Insurance Coverage for Caterers and Banquet Halls

Caterers and banquet facilities understand the details involved with planning exciting events and large celebrations. Society Insurance understands the unique exposures these businesses face on premise, as well as the risk involved when business is conducted away from the main operating location.

Learn more in this video:

Society offers an endorsement that includes protection for these unique catering and banquet hall situations:

  • A caterer is participating in a local weekend festival. Setup occurs on Friday afternoon and the equipment will stay in place until the end of the event on Sunday evening. Unfortunately, a storm hits on Saturday and damages the cooking equipment. The Extended Off-Premises coverage in this endorsement provides protection of business personal property while in transit and at temporary locations you do not own or lease.
  • An insured caterer is coordinating details for an upcoming event and reserves Thursday night banquet space for $500 on their customer’s behalf. However, the facility space was actually needed for Friday night which means the weekend rate of $1000 applies. Unfortunately, the caterer did not include this extra cost in the original agreement with their customer and is responsible for the difference. The Services Errors & Omissions coverage in this endorsement provides protection for the insured’s negligence.
  • A banquet hall uses a refrigerated truck to transport food between their facility locations. While in transit, the truck cooler malfunctions and the meat and seafood products spoil. The Product Spoilage and Contamination coverage in this endorsement provides protection while in transit.

To learn more about this important coverage and other Small Details that make a Big Difference, visit us at societyinsurance.com or contact your local Society agent.

Author

As a mutual insurance company, we operate and exist for the benefit of our policyholders. For more than 100 years, Society has been helping businesses overcome the unexpected with comprehensive coverage packages and outstanding claims handling, underwriting and risk management.

Latest Articles

How Your Business can Adapt as Minimum and Competitive Wages Rise

In 2022, 25 states raised their minimum wages. Increases are expected to continue, with 13 states...

7 TIPS TO HELP PREVENT PIPE BURSTING THIS WINTER

Originally published January 29, 2019, updated January 18, 2023. Many parts of the country are no...

A Guide to Safe Keg Handling

At one time or another, almost everyone who works in the restaurant and bar industry has been...

2022 Year in Review

Society Insurance is committed to providing blog posts to help business owners optimize daily...

What To Do If Someone Falls in Your Business

When we experience a special event in our lives, we try to memorialize every second of it, because...

How to Overcome Imposter Syndrome at Work

What Is Imposter Syndrome? Imposter syndrome is defined as the persistent inability to believe...

How a Restaurant Closing Checklist Benefits Your Business

As a bar or restaurant owner, you know that your night isn’t over when the last customer leaves....

Creative Interview Questions for Finding the Right Candidate

Interview questions usually revolve around a candidate’s work history, experience and unique...

6 FACTORS THAT CAN DRIVE UP INSURANCE COSTS FOR RESTAURANTS

Have you ever caught yourself wondering why your business’ premium changes over time? Odds are you...

Stay up to date with industry updates by subscribing to the Society Insurance blog!