Catering Insurance in Vermont
What is Catering Insurance?
Establishing a catering business requires a substantial investment of both time and finances, and the resources that are poured into this type of business ought to be protected. Catering insurance policies help protect caterers in Vermont from a variety of covered perils.
Catering insurance policies are specially designed commercial insurance policies that meet most caterers’ risk mitigation needs. In order to meet multiple needs, these policies are usually crafted as package policies that bundle several coverages together.
What Businesses in Vermont Need Caterer Insurance?
Broadly speaking, any Vermont business that regularly serves beverages and/or foods at private events may benefit from the protections that caterer insurance offers. This generally includes full-time catering businesses, part-time catering businesses and traditional restaurants that have a side catering business.
In a few cases, businesses that serve beverages and/or foods in event settings may have many insurance needs that are similar to those of caterers but actually be better off with a slightly different commercial insurance policy. For instance, food trucks that serve at festivals and local events often find that a food truck policy better meets their needs than a caterer policy.
Businesses that are unsure whether caterer insurance is the right type of policy for them can speak with an informed insurance agent. Someone who specializes in caterer and similar insurance policy options will be able to provide guidance toward the most appropriate policy based on a business’ situation and needs.
What Protections Are Available Through Caterer Insurance Policies?
As stated, most caterer insurance policies provide multiple coverages that are bundled together. Some of the coverages that a policy might make available include:
- Contents Coverage, which often protects company-owned supplies and equipment
- Food Contamination Coverage, which often protects food if it’s contaminated during a disaster
- Equipment Breakdown Coverage, which often covers essential equipment if it breaks down
- General Liability Coverage, which often covers common accidents and defamation claims
- Product Liability Coverage, which often covers claims related to foodborne illnesses spread by served items
- Commercial Auto Coverage, which often covers company-owned vehicles
Building coverage is frequently also available, but not all caterers need the protection. Building coverage normally insures company-owned buildings against various types of damage, so the protection is usually only necessary when a catering business owns a building.
Do Caterers Need Liquor Liability Coverage?
Catering businesses that serve alcohol generally need liquor liability coverage. The coverage protects against alcohol-related incidents, which are often excluded in the terms and conditions of other coverages, and it’s legally required in many situations.
Do Caterers Need Workers Compensation Coverage?
Catering businesses that employ workers typically have to carry workers compensation coverage, which may cover on-the-job injuries and illnesses that workers develop. When a business employs workers, the coverage is usually required by state law. Businesses that don’t have employees but instead hire independent contractors might not need the protection.
An insurance agent can help caterers determine whether their employment situation calls for this coverage. An agent can also assist with obtaining the coverage if it’s needed. Sometimes the coverage may be included in a catering policy, but other times it’s purchased separately via a stand-alone policy.
How Much Do Catering Policies Cost?
Insurance companies consider many factors when setting rates for catering policies, so the polices’ premiums frequently vary. Caterers can find out how much they’ll need to pay for the coverages they want by requesting quotes with an independent insurance agent. In most cases, quoted rates are quite affordable.
How Can Caterers in Vermont Get Catering Insurance?
For help insuring a catering business that’s located in Vermont, contact the independent insurance agents at T.S. Peck insurance. Our agents have worked with many caterers in the state, and they have the expertise necessary to help you find a catering insurance policy that meets your business’ particular needs.