Our Appetite
We insure the following establishments:
- Fine Dining
- Family/Casual Dining
- Fast Casual
- Wine Bars
- Off-Premises Caterers
- Ghost Restaurants
Our appetite also includes:
- Sushi & Raw Bars
- Restaurants with Hibachi-Style Cooking Exposures
We Consider New Ventures, Too
With so many new restaurants coming on the scene and establishments opening their doors in additional locations, you have a market with Distinguished. We write new ventures that come with experienced management.
Additional Specials in Our Restaurant Program
On the Property insurance side, our form includes a Wine Valuation endorsement for fine-dining establishments. If a wine collection is damaged, we will pay the claim based on the retail price (menu price) for a covered loss. This is a significant benefit for fine-dining restaurants. According to Sommelier Business, the industry standard is to sell a bottle of wine at three to four times the wholesale price.
In addition, our package program for fine-dining restaurants includes coverage enhancements such as Food Contamination, Food Spoilage, Equipment Breakdown, Backup of Sewer or Drain, and Business Interruption for off-premises power failure, including overhead transmission lines. Business interruption losses can be significant for restaurants, so it’s important they properly calculate their business income. The building block for a business loss calculation includes income tax returns, sales records and receipts, profit and loss statements, and payroll records.
Include Cyber Insurance for All Restaurant Accounts
Cyber insurance is critical for all restaurants, with data breach exposures as a result of point-of-sale credit card transactions and the use of mobile apps and QRC codes. Customer data can be compromised, resulting in fines and fees for the restaurant. A restaurant can also suffer business interruption losses if a breach prevents it from accepting online reservations or take-out orders and processing credit card transactions. There is also the cost of breach notifications and crisis management to re-establish customer trust. Third-party lawsuits can be made against the restaurant for damages to those impacted by a breach.
Distinguished’s Cyber program protects restaurants in this digital environment. We have two programs, both of which provide first- and third-party coverage. Our program for larger clients includes higher limits, 24/7 claims service, and risk management to mitigate exposures, as well as access to a breach response team. Business Income and Cyber Extortion insurance are also available. The programs are written with Beazley, a leader in Cyber insurance.
Why Distinguished?
We have more than 30 years of experience in underwriting restaurants, enabling us to offer tailored policies to fit your client’s needs. Our package policy and additional product lines allow you to be the go-to source in this niche market.
Partner with Distinguished Programs
Our comprehensive policies are tailored to meet the specific needs of restaurants, providing broad coverage options to protect your establishment effectively. We are your one-stop shop for a range of essential coverages, including General Liability, Commercial Property, EPLI, Liquor Liability, Cyber Liability, and High-limit Umbrellas.
Get started with Distinguished today by registering your agency. The process takes about five minutes. You’ll then be eligible to submit business for our Restaurant program and any other programs.
For more information, check out some of our restaurant insurance resources below.
- Distinguished Restaurant Package Policy
- Distinguished High-Limit Restaurant Umbrella Program
- Distinguished Restaurant Package Insurance Brochure
- Distinguished Restaurant E-Book
- Distinguished Cyber Liability for Restaurants
Choose Distinguished Programs for your restaurant insurance needs and experience the difference our expertise and comprehensive coverage can make in safeguarding your business.
