Finding the Right Recipe for Catering Insurance
One of the rewards of catering is discovering new recipes. It can take weeks and repeated attempts to get the ingredients just right, but when you've found a new salad, main course or dessert that's a real crowd pleaser you know it's been worth the effort. Getting those exclusive recipes is important to your business--and so is finding the right catering insurance. Fortunately, you don't have to spend weeks looking for the appropriate policies and coverages in business insurance for caterers. But you will have to do some shopping around to find the best rates.
Choosing Business Insurance for Caterers
The catering insurance policies you'll need to protect your business financially begin with business property insurance. If you had a fire, or someone broke into your business offices and kitchens, business property insurance would pay for damage to your office, your kitchens, your equipment both cooking and serving and any ingredients that you keep on hand.
Could you continue to run your business if your kitchen was damaged in a fire? How would you pay your bills? If you had business interruption coverage as part of your business insurance for caterers, you'd have some income to tide you over until you could start cooking again.
Another essential in your catering insurance portfolio is commercial auto insurance. You'll need coverage for any vehicles that you use in the business, whether you use them for sales calls or to transport food. You'll require some special coverages in your business insurance for caterers if you use a trailer or some other type of transportable cooking station for catering some events.
General liability insurance needs to be part of your catering insurance coverages. Unfortunately, people today are ready to sue whenever they perceive they've been injured. So, if someone gets sick while eating your food, someone injures themselves when they trip over a piece of equipment you're using, or someone gets scalded by a hot cup of coffee and decides to take you to court, you need the protection that liability insurance offers. Liability insurance will help cover the costs of legal fees and for damages if someone is successful in a suit against you.
Your catering business may need these additional insurance options:
- Equipment breakdown insurance
- Liquor Liability
- Business owners policy (BOP)
- Worker's compensation insurance
Shopping Around for Catering Insurance
When you're putting together a recipe, you know where to go to find the freshest ingredients. But do you know where to go to find the most competitive rates on business insurance for caterers? Your best choice would be netQuote.com.
Netquote.com saves you time by providing you with quotes for catering insurance from several of the leading insurers in your area. All you have to do is put in your order--that is fill out a single form describing your business--and you'll hear back from insurance companies that want to work with you. Netquote.com is the fast and efficient way to do your business insurance shopping--and it will leave you more time for creating the recipes that will boost the demand for your catering services.
See how much you could save today on your insurance. Get your free business insurance quotes today!
Editor's Note: This is an updated version of a story originally published on December 2, 2013.