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people eating at restuarantWithin the restaurant industry, theft is a growing problem. Theft can occur in various forms. Management, employees, customers and others can be risks when protecting your company's assets.

Inventory for a restaurant is some of the most valuable of the assets owned. Yet, it is at one of the highest risks of theft. Restaurant insurance may help to cut some of these potential damages.

What Will Restaurant Insurance Cover?


Every insurance plan is a bit different than the next. In most situations, restaurant insurance will cover theft of a business' product. Usually, the losses must be through no fault of the business, however. It covers theft from most sources, including in instances when there is evidence of a break in.

However, these policies have deductibles. Unless your loss is above that deductible, you may not see coverage provided. Keep in mind these factors.
  • You will need to file a police report for the theft. It is important that you do this so the insurer understands you are serious about stopping the problem and resolving the loss.
  • The use of safety equipment, such as cameras and security doors, can help prevent such losses. When in place, insurance companies will require that you try to determine the cause of the loss.
  • Restaurant insurance is not meant to cover inventory lost due to poor management. This might mean over-ordering or allowing food to spoil before use. And, claims made like this are often rejected.
You can and should work to stop this type of loss. The use of security is one step. You should also use software to track the use of product on the floor and coming into your business.

A great deal of theft occurs unnoticed in many restaurants. That is, owners never notice the product is gone because there is a constant supply. Proper food tracking software can help to eliminate this.

Restaurants should work with their business insurance provider to ensure that they have coverage for specific losses. While you may not benefit from filing insurance claims for small theft, you can and should file them for larger instances when the loss of the product impacts your business and its operations or function.

Our insurance offerings can help you find the plan that is correct for you. Call Exceed Insurance at (855) 539-2333 for a free restauraunt insurance quote.
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