food & beverage liability insurance
TRANSCRIPT
Specialty Food & Beverage Insurance by Personal Coverage, Inc.
Specialty Food & Beverage Insurance by Personal Coverage, Inc.Protecting Your for the Worlds Enjoyment(and shedding some light on the insurance buying process)
Commercial General LiabilityCovers Bodily Injury and Property Damage to 3rd Parties due to the negligence of an insured from your Premise or operationsProducts or completed operationsCovers Personal Injury (libel, slander, etc.) and Advertising InjuryMedical Payments to 3rd parties for premise and operationsDefense costs associated with a claim
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Liability Limit Example$1,000,000 Per Occurrence for: Bodily Injury and Property Damage$2,000,000 General Aggregate: most the policy will pay in one year $2,000,000 Products & Completed Operations Aggregate: most the policy will pay in one year$1,000,000 Personal Injury & Advertising Injury$100,000 Property Damage to Premise Rented$10,000 Medical Payments to Others: not for products or completed operations claims
Policy FeaturesDoes a deductible apply?Additional InsuredsCoverage TerritoryDefense included in the limit of insurance or outside the limit of insuranceCoverage limited to designated productsVirus and Bacteria exclusions apply to products intended to be consumed?How is the policy Audited?Is it Occurrence or Claims Made?
Liability Insurance OverviewCommercial General Liability or Product Liability ?
Do limits meet your contractual requirements?
Occurrence vs. Claims Made
Additional Insured process, is there a charge?
Defense inside or outside the limits
What if you dont want or need the policy any longer?
Tom Wallace, CIC, ARM, Executive VP
Specialty Food & Beverage InsurancebyPersonal Coverage, Inc.
Protecting You for the Worlds Enjoyment
Toll Free 877-300-4760 (rings to my mobile)
OR
www.specialtyfoodbeverage.com
www.personalcoverage.com