Food & Beverage Insurance

Business Insurance for the Food & Beverage Industry

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What is Food & Beverage insurance?

You are working hard every day and whether you own a restaurant, bakery, coffee or ice cream shop we all know that food businesses can be challenging. Good news, we can help take a load off your shoulders by assisting you in finding the right coverage for your food or beverage business.

We can protect you in many situations from replacing spoiled food caused by a failed refrigerator or a lawsuit from a customer who gets sick from contaminated foods. A business insurance policy can help cover unexpected costs and allow you to continue to operate.

Types of coverages included in business owners policy

Business property

General liability

Business income

Equipment breakdown

Coverages Available for Food and Beverage Businesses

Below are coverages that may be available for your business. We can help explain what coverages are standard and which are available as add-ons, so you can craft a business owners policy (BOP) that fits your needs. Some coverages are subject to deductibles and limits.

So let' break it down and talk through a few examples:

  • You Can't Open Your Business

    Your business is damaged due to a fire and you cannot operate until repairs are made.

    • Business Income And Extra Expense Coverage – This coverage helps with loss of income and fixed expenses, such as rent or payroll, while your business is temporarily closed for repairs after a covered loss. This coverage provides your business with up to 12 months of coverage.
  • Building Or Property Damage

    If your business building or business property are destroyed due to a covered loss, such as a fire or theft, costs could add up quickly.

    • Business Building/Personal Property Coverage – This coverage pays to repair or replace your owned business building and/or your business personal property, up to the limits you select.
  • Employee Dishonesty

    Your business receives checks, credit card payments and sometimes cash for work that you do. When reviewing the monthly receipts, you notice that the deposits were lower than usual.

    • Employee Dishonesty Coverage – This coverage helps pay for a loss if an employee steals money or property from your business. This may be an optional coverage.
  • Oven Breaks Down in Your Shop

    The oven at your business location breaks down due to a power surge, and you are unable to prepare the food and you lose your entire inventory due to spoilage.

    • Equipment Breakdown Coverage – This coverage helps pay for your company's expenses resulting from the sudden breakdown of machinery or other equipment.
  • Computer Virus Attack

    You get an email from a client, but you open it to discover that it contains a virus.

    • Electronic Data Coverage – This provides coverage for repairing and restoring data due to harmful code that damages or destroys any part of your company's computer system. This coverage is included in a basic BOP, but you have the option to increase coverage limits.
  • Power Outage

    A transformer blows and you lose power to your business.

    • Spoilage Coverage – This coverage helps reimburse you for perishable items that spoil due to a power outage.
  • Stolen Cash

    Money is stolen from your business in a burglary or theft could lead to hardship.

    • Money And Securities Coverage – This optional coverage helps protect your business against loss of money or securities due to theft, disappearance or destruction. This coverage may provide reimbursement whether the loss occurred on or off your business premises.
  • Contaminated Food

    Your shut down by the health department due to food contamination.

    • Food Contamination – This coverage helps pay to clean equipment and replace contaminated food if your business is shut down by the health department. It may also reimburse you for lost business income and other expenses while your company is shut down.
  • Billing Records Are Destroyed

    There is a fire and your company's billing records are destroyed. This makes it difficult for you to collect payments from customers.

    • Accounts Receivable Protection – This covers the increased cost of collecting payments and the expense of reestablishing the records of accounts receivable.

Other Business Insurance Related Products

Workers' Compensation Insurance

This helps provide financial protection for job-related accidents and illnesses.

Commercial Auto

A personal auto policy is not enough to cover vehicles used for business. Commercial auto insurance:

  • Can offer more liability coverage to protect you
  • Can include cars, pickup trucks, box trucks, and more

Umbrella Insurance

Can give you $1 million in coverage* on top of your auto or homeowners policy limits. An umbrella policy could save you from paying out of your own pocket.

Cyber Liability

Protects businesses from computer-related attacks, such as malware, phishing, ransomware, or if laptop with confidential information on it is stolen.

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Commercial auto and rideshare coverage is underwritten by Government Employees Insurance Company. In some cases commercial auto coverage is provided through GEICO Insurance Agency, Inc., either under an arrangement with National Indemnity Company (NICO), a Berkshire Hathaway affiliate, or with non-affiliated insurers.

Other business insurance coverages are written through either Berkshire Hathaway affiliated or non-affiliated insurance companies and are secured through the GEICO Insurance Agency, Inc. We can help you secure business insurance in all states except Hawaii.

The information you provide will be shared with our business partners so that they can return a quote.

Please note:

The above is meant as general information and as general policy descriptions to help you understand the different types of coverages. These descriptions do not refer to any specific contract of insurance and they do not modify any definitions, exclusions or any other provision expressly stated in any contracts of insurance. We encourage you to speak to your insurance representative and to read your policy contract to fully understand your coverages.

For online quotes:

GEICO Insurance Agency, Inc. has partnered with Hiscox Insurance to provide business insurance products. When you click on "Start Quote", "business owner's insurance quote", or "business owner's policy quote" you will be taken to the Hiscox website, which is not owned or controlled by GEICO.

GEICO has no control over the privacy practices of Hiscox and assumes no responsibility in connection with your use of their website. Any information that you directly provide to Hiscox is subject to the privacy policy posted on their website. All business products offered are written on an admitted basis (Hiscox Insurance Co., Inc.) with A.M. Best credit rating of 'A' (Excellent) and financial size XI.