Provided by Specialty Group

Restaurant Recovery

Cover your business expenses and losses as a result of an Adverse Publicity, Accidental Contamination, Supplier Contamination, or Malicious Tampering (including Product Extortion) event.

Overview

This policy is designed to protect the most valuable asset of restaurants and food service vendors alike; their brand and the reputation of the products they sell. Accidental contamination, adverse publicity (including allegations), or malicious tampering of ingestible products in the restaurant industry causes millions of lost revenues a year. If your restaurant or food/beverage vendor establishment experiences a foodborne illness incident or adverse publicity alleging one, how would you handle the situation? Every move you make will be critical to re-establishing your customers' confidence as well as complying with government agencies to allow your doors to stay open.

Target insureds

Restaurant Owners and Operators
Franchisors and Franchisee’s
QSR (Quick Service Restaurant) and Fast Casual Restaurants
Casual Dining and Fine Dining
Food and Beverage Vendors: Coffeehouses and Tea Shops, Specialty Drink Shops, Ice Cream, and Specialty Dessert Shops
Pizzeria’s, Deli’s, Cafés
Food Trucks
Ghost Kitchens

Highlights

Policy limit options up to $50,000,000 (higher limit options potentially available based on request)
Ability to offer $0 Self-Insured-Retention and Waiting Period options
Adverse Publicity coverage for products served at any restaurant under the same Trade Name as our Insured
Royalties coverage available
No additional premium is charged when new locations are opened due to Organic Growth during the policy period
Policyholders have priority access to industry leading crisis response consultants, The Acheson Group, LLC (TAG) led by Dr. David Acheson
Exclusive 24/7 crisis hotline with TAG
Reinvest part of your policy premium back into your business. A percentage of the policy premium can be used with TAG on pre-incident consulting (the percentage amount will be outlined on your quote)
Workplace Violence Endorsement Available

Summary of coverage

Coverage is available to protect revenues at risk for single restaurant locations, small or medium sized restaurant groups, as well as large franchise programs with 1,000+ locations on a single policy. Coverage can also focus on protection to corporately owned major national brands with gross revenues often exceeding $1B. At the core of RRI, our coverage exists to protect and compensate a restaurant for financial losses resulting from contamination of food products, or the adverse publicity stemming from media reporting of a baseless allegation that food products in the restaurant have been contaminated.

Financial Losses:

Lost Gross Profit
Recall Expenses
Rehabilitation Expenses
Increase Cost of Working
Inoculations and Vaccinations
Extortion Costs
Crisis Consultant Costs

Get in touch

Danielle Bouchard

Senior Vice President, Specialty Underwriting

Jared Leslie

USA - Underwriting Manager

Ronald Nfor, Esq.

USA - Specialty Claims Manager - Crisis Management

Scott La Croix

Canada - Vice President, Head of TMHCC Specialty Canada Operations

Documents & forms

Brochure

Product Information

Download

Brochure

The Acheson Group (TAG) - Crisis Response Consultants

Download

Application

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