At MFE Insurance, we offer insurance policies to restaurant, bar, and nightclub owners. Loss of income, lawsuits, and property damage are common issues owners of any industry face on a daily basis. Without the proper coverage, your business is liable for lawsuits that may result in total liquidation and loss of various licenses, among other issues. Industries that serve food and alcohol run a higher risk of legal repercussions and should be insured with the future of your business in mind. Our Restaurant Insurance, Bar Insurance, and Nightclub Insurance brokers create a customized insurance plan based on you and your industries’ wants and needs. MFE Insurance makes sure your business obtains the proper coverage needed while offering affordable rates.
- 1 General Liability Insurance
- 2 Liquor Liability Insurance
- 3 Assault & Battery Insurance
- 4 Commercial Automobile Insurance
- 5 Workers Compensation Insurance
- 6 Cyber Liability Insurance
- 7 Employee Benefits Insurance
- 8 Equipment Breakdown Insurance
- 9 Excess Liability Insurance (Umbrella Liability Insurance)
- 10 Property Insurance
- 11 Spoilage Insurance
- 12 EPL Insurance
General Liability Insurance
General Liability Insurance, as it pertains to restaurants, bars, and nightclubs, protects you and/or your business from claims of bodily injury and property damage that may occur at your establishment. General Liability Insurance policies cover third-party lawsuits that may occur during a claim. A “third party” can be anyone other than the insured’s employees and workers (e.g., a patron eating at your bar). With our General Liability Insurance, your restaurant, bar, or nightclub can rest easy knowing your business is protected from a wide range of potential liability issues.
What Does General Liability Insurance Cover?
General Liability Insurance policies at MFE Insurance cover the cost of investigating claims and defending against third-party lawsuits. It pays attorney fees, court costs, witness fees, settlements, and court-ordered judgments. The General Liability Insurance policy may also cover an injured party’s immediate medical expenses and the cost of repairing or replacing their damaged property.
For example: A customer enters your bar and slips on beer that has been spilled on the floor. If they sustain bodily injuries, they may be able to sue you for medical expenses. In the event that situation arises, your business can make a claim on your General Liability Insurance policy to cover the litigation costs.
Liquor Liability Insurance
At the highest level, Liquor Liability Insurance will cover you and your business from claims that occur from a customer who is intoxicated and injures themselves or another person. Bottom line, if you are serving alcohol you are a responsible for your customers and their actions while they are drinking. This means your establishment is highly susceptible to lawsuits, and should strongly consider adding a Liquor Liability Insurance policy through MFE Insurance.
What Does Liquor Liability Insurance Cover?
If patrons are drinking alcohol at your establishment and cause an accident while driving home, your business could potentially be held liable and sued. Unfortunately, standard insurance policies will more than likely not cover an alcohol-related incident, so it’s imperative to obtain a Liquor Liability Insurance policy if you serve any alcohol. This includes what happens inside the doors of your business AND situations that may happen after someone intoxicated leaves your establishment.
Assault & Battery Insurance
If a patron is injured at your establishment during a physical altercation, your business could potentially be held liable for the injuries and financial costs. Assault and Battery Insurance policies help protect you from the risk associated with physical altercations between patrons at your establishment.
How Does Assault and Battery Insurance Apply To My Business?
If two or more patrons in your establishment physically touch one another and one or more patrons are injured, your business could be held responsible.
For example: If two people get into a fist fight at your establishment and someone gets physically injured, the customer may potentially sue your business for damages. Assault and Battery Insurance at MFE Insurance will cover you and your business for the legal fees and settlements associated with the claim (ie, doctor bills, lawyer fees, etc).
Commercial Automobile Insurance
MFE Commercial Automobile Insurance covers owned, hired, borrowed and or non-owned vehicles while used in your business. There are two main components to auto coverage, Liability and Physical Damage. Auto Liability is included to cover you against bodily injury and property damage done to others, while the Physical Damage (comprehensive & collision) covers you against theft and damage to the vehicle.
How Does Commercial Auto Insurance Apply To My Business?
If any employee working for you uses their own vehicle or a rented vehicle, you are responsible for the vehicle and the people in the vehicle. You are also responsible for any vehicles that are involved in an accident.
For example: One of your employees (full time or part-time) decides to take their personal vehicle to pick up lunch. During the car ride, your employee gets into an accident and causes damage to another person’s body and car. Commercial Auto Insurance covers damages caused to both parties.
Workers Compensation Insurance
Workers compensation insurance, sometimes called “workers comp” is a program mandated by the state which consists of payments (required by law) to be made to a worker or employee who is injured or disabled in connection to their work. The business insurance consultants at MFE Insurance will educate you on your industries specific rules and regulations to ensure that your business is properly covered. Making sure your business has the proper amount of coverage, while offering competitive rates, are the most important aspects to our insurance brokers at MFE Insurance.
What Does Workers Compensation Insurance Cover?
Each individual state has its own workers’ compensation insurance program, so the coverage details can vary per state. The insurance brokers at MFE Insurance will educate you on your state’s specific coverage. Regardless of what state your establishment is located, Workers Compensation Insurance will cover the medical costs from the injury or illness, replacement income, costs to retrain, compensation for any permanent injuries, and benefits to survivors of workers who are killed on the job.
