Make Sure You Have A Restaurant Supply Insurance Before That Delivery

As a truck operator, you may want to tap several different markets that will have a great need for your services. If you take a look around, you will notice that there is a significant increase in dining options with several new restaurants being established in different parts of the city. This could signify an improvement in the economy in general with more people having extra money to dine out which explains the sudden growth of the restaurant industry. 

As a restaurant owner, your hands are full managing your business and all that comes along with it. Your day is full of decisions – staffing, ordering & customers, that often your restaurant supply insurance can be an afterthought. Let us worry about your insurance while you worry about running your business. 

In a restaurant, there are several things that could result in a potential insurance claim.  Your kitchen can be a dangerous place and accidents can happen both in and outside of the kitchen.  Unfortunately when accidents happen they can affect your business, income, your ability to pay your employees.  A proper insurance policy designed specifically for your restaurant can help protect your business 

Installing or repairing equipment on complex vehicles like dry freight or refrigerated trailers, snowplows, dump, refuse or fire trucks, ambulances or other trucks, can expose specialized trucking businesses to significant risks. Equipment damage, on-site accidents, and lawsuits can significantly impact business and bottom lines. Risk managers can rest assured that The Hartford is here to help reduce risks and prevail through crises and unexpected events. 

This is a very good business opportunity for your trucking business. Restaurants will definitely need delivery and trucking services. They certainly have a need of having their food stocks transported from the commissary to their outlets. What’s more, restaurant supplies in terms of cutlery and other cooking equipment will need your services if they decide to venture into catering services as well. There are a lot of businesses you can create with restaurants. You just have to understand the nature of their business and understand how your services can be beneficial for their operations. 

What does equipment breakdown insurance cover? 

Also known as “boiler and machinery” insurance, equipment breakdown coverage protects against breakdowns caused by power surges, motor burnout, boiler malfunction and operator error. Equipment breakdown insurance covers all sorts of equipment – mechanical and electrical equipment, computers and communication equipment, air conditioning and refrigeration systems, boilers and pressure equipment. It also includes coverage for new technology. 

Equipment breakdown coverage can pay for: 

  • The cost to repair or replace the damaged equipment 
  • Costs for time and labor to repair or replace the equipment 
  • Business income losses when a covered breakdown causes a partial or total business interruption 
  • Other expenses incurred to limit loss or speed restoration 
  • The cost to replace spoiled stock or materials 
  • Protect Your Business with Restaurant Insurance 

Great insurance for restaurants is as important to the future of your business as an irresistible menu and good customer reviews. But if your policy is outdated or inadequate, you could be risking everything. 

As your restaurant business changes, so should your insurance. New equipment, new locations, new services can all impact your coverage. If a fire destroys your kitchen or a customer slips and falls; will your insurance help keep your doors open? 

Since the needs of the restaurant business are unique on its own, your services must tailor fit to their requirements. You may be required to transport dry or wet goods depending on the location and its nature of operations. An edge you can use to establish a long-term business with them is to offer them trucking services with the added protection of their supplies once you are transporting it for them. You may need special kinds of trucks like a truck with freezer compartments if you will be transporting their food that needs a cold storage. Or if they require a truck that transports all their sensitive cooking implements, you must be able to provide that on a special arrangement. But what if during the course of the travel, you meet an accident and God forbid, all their supplies or food goes to waste? That will spell significant losses for you and the restaurateur. 

Selecting the appropriate coverage to protect the investment in your restaurant business can be a confusing process. It’s more than selecting an accurate coverage limit. There are different coverage forms, potential hazards to consider, property not normally included and numerous other options. Trucking for restaurant equipment hauling insurance represents several commercial property insurance carriers and we can tailor a product-specific to your needs. 

To determine the amounts and limits of coverage, it’s important to look beyond the face value of the equipment itself and consider all the situations that could occur. What if damage occurs to other property as a result of your equipment breakdown? What if parts for the damaged equipment are not readily available? Or if you are closed for an extended period of time? Seeing how equipment breakdown losses could add up can give you a better idea how much to insure for. So if you own a business or commercial property, why not find an agent like Strong Tie Insurance Services for building material transport and get started today? 



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