Beyond the Neon Lights: Your Guide to Restaurant Insurance in Nevada

Nevada’s culinary scene is a vibrant tapestry of flavors, from the renowned restaurants of Las Vegas to the hidden gems scattered across the desert expanse. As restaurateurs embark on the journey of crafting memorable dining experiences, they also navigate the unique challenges presented by Nevada’s dynamic environment. In this article, we venture into the realm of restaurant insurance in Nevada, where the stakes are as high as the surrounding peaks. We unravel the importance of restaurant insurance, offering insights and strategies to ensure your restaurant clients thrive amidst the desert winds and glimmering lights of Nevada.

There are more than 6,500 restaurants throughout Nevada, with many new establishments opening. It’s a great opportunity for agents and brokers to expand their footprint in the state, with Distinguished’s Restaurant Program providing a one-stop shop for coverage that includes:

• Our Restaurant Package Policy: Includes Property, General Liability, and Liquor Liability. You can also add an endorsement for Employment Practices Liability Insurance.
• Umbrella Insurance: We offer Umbrella limits from $5 million up to $130 million for any restaurants outside the Vegas Strip and up to $10 million for establishments on the Strip.
• Cyber Insurance: Our stand-alone Cyber programs can be designed for small and large establishments.

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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.

About Distinguished Programs

Distinguished Programs is a leading national insurance Program Manager providing specialized insurance programs to brokers and agents with specific expertise in Fine Art and Collectibles, Environmental and Construction Professional, Executive Lines, Inland Marine, Real Estate, Community Associations, Surety, Hotels, and Restaurants. Property and Liability products are distributed through a national network of agents and brokers. Serving the same core markets and partnering with the most stable and reputable carriers, Distinguished’s high-limit Umbrella programs remain the clear choice in its area of specialty for superior coverage, competitive pricing, and attentive service. Through thoughtful innovation, stemming back to 1995, Distinguished Programs fosters growth and opportunities for its brokers, carriers, and employees.

View a full list of our programs and submit business with Distinguished.

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