What to Look For When Considering Catering Insurance
As a professional in the catering industry, you know that protecting your business with Catering Insurance isn’t just a good idea—it’s a necessity.
There are many risks associated with running a catering business. There are trip-and-fall accidents, property damage claims—even accidentally making your clients sick. All of these events, even when unintentional, can lead to legal action against your company that, without liability insurance, could financially ruin your business.
With so many insurance companies out there, it can be hard to find the best way to get your business covered. Luckily, your friends at FLIP are here to help. Let’s take a look at some of the things you should consider when looking for the best insurance.
What To Look For When Considering Catering Insurance
What Policies Does It Provide?
Insurance can be kind of funny. When we use the term “Catering Insurance,” did you know we aren’t actually referring to a specific insurance policy? Rather, it’s a combination of the policies that we think are necessary or beneficial when it comes to protecting your catering business.
As you can imagine, every insurance provider is going to offer different policies in their plans, so it’s important to know what each policy does and why you may need it. Some of the most common policies to look for include:
General Liability: this can protect your catering business from third-party bodily injury and property damage claims.
Product Liability: this can protect your catering business should the food you serve ever make your clients sick.
Business Personal Property: this protects your business equipment if it gets stolen or damaged in an accident
Cyber Liability: this can protect your business from first- and third-party claims should your business fall victim to cyber crime.
Many providers will also allow additional policy options into their insurance plans should you need it. For example, Catering Insurance by FLIP offers extra general liability coverage as well as additional policies like professional liability, which is designed to protect your business from third-party negligence claims.
How Much Does It Cost?
It could easily be argued that the “best” insurance plan is the one that provides you with the most comprehensive and robust coverage for as little as possible. Whether that argument is true or not, cost is certainly something that many catering business owners consider when looking for coverage.
Every insurance provider is going to charge different amounts for their plans, so one thing to look at is how much actual coverage you get for the amount you pay.
With FLIP, Catering Insurance costs just $299 a year for up to $2 million dollars in general and product liability coverage as well as an additional $10K in business personal property. All things considered, for just $299 a year, that’s a pretty good deal.
By comparing the amounts of coverage you get for the price you pay per policy provided, you’ll be able to find an insurance plan that covers your business’ needs.
Protect Your Business Today With FLIP
There are a lot of coverage options available when it comes to protecting your catering business, but not all are created equal. If you are looking for a way to protect your business from the risks associated with the catering industry, consider giving FLIP a look.
FLIP provides catering professionals like you with affordable, A+ rated catering insurance. Our online process is quick and easy—it takes less than ten minutes to complete. Don’t let your catering business go without coverage. With FLIP you can create a financial safety net that will protect your business for years to come.