Fine Dining to Family Dining, we know the Restaurant Business
One of our specialties is restaurant insurance programs. Based in a foodie town, we love working with restaurant owners.
Running a restaurant is stressful enough without having to worry about things that constantly threaten the success of your hard work. But the right combination of coverage can help keep you focused on your passion, not the risks you’re taking.
Identifying your risks before an incident occurs can help keep your restaurant running smoothly. Insurance coverage steps in when one of following incidents creates a liability, if you’re not willing to cover the costs out of pocket:
- Slips and falls injure more than 3 million foodservice employees each year, with an average cost of almost $21,000 per claim.
- Allegations of food poisoning
- Broken tooth allegations
- Cooking fires are a constant threat in kitchens. In fact, 57% of restaurant fires involve cooking equipment (occurring most frequently around 10 a.m.) An estimated 5,900 restaurant building fires occur annually, resulting in $246 million in property loss annually.
- Employment Practices in high employee turnover occupations is risky for business. Are you covered for harassment & wrongful termination?
- Loss of Business Income, how long can you survive with out sales revenue?
- Natural disasters and power outages can happen in any part of the country, at any time, and leave a devastating impact on restaurants in its wake.
- Spoilage do you have an adequate limit of insurance to replace your food inventory?
We understand New Mexico’s unique restaurants
In many ways, putting the right insurance coverage together is a lot like ordering from a menu. You have lots of coverage choices, because each restaurant has unique liabilities and insurance needs. For example, a large restaurant with a bar will need dramatically different coverage than a small café, or food truck.
To accommodate these various requirements, we offer a wide range of restaurant insurance coverage and combination options for you to choose from, including:
- General Liability
- Excess Liability
- Workers Compensation
- Commercial Auto
- Commercial Property
- Employment Practices Liability
Who needs restaurant insurance in New Mexico?
We offer insurance to cover all foodservice businesses including:
- Bar Insurance
- Café Insurance
- Cafeteria Insurance
- Catering Insurance
- Diner Insurance
- Deli Insurance
- Food Delivery Insurance
- Fast Food Insurance
- Fine Dining
- Food Trucks
- Pizza Restaurant Insurance
- Lounge Insurance
- Event Coverage
- Specialized restaurants requiring specialized plans
We can help you navigate the issues facing the type of business you already own, or one you wish to create.
What’s covered in a restaurant insurance policy?
There are always important areas to cover when creating a solid restaurant insurance plan. And we can help you decide how to protect you best. These coverage choices may include:
Property Insurance to cover your equipment, furnishings & building.
General Liability if someone slips and falls in your restaurant, or becomes ill after eating (even if it wasn’t your fault.) In today’s sue-happy world, this is a must.
Liquor Liability covering restaurants that serve alcoholic beverages. Most states require liquor liability to keep your liquor license in good standing. Regardless of the law, it can protect you in the event one of your customers is over the limit, drives, then hurts themselves or someone else.
Business Auto Insurance
Employment Practices Liability is highly suggested to protect a business from allegations of harassment, wrongfull termination and even allegations coming from a customer of discrimination or harassment.
Life Insurance and Key Person Insurance carefully consider the people in your life who depend on you day to day. If something should happen to you, ask yourself: would your family be able to continue to run a restaurant or meet financial obligations?
Business Interruption Insurance can replace part of your income if you lose sales through a covered cause.
Workers’ Compensation Insurance can help cover medical costs and a portion of lost wages for employees who are injured on the job.
Business Crime insurance protects you from losses both within and outside your restaurant from employee theft, robbery and forgery.
Food Contamination Insurance protects your walk-in inventory or freezer contents if you lose power due to fallen power lines or a storm.
Specific Peril Insurance covers many natural disasters that general liability insurance won’t, such as earthquakes and floods
Why you can trust Reynolds & Rodar Insurance Group
Restaurants are different and deserve customized protection, many of the most prominent restaurants in New Mexico choose us because we know the restaurant business, and specialize in creating the protection that will help keep you cooking.
We are the only agency in New Mexico to bring a vast suite of business consulting services to restaurant owners, to help manage the risk of running their business.
Reynolds & Rodar Insurance Group Inc. is the oldest insurance provider in New Mexico—we’ve been serving up affordable insurance solutions to businesses all over the state for over 130 years. We have the knowledge, experience, and commitment to service that you can trust. Call our Santa Fe, New Mexico office today at 505-983-4353 to speak directly with an agent. Or, take a minute to fill out our easy online quote form to get started right now!