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Executive Order for Policyholder Payments
Renewing a restaurant insurance policy is more than a checklist—it’s an opportunity to safeguard your investment and ensure your coverage keeps pace with changing risks. Restaurant operations evolve every year, whether it’s equipment upgrades, expanding services, or new regulations. Asking the right questions before renewal helps secure your business, your team, and your reputation.
Restaurants often add new menu items, renovate spaces, or offer delivery. Even subtle changes expanding outdoor seating or using third-party apps—can impact insurance needs. Update your agent about all operational changes; coverage should reflect current operations, not last year’s setup. For example, adding delivery may require commercial auto coverage. Notably, the CDC reports that over 2.5 million Americans get sick each year from foodborne illnesses in restaurants, highlighting the importance of adequate liability coverage. (CDC 2024).
Restaurants increasingly rely on point-of-sale (PoS) systems, loyalty apps, and online ordering. These conveniences can also introduce cyber risks. According to the Federal Trade Commission, cyberattacks cost U.S. businesses over $10 billion in 2023 (FTC), but many standard liability policies don’t cover data breaches. Discuss cyber liability insurance to protect customer and financial data.
Replacement costs—not book value—should determine your coverage for kitchen and restaurant equipment. With inflation and rising construction costs, underinsured property and outdated valuations could leave you at risk. The Bureau of Labor Statistics notes equipment prices in food service have risen each year (BLS). Review and update your schedule of assets before renewal.
Insurance policies include exclusions—events or damages that aren’t covered. Carefully review these so you understand where your coverage ends. Exclusions could leave gaps when it comes to liquor liability, food spoilage, or property damage from certain causes. The U.S. Small Business Administration provides a guide on policy terms (SBA).
Compliance is non-negotiable in the U.S. food service industry. States require workers’ compensation, health, and safety protections, and, often, liquor liability. Regulations change, so check that your insurance meets current mandates. OSHA offers compliance resources for small businesses.
Whether you’ve hired more staff for the busy season or changed roles, ensure your policy reflects your employee situation. Workers’ compensation and liability coverage must match your staffing numbers and responsibilities.
Premiums, coverage options, and insurance markets shift annually. Reviewing market trends may reveal opportunities for savings or more comprehensive protection. The NAIC offers an annual overview of insurance market trends (NAIC), helping restaurant owners spot changes that impact policy choices.
Don’t let your insurance renewal be a rubber stamp, make it a strategic advantage. The experts at Club Agency specialize in the unique needs of restaurants. Our team is ready to review your current policy, answer questions, and build protection tailored to your operations.
Contact us today for a complimentary policy review, protect what matters most so you can focus on serving your customers. You can also call us directly at (866) 784-9785.
Yes. Even small restaurants can experience data breaches. Cyber liability coverage helps recover lost data, manage costs, and protect customer trust.
Bring updated asset lists, staffing numbers, and any operational changes. These details help ensure accurate coverage for all aspects of your business.
General and product liability policies often cover legal and medical costs associated with foodborne illness, but check for specific exclusions or limits.
Consult your agent and refer to government sources like OSHA, DOL, and state health departments for updates. These agencies publish requirements and guidance for food service businesses.
