Property coverage

Contents and Inventory

Covers losses to owned or leased property like food inventory, food service products, tablets and equipment. This coverage includes:

• Spoilage coverage
  Coverage for inventory loss caused by spoilage resulting from power outages or equipment breakdown.
• Transit coverage
  Applies to items that are in transit and away from your restaurant premises, such as serve-only trailers and off-site kiosks.

Business Income Interruption

Covers the loss of an Operator’s net income and continuing operating expenses after a covered loss and includes:

• Utility interruption coverage following 24-hour qualifying period
  $75,000 sublimit applies following direct physical loss resulting from a covered peril in the event of a utility disruption, including service loss of water, telecommunications, sewer, electricity and more.
• Third-party interruptions covered under the policy due to direct physical loss
  If a third-party business is interrupted (a supplier location, a leader location that attracts customers or a recipient location that receives products of the restaurant), Business Income coverage will be triggered.

Non-owned Auto Physical Damage

Covers physical damage to vehicles not owned by the Operator and includes:

• A broad range of physical damage
  Non-owned vehicles being used for restaurant business are covered for a wide range of physical damage, such as collision with another vehicle, hitting a bird or animal, falling objects, glass breakage, vandalism, fire and more.

Enroll in Property coverage

PLEASE NOTE: These policies are not standalone. Contents and Inventory coverage must be purchased with Business Income coverage or Non-Owned Auto Physical Damage coverage. Business Income coverage and Non-Owned Auto Physical Damage coverage must be purchased with Contents and Inventory coverage. Exclusions may apply. For a full understanding of coverage, please read the policy.

Property coverage limits and premiums
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*Click here to view CAT counties.

An increased deductible may apply to losses caused by windstorm or earthquake if the insured is situated in a designated county. Please contact Lockton Affinity if you are unsure of your restaurant’s designation.

Premiums are subject to applicable surplus lines tax.

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