Restaurants Face Many Risks, Partnering with Utica First Can Mitigate These Risks with Peace-of-Mind Business Protection
Fall is almost upon us and cooler temperatures will prevail. Many restaurants typically see an uptick in business as people return to normal routines and seek comfort foods. Restaurant owners can prepare for this increase by protecting their businesses with a Utica First Restaurant Business Owner Policy (BOP).
The Importance of Insurance
Restaurants operate in a high-risk industry. Risks include personal injury risks (slip-and-falls), reputational risks (customer experience), and financial risks (high costs, thin margins). Some restaurant owners choose to forgo insuring their businesses because of the added costs, underestimating the risks inherent in the industry, or because they wrongfully think they can handle the what-ifs on their own should they occur.
The truth is that many restaurant owners could not financially weather a what-if—a lawsuit of any kind, theft, fire, or property damage. Without proper protections, business owners are financially responsible and that could amount to tens to hundreds of thousands of dollars. Having proper protection can mitigate these costs and protect the restaurant, its assets, and employees while providing owners peace of mind allowing them to focus on operations and growth.
Utica First, the “Go To” Insurance Company
At Utica First, we understand the unique nature of the restaurant business and have the expertise to protect it.
For over 15 years, Utica First has been the “Go To” insurance company for restaurants and other food service businesses. We are a leader in writing more types of restaurants and pride ourselves on this distinction because of our:
- Fast, easy quoting
- Clear, concise underwriting guidelines
- Great pricing with easy billing options
Restaurants We Write
- Food Trucks
- Cafés
- Diners
- Burger Joints
- Middle Eastern Cuisine Establishments
- Fine Dining Restaurants
- Mexican Take-Out
- Family-Style Restaurants
- Franchised Restaurants
- Bagel Stores
- Pizza Shops
- Bakeries
- Chinese, Japanese, Korean, Thai, and Vietnamese Restaurants or Take-Out
What’s Covered
Our Restaurant BOP policies provide protection for:
- General liability (bodily injury)
- Property (physical location – owned or leased)
- Property (fixtures, equipment, inventory)
- Business income (lost income due to disruptions in operations)
New Venture, No Problem
New ventures considered! Risks must be “year-round,” and meet all requirements for hoods, ducts, and fire suppression systems (contracts for servicing and cleaning must be in place).
Optional Coverages
For added protection, we offer an array of optional coverages that include equipment breakdown and cyber liability.
Coverage is customizable with Utica First’s optional APPETIZER (1&2) endorsements! We bundle over 15 additional coverages and limits with substantial savings.
Make sure you and your team quote Utica First on all qualifying restaurant prospects! More information about our Restaurant BOPs and the full list of what we write can be found at this link. #KeepingInsuranceSimple
