At Restaurant Select we proudly serve only products from insurance companies that are rated B+ or better by A.M. Best & Company.

Starters

A Risk Management Review of Your Operations and Exposures to Loss Each client has unique risk exposures depending upon their physical premises, operations, services and products. It is very important that your business’s loss exposures are carefully identified and the risks of loss assessed before a program of insurance can be structured. Only then will an insurance program respond to your unique needs. We can help you:

• Prepare schedules of all assets and their replacement cost.
• Identify premise, operational and product hazards that create potential third party liability exposures.
• Identify potential causes of loss.
• Assess the financial impact of loss.
• Identify possible methods to avoid, transfer or minimize risk through non-insurance mechanisms.

A Risk Management Review of Your Current Program - During our work with you, proprietary tools will be used to ascertain your real exposures to loss and we will help demystify the questions you normally ask:

• Identify insurance solutions to remove risk and develop alternative risk financing approaches to minimize the cost of risk.
• What insurance do I need?
• How much do I need?
• How much should I retain?

Ala’ Carte Entrees
Workers Compensation and Employer’s Liability - Workers’ Compensation coverage applies to bodily injury and diseases arising out of and in the course of employment. Limits are statutorily set by each state. Any bodily injury must be accidental, and the term includes death resulting from the accident. Only occupational diseases, which are unique to the occupation, are covered. Coverage can apply in your own state or all states.

Building and Contents Insurance - Property Insurance covers the risk of property loss in a variety of commercial situations, including commercial buildings, equipment, furniture, fixtures, inventories, business records, supplies and other physical items. Other very desirable coverage enhancements are listed below under “Complete Dinner Entrees – Side Enhancements”.

Business Interruption – Business Interruption protects the owner from loss of income if your business can no longer operate because your building or premises are no longer usable as a result of a covered loss to the Property. Depending upon how the insurance is written, the policy also can reimburse you for operating expenses you incur even though you no longer use the premises, including additional expenses needed to restore the business to normal. Coverage may be available on an Agreed Amount basis or an Actual Loss Sustained. Agreed Amount Coverage may also be structured to include or exclude ordinary payroll. To determine how what your exposure is please feel free to use our worksheet.

Crime - It is important to insure a business against the various types of crime that the business may be exposed to. Most businesses carry insurance against Employee Dishonesty, Forgery and Alteration, Theft, Robbery and Burglary. As businesses use the internet and computers more, the purchase of coverage for Computer Fraud is increasing.

Equipment Breakdown - Property/casualty policy only covers damage to your equipment from "external" causes, such as a fire, wind or civil commotion. The policy does not cover damage from "internal" causes such as mechanical failure, electrical short circuit or "arcing" (faulty wiring or motor burnout). To protect against this risk a business owner should purchase "equipment breakdown" insurance. Equipment breakdown insurance is important because it covers the cost of repairing and replacing the damaged equipment, and frequently (but not always) includes "business interruption" and "service interruption" coverage, which will cover you against loss of business or income due to equipment downtime.

Commercial General Liability Insurance - General liability insurance consists primarily of liability coverage which protects an insured party against real or alleged bodily injury, property damage or personal injury claims made by third parties. These claims may arise out of: your owning or leasing premises; conducting your normal day-to-day operations; entering into contracts; providing your services; your advertising practices; and/or problems with your products.

Liquor Liability – Liquor liability insurance provides liability coverage which protects an insured party against real or alleged bodily injury, property damage or personal injury claims made by third parties arising from the serving and sale of alcohol. Coverage may on not be included for Assault and Battery.

Business Auto Insurance - Business Auto coverage insures the business for claims arising from the use of vehicles that are owned, leased, hired or borrowed. Business Auto insurance may be used to insure private passenger vehicles, trucks and other commercial vehicles designed for use on public roads.

