RETAIL/WHOLESALE INSURANCE

Solutions Catered To Your Operation

Retail/Wholesale

The retail and wholesale food and beverage industry faces a number of exposures that can upend an operation: from slips and falls on the premises to food spoilage and contamination, property damage, equipment breakdown, inventory theft, business interruption, data breaches and allegations of employee discrimination or harassment. There’s so much to think about.

Whether you’re a restaurant or café with high customer traffic or wholesaler delivering goods to your customers, we can help take these risks off your plate so you can focus on your operation. MGRA specializes in providing the food industry with a total insurance and risk management solution.

How Well Does Your Liability Insurance Cover Your Operation?

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.
Reviewing your Product Liability and Product Recall coverage requirements to respond in the event of bodily injury and property damage losses arising from a product, its packaging, its instructions for use, labels, warnings and any other on-product messages.
Assessing how much Food Spoilage and Food Contamination insurance your business needs. 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/or 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.
Extending your General Liability underlying limits with Commercial Umbrella/Excess insurance so you are covered for a catastrophic incident and crisis response. Today’s litigious environment and nuclear verdicts require significant Liability coverage.
If you serve alcohol at your restaurant, evaluating the scope and extent of your Liquor Liability coverage.
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.
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.

Is Your 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 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, office 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.

Specialty Franchises

MGRA also provides tailored insurance programs for national specialty franchise businesses in the food industry. We work with franchises so you can understand your risks, the coverages available, what they cover, and how policy endorsements, retentions, terms and conditions, and limits apply. Our goal is to provide better coverages at a more affordable cost.

Franchise Insurance Coverages

To effectively manage your risks, we can put together the following coverages for your franchise insurance plan:

General Liability
Commercial Property
Equipment Breakdown
Business Interruption
Crime
Commercial Auto including Non-Owned Auto:
Commercial Umbrella
Employment Practices Liability Insurance
Cyber Liability
Workers Compensation

MGRA understands the franchise-franchisor relationship and how best to ensure that there is a strong insurance solution in place to address the complex risks that arise from this relationship.