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 $40,000,000 (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
Related products
Product Contamination
The consequences of contamination can be dire but with our support, the fallout can be managed.
Active Assailant
Active Assailant Insurance is an essential component of any risk management strategy concerned with people-risk, business continuity and reputational risk.
Why choose Tokio Marine HCC?
Tokio Marine HCC is a leading specialty insurance group with offices in the United States, Mexico, the United Kingdom and Europe, transacting business in approximately 180 countries and underwriting more than 100 classes of specialty insurance.
More about us Financial strengthNot all products, coverages, or features may be available in all states.; Restrictions, exclusions, limitations, and conditions apply and you should see your agent for more information. Certain products and services are provided through non-admitted insurance carriers and are not subject to certain State Guaranty Funds. California Non-Resident Producer License Number: 0A96565