Retail & Restaurants Insurance
Commercial Property Insurance
for Retail & Restaurants
Your kitchen equipment, POS systems, refrigerators, display cases, inventory, and leasehold improvements represent a large investment. Commercial property insurance protects these assets from fire, theft, storms, and other covered perils — and can include spoilage coverage for perishable food and beverage inventory.
Industry-Specific Insight
Why Retail & Restaurants Businesses Need Commercial Property Insurance
Your kitchen equipment, POS systems, refrigerators, display cases, inventory, and leasehold improvements represent a large investment. Commercial property insurance protects these assets from fire, theft, storms, and other covered perils — and can include spoilage coverage for perishable food and beverage inventory.
Coverage Details
What Commercial Property Insurance Covers
Key protections included in a commercial property policy for retail & restaurants operations.
FAQs
Common Questions from Retail & Restaurants Businesses
Does commercial property cover food spoilage after a power outage?
Spoilage coverage is available as an endorsement or separate policy and covers perishable inventory lost due to power failures or equipment breakdown. It's especially important for restaurants.
What if a grease fire destroys my kitchen equipment?
Fire is a covered peril under commercial property insurance, covering both the building (if you own it) and your equipment and contents.
Does commercial property insurance cover flood or earthquake damage?
Standard commercial property policies typically exclude flood and earthquake damage. Separate coverage is available and may be worth considering depending on your location. A licensed agent can help you assess your exposure and find appropriate coverage.
What's the difference between replacement cost and actual cash value?
Replacement cost coverage pays what it costs to replace or rebuild damaged property at today's prices, without depreciation. Actual cash value accounts for depreciation, meaning you may receive less for older items or equipment. For most businesses, replacement cost is the preferred option.
Complete Coverage
Other Coverages Retail & Restaurants Businesses Commonly Need
A complete protection plan for retail & restaurants operations typically includes several complementary coverages.
Retail & Restaurants · Commercial Property
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