For example: An employee slips and falls behind the bar while working their shift. The Workers Compensation Insurance policy acquired through MFE Insurance will cover the medical bills and the wages they would have received during the days they are scheduled to work.
Cyber Liability Insurance
The Cyber Liability Insurance policy at MFE Insurance protects your business from data theft or information mismanagement. Cyber Liability Insurance covers your company’s liability in the event there is a data breach that involves social security numbers, patron credit card information, employee health records, etc.
What Does Cyber Liability Insurance Cover?
It is nearly impossible to repair or replace stolen or lost data, and the lost information could affect multiple patrons or employees and open the door to a bevy of potential legal issues. The Cyber Liability Insurance policy at MFE will cover issues such as: legal fees for defense in court, Judgments or Settlements, Customer Notifications (letters, etc.), Credit Monitoring Services, and Public Relation damage control services.
Employee Benefits Insurance
Any errors or omissions in the activation or application of your company’s employee benefit program is covered by an Employee Benefits Insurance policy. MFE Employee Benefits Liability Insurance covers health and life insurance, retirement plans, and any other benefits offered by your company through the employee benefit program.
What Does Employee Benefits Insurance Cover?
For Example: A new employee signs up for your company’s health insurance plan, and has somehow been forgotten to be added to your company’s plan. The new employee files a medical claim and is denied coverage by the health insurance provider because there is no record of the new employee having any insurance plan. With Employee Benefits Liability Insurance, the coverage would be paid for, that would have normally been covered if the health insurance plan was activated.
Equipment Breakdown Insurance
Equipment Breakdown Insurance policies at MFE Insurance cover essential machinery and equipment required to run and or operate your business. By adding an Equipment Breakdown Insurance policy, your business will continue to run smoothly following the breakdown of essential equipment and/or machinery. Once the incident has been covered, it may assist your business with either repairing the broken equipment or a full replacement. Equipment Breakdown Insurance policies come with a coverage limit, therefore once your limit has been met, any additional expenses turn into out-of-pocket costs for you and your business.
What Does Equipment Breakdown Insurance Cover?
Equipment Breakdown Insurance policies acquired through MFE Insurance will cover essential machinery and equipment needed to operate your business such as boilers, air conditioners, computers, POS systems, security systems, among others. You should be aware that Equipment Breakdown Insurance does not cover machinery or equipment that has broken down due to age or improper maintenance.
Excess Liability Insurance (Umbrella Liability Insurance)
By acquiring Excess Liability Insurance (Umbrella Liability Insurance) with MFE, you are providing your business with protection for claims that exceed the limits of your primary liability policy. Until the limits of your primary liability have been met, the Excess Liability Insurance policy will not respond. This policy is ideal for growing businesses that run the risk of a potential large loss, with coverage limits starting at $1,000,000.
What Does Excess Liability Insurance Cover?
For example: While dining at your restaurant, a ceiling fan above a table full of guests comes loose and falls, resulting in multiple injuries that exceed $3 million in medical payments. Your General Liability Insurance will cover the first $2 million, the Excess Liability will cover the remaining $1 million.
Property Insurance policies at MFE Insurance cover business-related property damage that has occurred at your establishment. Property Insurance will assist your business in repairing or replacing the covered damaged property. Common types of property include the building or structure, contents, fixtures, improvements and betterment’s, inventory, computers and related hardware. Other beneficial property coverages include loss of income and extra expense, water backup of sewer or drain, and other beneficial enhancements.
How Does Property Insurance Apply To My Business?
In the unfortunate event of a fire or other covered loss, property insurance will kick in and replace the damaged items, reimburse your loss of income during the period of restoration, and cover any extra expenses you incur.
When experiencing loss of income claim, our insurance brokers utilize carriers that offer a 0 hour waiting period, which help maximize the amount of income you are able to claim. You will often notice that some carriers have a 24, 48, or 72 hour waiting period (deductible) before you can start claiming loss of income or extra expense.
In the restaurant industry, Spoilage Insurance coverage is imperative to your business in the event your “perishable stock” becomes spoiled or contaminated due to a temperature change and/or power outage. You can add Spoilage Insurance to your commercial property policy as a separate line item. Often times, it will automatically be included under a business owners policy when written for restaurants, cafes and other establishments that serve food.
How Does Spoilage Insurance Apply To My Business?
For Example: Your establishment loses power overnight and the refrigerator that contains all of the seafood your restaurant cooks with, is now 80 degrees. The entirety of spoiled seafood is covered under your Spoilage Insurance policy through MFE Insurance.
Employment Practices Liability Insurance (EPLI) policies are designed to protect the employer against employee discrimination claims. Common discrimination claims against employers include age, sex, race, and disability. EPL Insurance will also protect employers from claims such as wrongful termination, sexual or non-sexual harassment, glass ceilings and other employment-related discrepancies. EPL policies can also include wage and hour coverage, which pays the defense costs for allegations relating to failure to pay overtime.
What Does EPL Insurance Cover?
Say an employee files a wrongful termination claim against you because he or she believes they were fired due to their gender. Although EPL Insurance cannot guarantee coverage for all claims against employers, your company is much more prepared with an EPLI policy in place. It is best practice to educate yourself on all facets of employment law, for potential claims that may arise.