGISTRATION IS STRONGLY RECOMMENDED

Please review the enclosures for additional information, registration forms and directions.  Do not hesitate to call our office should you have any questions.  We look forward to seeing you.

*Should anyone need any special assistance, please let us know.

 To sign up please visit our website

RHH Insurance New Website | Maryland Insurance

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Welcome to the new Rossmann-Hurt-Hoffman, Inc. website!  We are very excited to be able to offer you this new platform which has been in development over the past six months.  We hope that you will find our new website informative and pertinent to your insurance needs and questions.  It features Special Programs we offer including our Endorsed Restaurant Association of Maryland Program, Exclusive CNA Lawyers Professional Liability Program, as well as Jewelers Mutual’s program for Jewelers and specialty markets for Contractors. 

Be sure and check out the information on Homeowners and Automobile Insurance on our Personal Insurance page!  The new site is easy to navigate and contains many helpful hints.  There are also links to applications to submit quote requests for your insurance needs.  Our agency takes your privacy and securing your confidential information very seriously.  Our website is secured by Network Solutions SiteSafe Service to make sure that any information you provide to us via our website is secure. 

We hope you enjoy our new website, and visit us often for the latest updates and news