News

Insurance underwriter introduces comprehensive coverage for restaurants

June 27, 2019

U.S. Risk Insurance Group, a specialty lines underwriting manager and wholesale broker with 16 domestic and international branches, has introduced a comprehensive insurance program for small and independent restaurant owner operators called Restaurant Guard Insurance.

"Our program begins with coverage for foodborne illness and adds whatever coverages a restaurant owner needs, from personal, professional and staff liability to valet parking, employment practices liability and terrorism," Crystal Jacobs, Restaurant Guard vice president and program director said in a press release. 

The program is available nationwide to restaurant owner/operators either directly from Restaurant Guard Insurance or from their local insurance agent. 

Operators should have a customized insurance solution that starts with food-borne illness coverage and includes costs to replace contaminated food, required equipment cleaning, loss of income from shutdowns, medical tests or vaccinations for employees, crisis management, PR and more, Jacobs said. She said coverage limits are as high as $25 million are available and premiums start at only $300.

Restaurant Guard Insurance coverage triggers include food-borne illness and disease outbreak, supplier contamination, public health authority announcements, malicious tampering and workplace violence, as well as adverse publicity and product extortion, according to the release.

Specific coverage includes disease outbreak costs; pre-incident expenses, extra expenses, employee expenses; lost revenue replacement and lost royalty income; recall costs and extortion costs; consultant costs; and brand rehabilitation expenses.

"Now food-borne illness coverage can be part of a total restaurant insurance solution that includes professional liability, management liability — even parking and valet services. We can also provide coverage for some of today's harshest realities with our Combined Crisis Cover," Jacobs said in the release.