Restaurant Commercial Insurance

Owning and operating a food business is not easy. There are food costs, staff, liquor liability issues, property, food preparation and cooking. There are many challenges associated with it and Insurance can be one of them. You get it right and have a peaceful sleep. If you get it wrong there are serious consequences which can not only ruin your dreams but your life for a long time. The financial and emotional stress associated with improper insurance can have disastrous consequences. 
Food business can include but is not limited to  fast food restaurant, bar, pub, fine-dining restaurant, diner, deli, cafe, coffee shop, bakery, cafeterias, food delivery services, pizza place, food truck, kebab shop etc.  A proper restaurant insurance policy will help you mitigate exposure of your restaurant business to unnecessary risks and helps protect you from the risks you might face as a business owner.
Food business owners have always been a target of law suits. Almost all of us have heard of a restaurant owner getting sued. There are issues of food poisoning, slip and fall, kitchen fire, electrical fire, power outage, water damage and the list goes on. These claims can result in loss of income, financial debt as rent is due every month, loss of business, loss of reputation etc.  So the question arises – what to do make sure the business is well covered. The answer is to make sure you have the right food business insurance. Make sure your insurance policy not a one size fit all type of insurance, but a customized insurance policy. Talk to our knowledgeable staff at Aaxel Insurance Brokers, Durham Branch and get your business properly insured. We will make sure you
  • Understand your insurance policy
  • The limits of your insurance
  • The exclusions in your insurance policy
  • Any subjectivities and conditions of your insurance policy. 
Just like any other types of insurance there are many factors that affect your restaurant insurance rates. It is important to understand here that restaurant insurance policy is considered a commercial insurance and hence it is very important you disclose all the information to your Insurance Broker.  In simple terms this means your business is insured for what you disclose to your broker. A good broker will ask a ton of questions. Answering those questions is in your best interest. If the agent missed anything and you are aware of it then always disclose that information. It is very important to have the right insurance coverage for your restaurant business than to have a cheap insurance. At Aaxel Insurance Brokers in Oshawa, we take business insurance very seriously. We will go through a lot of questions and help you secure a good quote with a good insurance company and a very competitive price. Some of the many factors on which your food business insurance premiums depend on are as follows:
  • Type of operations – take out only, dine in and take out, fine dine-in and take out etc.
  • Years of Experience in the Business – It includes any experience in a related field
  • Is your business are franchisee or franchisor
  • Seating capacity
  • If there is a Patio or not
  • Type of entertainment - DJ with dancing, Dance club, Band, Adult entertainment etc
  • Is Alcohol served or sold at the premises?
  • The Business revenue
  • Is there an outdoor patio
  • Fire extinguishing systems
  • Whether there are servers or no
  • Age of the building
  • Age of the plumbing, electrical, roof, heating cooling equipment
  • Square foot area of your business
  • Claims 
At Aaxel Insurance Brokers in Durham Region we believe your business insurance should not have any gaps. We believe a good insurance policy always saves. We will take all the steps necessary to get your food business insured in the correct manner. There are many insurance companies out there who provide food business insurance. Not all have the right coverages. The professional, licensed staff at Aaxel Insurance in Oshawa will take all the necessary steps to get your business insured. If there are any gaps we will notify them to you in a clear manner so you as a business owner are not left in the dark. After years of experience in the food business insurance we recommend the following coverages that should be a part of your restaurant business insurance policy:
  • Building and Contents
  • Improvements and Betterments
  • Business Interruption
  • Business Income
  • Equipment Breakdown
  • Business Premises Liability
  • Host Liquor Liability
  • Power Outage Business Personal Property
  • Employee Dishonesty 
  • Property In Transit
  • Newly Acquired Business Personal Property
  • Sewer back up
  • Flooding and other water related coverages
and Many more
Please make a note that all insurance policies are not the same and there is no one single policy that covers all. It is very important to do some brain storming with your broker so you understand what is best for your food business.  It is very important to discuss your needs, your requirements, and your insurance problems with a good broker. A good broker will focus on advise and coverage. 

So if you have a food business like restaurant, bar, pub, takeout food place, Shawarma restaurant, Chinese restaurant, Thai Express restaurant, Indian restaurant, Greek restaurant etc please call us at   289 274 4807. We would love to have the food business insurance conversation with you. If you are franchisee or franchisor please contact us for a no obligation insurance quote, lots of free tips and ongoing consultation.

Aaxel Insurance Brokers Limited is a family owned independent Insurance Brokerage. At Aaxel Insurance we believe in providing customized insurance solutions to our clients. We make sure our clients make an informed decision about their own insurance policy. Our main focus is to provide quick, efficient, professional services to all our clients. We believe that a good insurance plan will save you money and time when faced with the unfortunate situation of a loss. Call our Durham Region Insurance Brokerage Location at 289 274 4807

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