Key Details About Off-Premise Coverage for Food Delivery Businesses & Caterers
Off-Premise Coverage can ensure that your catering equipment, food products, and other people's property are protected while carrying out your daily business away from your establishment. As you weigh which business protection policies are appropriate for your catering or food delivery business needs, be sure to consider the following types of security that Off-Premise Coverage can offer.
Off-Premise Property Coverage
Your Off-Premise policy can cover others' property in your custody or control. Just as your standard Property Insurance would protect your business establishment by compensating you for damage to your building and its contents, Off-Premise Coverage extends this security to the venues where you operate.
For example, if your heating equipment catches fire and damages the venue where your business is catering an event, your policy can cover the property damage even though your business does not own or rent the facility. Because property damages can easily exceed tens of thousands of dollars, this coverage can save your small business from paying out of pocket for the associated expenses. If you're unsure how much coverage is adequate for your catering or food delivery business, ask your insureon agent, and we'll help you find a policy that protects you.
Off-Premise Equipment Breakdown Coverage
At Insureon, we know your culinary equipment is essential to your daily business operations. That's why Off-Premise Coverage is designed to protect your equipment and supplies while your catering business uses them at another location. Not only does this coverage allow your business the freedom to operate remotely, but you can also rest assured that your equipment can be replaced should it be damaged somewhere other than your primary business location.
Depending on your policy specifications, your coverage may include your mobile refrigeration units, stoves, ovens, computer systems, and culinary supplies in the event of a fire, wreck, or other covered catastrophe.
Additionally, if your food products are ruined directly by your malfunctioning, damaged, or broken equipment, this kind of Property Insurance policy may also compensate your business for the damaged products and inventory.