RESTAURANTS Insurance

A Plate of Products Designed to Protect You In & Out of the Kitchen

MGRA Restaurants Practice

Every day your restaurant operation faces a number of exposures that can upend your operation: from slips and falls on the premises, to the potential for an intoxicated patron to cause an accident once he or she leaves your establishment, to food contamination, property damage, equipment breakdown, business interruption, data breaches and allegations of employee discrimination or harassment. There’s so much to think about.

At MGRA, we help take these risks off your plate so you can focus on serving your customers great food and service. We specialize in providing restaurants with a total insurance and risk management solution. We insure fast food franchises as well as family style, fine dining, casual dining and catering establishments.

How Well Does Your Restaurant Liability Insurance Cover You?

In reviewing your liability insurance program, there are certain key areas our professional staff will look at to insure that your coverage doesn’t fall short. These include but are not limited to:

Ensuring the underlying limits on your General Liability insurance reflect the assets you have at risk.
Extending your General Liability underlying limits with Commercial Umbrella insurance so you are covered for a catastrophic incident and crisis response. Today’s litigious environment and nuclear verdicts require significant Liability coverage. For example, a young couple after eating dinner at a restaurant decided to have drinks at the bar. They were both served alcohol although the woman was underage. Upon leaving the restaurant, the couple was in a serious accident and the woman lost her ability to speak and doesn’t remember a thing about her life before the accident. She and her mother sued the restaurant for negligence, vicarious liability and breach of duty. The jury awarded her nearly $15 million in economic damages, medical expenses and loss of earnings.
If you serve alcohol, evaluating your Liquor Liability coverage to ensure there is no assault or battery exclusion and no sublimit.
Covering your company vehicles adequately including your liability exposure when employees use their personal vehicles for business purposes.
Confirming the addition of Employment Practices Liability Insurance to cover employee-related allegations that involve wrongful termination, discrimination, harassment, and ADA compliance, among others. We will also evaluate your need for Directors & Officers Liability (D&O) insurance to cover management in the event of a lawsuit stemming from the performance of their duties.
Making sure you have Cyber Liability insurance to address the potential of data breaches and other risks that could compromise your customer information (name, address, credit card number) and operation.

We will also assess the Food Contamination coverage included in your program – both under your Property & Liability coverage. A contamination incident can impact your business in several ways: there is the cost to destroy or dispose of the contaminated products; the value of the discarded products; and the potential of a lawsuit by individuals who were injured or became ill from the tainted food. A food contamination incident can damage your company’s brand and reputation.

Is Your Restaurant Property Coverage Responsive?

In analyzing your Property coverage, MGRA will conduct a top-to-bottom review to determine how well your property exposures are addressed, including:

Evaluating the amount of Property coverage you have on the building (if you own it) and business personal property to ensure you are adequately protected in the event of fire or other hazard. Is your property insured for replacement cost coverage? Is Ordinance or Law coverage included should you have to rebuild and bring the building up to code? Do you have Flood insurance? Do you need Earthquake insurance?
Assessing your coverage for equipment breakdown. Your restaurant equipment is subject to hazards such as power surges, short circuits, centrifugal force, boiler overheating or cracking, and mechanical breakdown. How well are you insured?
Reviewing your business interruption risk and what it will take to keep you afloat in the event of a covered incident that causes you to shut down temporarily. You will need coverage to pay for loss of income, payroll, fixed expenses, taxes, mortgage or rent and perhaps relocation expenses while repairs or rebuilding takes place. Also, does your Business Interruption include coverage for off-power premises failure including overhead transmission lines?

The staff at MGRA will also review your Workers Compensation insurance program to determine how we can help you improve safety and better manage your costs.

RESTAURANTS Insurance

A Plate of Products Designed to Protect You In & Out of the Kitchen

MGRA Restaurants Practice

How Well Does Your Restaurant Liability Insurance Cover You?

Is Your Restaurant Property Coverage Responsive?

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