Can you purchase catering insurance on a day to day basis of the event.
Total Comments: 7
Posted: Wed Feb 08, 2012 01:16 pm Post Subject:
Yes, few insurers do provide liability insurance on a day to day but most provide it on a per-event basis. Caterer's insurance provides coverage for:
General liability
Liquor liability
Public liability
Product liability
Employer's liability
Posted: Tue Jul 03, 2012 04:57 am Post Subject: CATERING INSURANCE
I NEED CATERING INSURANCE FOR THE STATE OF PA I NEED IT ASAP CAN YOU HELP
Posted: Tue Jul 03, 2012 02:51 pm Post Subject:
Contact a local insurance broker. You should be able to get coverage within 7-10 days.
Posted: Thu Jul 12, 2012 01:20 am Post Subject:
I worked my way through lawschool as a chef and even operated my own catering company for a number of years (i.e. Stewart Crawford Cateing). I had all independent contractor employees and would rent space fom restaurants and other catering companies. I would purchase event insurance for each gig and would just google the term event insurance. Find a policy with appropriate coverage and acceptable premiums. Good luck
Stew
Posted: Thu Jul 12, 2012 02:08 pm Post Subject:
It could be less expensive to purchase an annual policy at a cost of about $500 compared to four or five individual event policies of $150 or more each. The need will determine the best course of action.
Posted: Fri Jul 13, 2012 08:51 pm Post Subject:
The benefit to event insurance is that you can transfer the cost to the client by building it into the proposal rather than incurring it as overhead
Posted: Sat Jul 14, 2012 01:06 am Post Subject:
It gets transferred into the cost of doing business one way or the other. Just like the price of diesel fuel for truckers, if the cost goes up $1 per gallon, and the truck gets 6 miles to the gallon, then the cost of a shipment goes up by $0.17 per mile or more.
But if a caterer is only doing one or two events per year, then purchasing coverage separately for each event may be a tiny bit less expensive than purchasing a year's worth of coverage.
If I do 20 events per year, and my annual CGL premium is $500, I only need to build $25 into the cost to cover my "overhead". That's far less than purchasing a $100 policy 20 times and having to inflate the cost of my services by $100 to cover it. That extra $75 could make or break a booking in today's economy.
Posted: Wed Feb 08, 2012 01:16 pm Post Subject:
Yes, few insurers do provide liability insurance on a day to day but most provide it on a per-event basis. Caterer's insurance provides coverage for:
General liability
Liquor liability
Public liability
Product liability
Employer's liability
Posted: Tue Jul 03, 2012 04:57 am Post Subject: CATERING INSURANCE
I NEED CATERING INSURANCE FOR THE STATE OF PA I NEED IT ASAP CAN YOU HELP
Posted: Tue Jul 03, 2012 02:51 pm Post Subject:
Contact a local insurance broker. You should be able to get coverage within 7-10 days.
Posted: Thu Jul 12, 2012 01:20 am Post Subject:
I worked my way through lawschool as a chef and even operated my own catering company for a number of years (i.e. Stewart Crawford Cateing). I had all independent contractor employees and would rent space fom restaurants and other catering companies. I would purchase event insurance for each gig and would just google the term event insurance. Find a policy with appropriate coverage and acceptable premiums. Good luck
Stew
Posted: Thu Jul 12, 2012 02:08 pm Post Subject:
It could be less expensive to purchase an annual policy at a cost of about $500 compared to four or five individual event policies of $150 or more each. The need will determine the best course of action.
Posted: Fri Jul 13, 2012 08:51 pm Post Subject:
The benefit to event insurance is that you can transfer the cost to the client by building it into the proposal rather than incurring it as overhead
Posted: Sat Jul 14, 2012 01:06 am Post Subject:
It gets transferred into the cost of doing business one way or the other. Just like the price of diesel fuel for truckers, if the cost goes up $1 per gallon, and the truck gets 6 miles to the gallon, then the cost of a shipment goes up by $0.17 per mile or more.
But if a caterer is only doing one or two events per year, then purchasing coverage separately for each event may be a tiny bit less expensive than purchasing a year's worth of coverage.
If I do 20 events per year, and my annual CGL premium is $500, I only need to build $25 into the cost to cover my "overhead". That's far less than purchasing a $100 policy 20 times and having to inflate the cost of my services by $100 to cover it. That extra $75 could make or break a booking in today's economy.
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