24 Feb Insurance for Catering Companies
Insurance for Catering Companies
Catering and Special Event Companies have exposures that can be unique from other industries. Going to various locations to perform your services opens up all types of exposures that you would not have working out of a single location. With these added exposures comes a responsibility to properly protect your business. We have put together some tips to assist you in getting the right coverage for your business.
Insurance for Catering and Special Event Companies – General Liability
General Liability is a coverage that is quite common amongst many industries because it is affordable and provides a lot of coverage for bodily injury or property damage that can occur from your businesses operations. It is important to know that not all General Liability policies are the same. It is important to make sure your policy is properly rated as a Catering or Special Event Company with off-premises exposure. This is important because if you have an accident while doing an event and have a policy that is not properly rated, you may be denied the claim. This would defeat the purpose of getting the coverage in the first place.
Insurance for Catering Companies – Auto Insurance
Many Catering and Special Event Companies have additional coverages to consider compared to those in similar industries without outside exposure. Carrying the proper Auto Insurance is imperative as you are often driving from location to location to provide your services. Depending on the type of business and its’ operations, it may be worthwhile to consider purchasing a Business Auto policy. Business Auto is designed to cover a vehicle that it specifically for business use. Alternatively, if you do not own a company vehicle and use your personal vehicle or your employees vehicles, you can endorse your General Liability to include a coverage called Hired and Non-owned Auto Liability. Hired and Non-owned Auto Liability is a coverage designed to protect you against liability claims that may arise from an accident with a personal vehicle during business use.
Insurance for Catering Companies – Workers Comp
Workers Comp is absolutely required if you have any employees with your company. If your employee(s) gets injured while working, it is the Workers Comp, and only the Workers Comp that will provide coverage. We cannot stress the value and importance of this coverage enough. Workers Comp tends to be one of the more expensive coverages, however, there are many ways to lower the cost of your Workers Comp. Please see our other blogs for additional information pertaining to lowering your Workers Comp rates.
Do you have questions about which coverages you need for your business? Do you want to lower the cost of your current policy? We are eager to assist you!
Give our Business Insurance specialists a call at 925-297-4829.
All information is general in nature and is intended to provide guidance only. It is up to you to request specific coverage options, the agency and agent do not bear this responsibility. Always read the policy if there is a questions about coverage or a claim. If any information herein should conflict with your actual policy’s specific language, the policy language will be controlling.