Complete Dinner Entrees

Business Owners Policy – Ideal for those with a lighter exposure to loss as evidenced by revenue less that $1.5 million and liquor receipts less than 30% of gross receipts. These are pre-packaged programs providing the client with building and contents, business interruption, equipment breakdown, crime

Commercial Package Policy – For those with a heartier exposure as evidenced by sales that are greater than those qualifying you for a BOP or having unique risk exposures, a commercial package policy provides a means by which Ideal for those with a lighter exposure to loss as evidenced by revenue less that $1.5 million and liquor receipts less than 30% of gross receipts.

Side Enhancements – Most restaurant packages typically contain enhancements such as:

Property
Accounts Receivable
Backup of Sewers and Drains Coverage
Consequential Loss
Debris removal
EDP Equipment
Enhanced Property off Premises Coverage
Extended Business Income
Extra Expense
Fine Arts Coverage
Fire Department service Charge
Fire Protection Device Recharge
Glass
Increased Cost of Construction
Newly Acquired and Constructed Property - Building
Newly Acquired and Constructed Property – Personal Property
Off Premise Power Failure – Direct Damage
Ordinance or Law coverage
Outdoor Property
Outdoor Signs
Personal Effects and Property of Others
Pollutant clean-up and removal
Property in Transit
Property off Premises
Spoilage, Contamination, Change in Temperature or Humidity
Valuable Papers and Records – Cost of Research
Water Back Up of Sewers and Drains

Equipment Breakdown Coverage
Food Spoilage
Mechanical Breakdown and Artificially Generated Electric Current Coverage
Electronic Data Processing Equipment Systems Breakdown Coverage

Crime Coverage
Employee Dishonesty
Forgery or alteration
Theft, Disappearance & Destruction – On Premise
Theft, Disappearance & Destruction – Messengers
Robbery & Safe Burglary – Other than Money and Securities
- Robbery of a Custodian
- Safe Burglary
- Messengers

Specials

Umbrella Liability – In most instances, primary liability limits do not protect you adequately should a lawsuit be filed claiming liability. Commercial Umbrella liability provides further financial limits over and above the underlying liability insurance purchased.

Caterer’s Errors and Omissions – Caterers Errors and Omissions insures against claims made by clients alleging they suffered a financial loss, extra expense or other personal injury as a result of an error or an omission committed by you in the delivery of your catering services.

Employment Practices Liability (“EPLI”) - Employment Practices Liability Insurance insures against claims made by employees against an employer alleging discrimination and harassment. Harassment and discrimination are typically defined as inappropriate conduct including failure to hire and personal injury allegations such as libel or slander. The definition of an employee includes part time, seasonal, temporary and independent contractors (where employed on a dedicated basis).

Flood Insurance - Insures the owner of a building for damages caused by flood to the building and its contents. Flood insurance is primarily written through the National Flood Insurance Program (“NFIP”) which was created in 1968. According to FEMA (www.floodsmart.gov) a flood is defined as:

A general or temporary condition of partial or complete inundation of two or more acres of normally dry land or of two or more properties (at least one of which is the policyholder’s property) from:

• Overflow of inland or tidal waters; or
• Unusual and rapid accumulation or runoff of surface waters from any source; or
• Mudflow; or
• Collapse or subsidence of land along the shore of a lake or similar body of water as a result of erosion or undermining caused by waves or currents of water exceeding anticipated cyclical levels that result in a flood as defined above.

Flood insurance is provided on an Actual Cash Value. Coverage may be available from the standard market on an excess or DIC basis, depending upon the location and nature of the property.

Directors and Officers Liability - Insurance designed to protect directors and officers including their personal assets from claims made against them for losses arising out of an alleged Wrongful Act. Wrongful Act is defined as an error, omission, misstatement, neglect, breach of duty or negligent act by any of the directors and officers, while acting as a director or officer of the company. The responsibilities and duties of directors and officers include acting as a fiduciary, exercising proper care and skill, acting within the law and acting within their authority. In today’s environment, claims are filed by employees, customers, consumer groups, competitors and investors/shareholders.