Whether your establishment is casual or formal, eat in or take out…THE RANKIN INSURANCE GROUP represents some of the best insurance companies in the industry and are looking to provide insurance protection for eating establishments just like yours.
Commonly Sought Commercial Coverages
General Liability insurance provides coverage for claims that involve bodily injury and property damage resulting from your products, service, or operations. General liability insurance may also provide protection for you if you are deemed liable for damages to your landlord’s property.
The Commercial Property section provides coverage for your building(s), business personal property (which may include furniture, inventory, electronics) and property of others.
Following a physical property loss, it may take some time to get your business running smoothly again. Business Interruption insurance covers loss of income, extra expenses incurred during the time of loss, as well as the costs for continued operation.
Commercial Auto Insurance provide coverage for liability and physical damage losses resulting from the operation of vehicles owned by your business and used in your operations. We offer coverage for fleet and non-fleet vehicles.
Workers Compensation & Employers Liability
The Workers Compensation section of the policy provides coverage for cost of lost wages and medical expenses in regards to work related injuries sustained by an employee. The Employers Liability section provides coverage for liability arising out of work related injuries that are not subject to statutory obligations under the workers compensation laws (i.e. lawsuits).
Commercial Umbrella/Excess Liability
Commercial Umbrella/Excess Liability coverage provides protection against large liability losses that exceed the limits of your general liability or commercial auto insurance policy.
Equipment Breakdown coverage provides protection against the mechanical breakdown of equipment used in your business, including the cost to repair damaged equipment, spoiled goods and loss of income.
Liquor Liability coverage protect you against liability that may arise from accidents caused by patrons who were served alcohol at your place of business.
Spoilage coverage protects perishable items in the event of a breakdown of refrigeration equipment or power outage.
Food Contamination coverage provides protection in the event of a contamination incident. Coverage is afforded for the costs of expenses to clean equipment, replace food, cost for medical and/or vaccination of employees, advertising expenses incurred to restore your reputation as well as lost income associated with a shutdown of operations.
Cyber Liability insurance includes a wide range of coverages, such as costs related to notifying customers that you have had a breach, data loss expenses, lost income and personal identity recovery expenses related to a cyber attack.
Employment Practices Liability Insurance (EPLI)
Employment Practices Liability coverage provides protection for wrongful employment acts such as harassment, discrimination and wrongful termination. Some of our carriers provide access to employment practices websites and legal employment hotlines, where you can connect with attorneys who are well-versed in federal and state employment laws.
Employee Dishonesty coverage provides protection for your business against the theft of money, securities and other tangible property by employees.
Give us a call today at (704) 896-9393 to discuss insurance options for your business.