As a restaurant owner in Chicago, IL, you need many of the same commercial insurance policies that other business owners must have. Yet, because you have specialized operations, you require specialized insurance lines to protect your investment. The agents at NCIB Group Inc. can recommend the best commercial lines to help you run your business.<\/p>\n
Of course, every restaurant or food service entrepreneur requires basic commercial insurance coverage. You’ll need general liability, commercial property, and business interruption lines. You’ll also need legally mandated coverage, such as worker’s compensation and commercial auto insurance. The latter is essential for caterers and food businesses that make regular deliveries. However, these essential lines leave huge coverage gaps for restaurant owners. Without specialized coverage, you could be just as vulnerable to losing your business.<\/p>\n
Depending on your operations, you’ll either need a separate policy or an endorsement on one of your other commercial insurance lines for full protection. Consider the following protections:<\/p>\n
Liquor liability<\/p>\n<\/li>\n
Equipment breakdown and food spoilag3e<\/p>\n<\/li>\n
Employee practices liability<\/p>\n<\/li>\n
Cyber Liability<\/p>\n<\/li>\n<\/ul>\n
Liquor liability is an absolute must if you serve alcohol. If you overserve a guest and that individual causes an accident after leaving your establishment, you could be held legally responsible. When your refrigeration system breaks down, you face the cost of repairing the cooler and replacing spoiled food. This policy pays the ost of both.<\/p>\n
The hospitality industry has high turnover. If an employee leaves and sues you for unfair practices, this insurance line will cover damages and defense. Finally, if you rely on digital point-of-sale (POS) systemss, third-party ordering apps, online reservations and digital loyalty programs, you risk a data breach. Protect your company with cyber insurance.<\/p>\n
Contact NCIB Group Inc., serving Chicago, IL, to find the most appropriate commercial insurance to meet your needs.<\/p>\n","protected":false},"excerpt":{"rendered":"
As a restaurant owner in Chicago, IL, you need many of the same commercial insurance policies that other business owners must have. Yet, because you have specialized operations, you require specialized insurance lines to protect your investment. The agents at NCIB Group Inc. can recommend the best commercial lines to help you run your business. Specific […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[9,23,10,20,5],"class_list":["post-154","post","type-post","status-publish","format-standard","hentry","category-commercial-insurance","tag-chicago","tag-commercial","tag-il","tag-insurance","tag-ncib-group-inc"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t