| Fred Vance Insurance Service |Contact Us | Property Coverage | Business Liability | Crime Coverage | Optional Policies | Claims | Insurance Needs |
Protect your restaurant business against most types of losses with an insurance package tailored to the needs of most quality restaurants -- a package that helps avoid both dangerous gaps and costly duplications.
At Farmers you can receive maximum benefits at
competitive prices with the choice of convenient monthly or yearly premium payments. Best
of all, you're assured of Farmers' Fast, Fair, FriendlyŽ service from easily accessible
sales and claims offices.
The following is a general description of the Special Restaurant Package,
and not a policy contract. The policy itself should be read for your actual coverages and
exclusions.
The Super Policy covers all losses except for a few ordinary exclusions, such as mechanical breakdown, electrical discharge, wear and tear, deterioration, flood, earthquake, war and nuclear explosions.
BUILDING(S) at the described location including all garages, storage buildings and auxiliary structures pertaining to business occupancy.
ALL PERMANENT servicing equipment, machinery and fixtures used for maintenance or service of the building.
OUTDOOR FURNITURE, yard fixtures.
REPLACEMENT COST...No deduction for depreciation is taken if you maintain the required amount of coverage on your building(s).
BUSINESS PERSONAL PROPERTY usual to the restaurant.
SIMILAR PROPERTY owned by others, on the premises, in your care or custody.
IMPROVEMENTS AND BETTERMENTS to buildings you don't own.
NEWLY ACQUIRED BUSINESS PERSONAL PROPERTY for up to 10 percent (not exceeding $10,000) of the business personal property limit at another location, when reported within 30 days of acquisition.
PROPERTY AWAY FROM THE PREMISES for up to 2 percent (not exceeding $5,000 or less than $1,000) of the combined building and business personal property limit.
OUTDOOR TREES, SHRUBS AND PLANTS for certain perils up to $1,000 ($250 maximum per item).
SEASONAL AUTOMATIC INCREASES for seasonal variations of your business personal property.
REPLACEMENT COST...No deduction for depreciation is taken if you maintain the required amount of coverage on your business personal property.
ACCOUNTS RECEIVABLE (up to $5,000) covers money you are unable to collect from customers because of direct loss or damage to records.
VALUABLE PAPERS AND RECORDS will pay (up to $5,000) to reproduce, restore or replace covered items which are damaged or destroyed.
DEBRIS AND EMERGENCY REMOVAL will pay expenses following a covered loss.
CONSEQUENTIAL LOSS for heating or cooling failure which results from a covered peril to on-premises equipment.
TRANSPORTATION protection (up to $1,000) may be applied to cover business personal property in transit.
DAMAGE TO BUILDINGS from THEFT, BURGLARY or ROBBERY is covered if you are the occpant and the building owner or you are legally liable for the damage.
INCREASED COVERAGE for valuable papers and records and accounts receivable.
LOSS OF EARNINGS protects your business income and your ability to pay for continuing necessary expenses from business interruptions caused by a direct loss to your property by a covered peril.
SIGN COVERAGE for Direct Physical Loss to attached or detached signs, subject to a few common sense exclusions.
GLASS protection for exterior building glass includes boarding up damaged openings, repair or replacement of frames and installation of temporary plates.
FENCES AND WALKWAYS can be protected from the listed perils, if desired.
DEDUCTIBLE OPTIONS available are $250, $500 and $1,000.
Provides protection against covered liability losses, including losses from unknown hazards, subject to a few common exclusions. Includes automatic protection for any new premises you acquire or operations you undertake during the policy term.
PRODUCTS AND COMPLETED OPERATIONS covers Bodily Injury or Property Damage claims arising out of products you sold or work you have completed -- after you have relinquished control to the buyer.
ALL EXPENSES for defending you, including lawyer's fees, court costs and appeal bonds.
REASONABLE EXPENSES you may incur at Farmers' request, including your loss of wages up to $50 per day.
FIRE LEGAL LIABILITY coverage should you be held liable for fire damage to occupied, non-owned buildings and additions ($75,000 included).
PERSONAL INJURY LIABILITY covers legal liability for false arrest, slander, defamation of character, libel, malicious prosecution, invasion of privacy, wrongful eviction, or wrongful entry.
LIABILITY PROTECTION also includes Broad Form Property Damage, Contractual Liability, Employees as Insured's, Advertising Injury, Non-Owned Watercraft Liability, Employer's Non-Ownership Auto (except delivery exposures), and Parking Liability.
MEDICAL PAYMENTS covers necessary medical treatment for injuries to persons other than you or your employees, incurred and reported within one year, up to $5,000 per person.
LIQUOR LIABILITY provides coverage for liability in connection with the sale of alcoholic beverages.
BROAD FORM MONEY AND SECURITIES -- INSIDE provides coverage (up to $2,500 with a $100
deductible) for
destruction, disappearance or theft from the
business premises.
BROAD FORM MONEY AND SECURITIES -- OUTSIDE provides coverage (up to $2,500 with a $100 deductible) for destruction, disappearance or theft outside the premises when conveyed by a messenger.
DEPOSITOR'S FORGERY provides protection (up to $2,500) for forged or altered checks or drafts.
MEDICAL PAYMENTS (up to $500 per person) for you or your employees, for injuries resulting from an actual or attempted robbery.
EMPLOYEE DISHONESTY covers most losses due to employee dishonesty.
MONEY AND SECURITIES...Limits in excess of the included $2,500 are available up to $10,000 for on and off premises coverage.
Protects against loss resulting from explosion, rupture or breakdown of boilers and pressure vessels. The coverage can also apply to breakdown of air conditioning and other electrical or mechanical equipment common to restaurants.
Protects against catastrophic liability losses which exceed your underlying policy limits. It also serves as primary coverage for previously unknown exposures subject to your self-insured retention. Personal Umbrella coverage is also available.
Pays the benefits stipulated by statute to your insured employees who are injured in a work-related accident. Coverage is not available in all states.
Provides protection for your business property from the devastating effects of a flood.
You can request an endorsement be added. It will provide earthquake coverage, special provisions and deductibles.
Your covered claim will be handled in
a Fast, Fair and FriendlyŽ manner. This has been our tradition since 1928.
Farmers offers a full menu of coverages. We can tailor your business insurance program to suit your individual needs and prevent the problems that can arise when different companies carry your liability and compensation coverages.
We can also provide you and your employees with Life insurance coverage. Among our offerings are Business Life and Disability Insurance, Key Person Insurance, Partnership Insurance, Buy/Sell Agreements and Stock Redemption arrangements.
Workers' Compensation, most vehicle policies, Earthquake, Mechanical, Electrical and Pressure Equipment Protection are important additional coverages and are available as separate policies.