Originally Posted by jewelsandaj
Thanks to you both! I'll check out Hartford and Travelers.
Pete, if GBL is not potentially right for catering or personal chef, which type of insurance do you recommend?
Ah, GBL is the category you're looking for, the devil is in the details!
General is just that, GENERAL. It covers everything that might go wrong!
First, understand I am NOT an insurance broker nor am I trained in insurance in any way. I have owned my own businesses for the past, um, 40 or so years.
You need to look at questions such as:
- Do you have, or expect to have, employees driving company owned vehicles? Oh, then you need vehicle liability insurance for employee driver(s)
- Do you serve alcohol?
- Do you need "water damage" coverage?
- What about "fire and extended coverage"?
- Oh yes, what about theft, especially for caterers, by employees, or someone else that you have to defend.
- Suppose an employee engages in an illegal activity while on a job, say selling drugs, are you covered and to what extent?
- and the list goes on, and on, and on...
Insurance should cover you for not only your normal activities, but also unexpected and unplanned events and it is unique to your business, IMHO.
I carry "Personal Chef liability insurance" from The Hartford (in the neighborhood of $500/year), It is NOT the same as a restaurant liability insurance (varies, but starts around
$1,200/year and goes up) (I know this because I've had both) nor a caterer's liability insurance (really varies, depends on on-site or off-site, you may need additional insured certificates for actual events) (again, I've had both) but I can obtain a "rider" for special catering events if I need to.
IMHO, there is NO "cookie cutter" GBL policy that will protect YOU, you have to customize it for your business, that's why there are brokers, find one that specializes in your area of business and treat them like your attorney, accountant, doctor, or most trusted friend.