OUR INSURANCE PROCESS

Securing insurance for your food or beverage business can be confusing. Below we break down our insurance process into simple steps, so you can gain a clearer understanding of the insurance products we offer and how our insurance process works. As always, please contact us with questions.

    • General Liability

    • Product Liability

    • Umbrella Liability

    • Commercial Building

    • Commercial Property (Inventory, Packaging, Ingredients)

    • Product Recall

    • Cargo/Transit Coverage (Sea and/or Land, Domestic, Foreign)

    • Stock Throughput

    • Workers Compensation

    • Commercial Automobile

    • Directors & Officers Liability

    • Employment Practices Liability

    • Liquor Liability

    • Surety Bonds

    • Crime Coverage

    • Equipment Breakdown (Boiler & Machinery)

    • Some coverages can be offered as a package under one policy number

    • Basic Information on your business

    • Product labels are usually required

    • Website and Facebook review

    • Applications may need to be completed for a quote depending on coverage offering

    • All information is only submitted to insurance carriers for quotation and is confidential

    • We can and do sign NDA (non-disclosure agreements) if required. We value your information

    • Loss History of your business if you have existing insurance coverage

    • Verbal premium expectations can be given where it is appropriate

    • Formal quote is only way to get firm insurance terms and premium charges

    • We send you a formal quote outlining coverage

    • Quotes are usually good for a 30 day period

    • For quotes older than 30 days it often does not require a new submission unless there have been changes to your operation

    • Quotes are given for annual premium charges in most cases

    • We think you will feel very comfortable with this process. No hype, no pressure just solid information so you feel confident in your decision.

    • Some quotes can be done same day but expect 24 hours if we can quote your business in house. When applications need to be submitted to others for a quote, expect 3 to 5 business days.

    • Get started on an insurance quote.

    • Applications can be signed electronically

    • Insurance company payment options vary with the product and insurance company used

    • Premium financing is available for many product types if the insurance company requires an annual payment

    • Credit card payment of down payments can be made

    • Factor in a 25% to 35% down payment depending on product, insurance company and billing frequency

    • Policies are usually for a 12 month period.

    • Some policy types need to be renewed each year and some automatically renew

    • All policy types that are based on sales or payroll require an annual premium audit

    • We become your independent agent or broker

    • We are your source for questions of any type

    • Claims are reported to us or to your insurance company directly

    • Certificates of Insurance, Insurance Binders and other forms of proof of coverage are done in our office

    • Most service requests are executed within 24 hours of request

    • Weekend and evening requests can be accommodated when required

    • We never charge a fee or a tax for any service, we are paid by the insurance company directly and it is part of the premium you pay

    • We review insurance specifications for Certificate of Insurances (COI)

    • We can add product lines as you need them

    • We will post your website link on our site for added SEO

    • We will post your News on our Facebook and Google+ pages

    • We will do our best to help you find information to solve your non insurance challenges

    • We use LinkedIn and are happy to pass along our contacts to you based on your need

    • We periodically attend shows to keep track of trends in the industry

    • Startup Spice Rub- $20,000 sales, General Liability only- $425 per year

    • Seafood Company-$90,000 sales, General Liability only-$1300 per year

    • Baked Goods-$15,000 sales, General Liability only- $425 per year

    • Specialty Beverage- $500,000 sales- General and Umbrella Liability- $2500 per year

    • Candy Company – $10,000,000 sales, $500,000 limit, -Product Recall- $6,700 per year

    • Importer- $200,000 inventory- Property only- $1500 per year

    • Hot Sauce- $21,000 sales-General Liability, Limited Product Recall, Property -$881 per year

    • Health Product/Supplement-$150,000 sales-Product Liability-$6,700

    • Importer Frozen Foods-$500,000 sales-Product Liability-$1,706 per year

    • Importer/Grain-$200,000 sales- Product Liability-$1,698 per year

    • Specialty Beverage-$450,000 transit amount-Stock Throughput-$3,970 per year

    • Specialty Beverage-$500,000 sales-General & Umbrella Liability-$3,211

    • Food/Drink Event organizer- $20,000 sales- Liquor Liability- $1,100 per year

    • Specialty Beverage-$15,000 sales, General Liability, Property, Limited Auto- $636 per year