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To be 100% positive when choosing a coverage plan, you must know what makes the insurance policy a viable option to qualify on the market. There are multiple catering insurance policies, but not all offer a 5-star coverage or cover all relevant liabilities for a catering business. The points below comment on every liability you must consider in your plan and why. This insurance covers company vehicles, including personal autos that are used for business purposes. Many personal auto policies don't cover losses that occur while the vehicle is being used for work, so commercial auto coverage is important for most catering businesses. However, only a few are committed to providing quality services.
It’s because it has all the essential insurance policies needed for comprehensive protection. General liability coverage can help pay for property damage you may cause at a client’s home. It can also help cover claims of bodily injury, medical costs and reputational harm. General liability insurance to help protect your catering business from claims that it caused bodily injury or property damage to others.
Damage to Premises Rented
One example is an injury caused by a mislabeled or defective product. In case of damage that takes place in a rented property, the insurance won't cover it if the owner missed to include this policy. Therefore, it's highly advisable to spare yourself the additional costs and financial leakages and include the Damage to Premises Rented to your basic insurance plan.
These must have automatic fire extinguishing protection, hoods, and filters. There should be fuel shut offs and adequate hand-held fire extinguishers. These are just some of the insurance options that catering companies should invest in. In place; it prevents you from having to pay such expenses yourself, which saves you from economic hardship and the potential loss of your livelihood. Business income insuranceto help replace lost income if you can’t operate because of a covered property loss. Knives, mixers or other essentials protected with cover for your equipment.
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That is, the amount you will pay from your pocket before your insurer pays their part. Usually, choosing a higher deductible means you will pay less for insurance. Caterers occupy a unique position in the foodservice industry and, as a result, have unique insurance requirements.
And if you plan to sell alcohol as part of your catering services, you’ll likely need a liquor license to stay in compliance. This is a vital part of your planning process and goes to the very heart of your home catering business. Catering services are generally split into two categories—on-site and off-site. With on-site catering, the food is cooked and completed at the event location, like a wedding venue or hotel. With off-site catering, food is cooked somewhere else and then brought to the event location. This is often the case with catered business lunches and private parties.
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These must be maintained with records maintained at a central location. If employees use their own vehicles, the vehicles should be checked for maintenance and upkeep. Because most personal auto policies do not provide coverage when the vehicle is used for commercial purposes, requiring proof of insurance will be of little assistance. Get the best small business insurance quotes online & info on cost, coverage, minimum requirements, certificates & more. But what if someone gets food poisoning, or is injured when you’re working at an event? If you aren’t insured, you could be left in a potentially pricey pickle.
Even though you try your best to make sure that everything runs smoothly, you've got a lot on your plate, which means that mishaps are bound to arise. Submit claims, check status of disability or leave, and see payments.
If you offer baked goods on your menu, for example, you may need a second stand mixer or multiple ovens. A dedicated catering refrigerator can give you extra cold storage, plus make it easier to keep your catering supplies safe from hungry family members if you’re cooking at home. If your state allows you to cater from your home kitchen, you may need an annual health inspection from the local health department. You may need a food handler’s or food manager’s license as well. Consult with an attorney and/or tax professional to decide what the best business structure for your company will be.
Your general liability coverage would also help pay for medical expenses and legal fees in this situation. Also, your location and the average distance you travel will increase your auto insurance cost. The more distance you travel for business, the more you have to pay to insure your vehicles. Liquor liability coverage is required if your business focuses on weddings or celebrations such as bar and bat mitzvahs, anniversary dinners, birthday parties, and graduations. You will need protection against the inherent risks of serving alcohol as part of your business. Business Owners Policy is the most popular insurance policy for small catering businesses.
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You've put a lot of hard work into establishing your catering business and you go above and beyond to make sure that all needs are being met and everything is running smoothly; but mishaps can happen. To protect yourself from the unexpected, it's important that you have the right type of catering insurance in place. The information contained on this page should not be construed as specific legal, HR, financial, or insurance advice and is not a guarantee of coverage. In the event of a loss or claim, coverage determinations will be subject to the policy language, and any potential claim payment will be determined following a claim investigation. The Hartford shall not be liable for any damages in connection with the use of any information provided on this page.
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