Catering To Your Needs

Commercial
// March 8, 2018

We’ve all been to a catered party, whether it’s a wedding, a corporate event, or even just a small get-together, but it seems that the party is just getting started. In recent years, more and more corporations and individuals have sought out the services of caterers. In fact, according to a 2017 article, statistics show that industry revenues have doubled in the last decade, and for the last three years, the catering industry has grown faster than any other food-service industry.

Moreover, as highlighted by marketing expert Brandon Gaille, not a single company has a dominant market share within this industry. This makes it possible for anyone to carve out a profitable niche. Recently, we have seen the emergence of many culinary trends from serving home-grown local, or a healthy and sustainable menu, to adding a twist to traditional comfort food. Whatever the trend, there’s a place in the market for new catering ventures.

Unfortunately, as with all business operations, caterers face their fair share of loss exposures. Take the following real-life claims example for instance:

After our insured catered a luncheon, 55 of the guests almost immediately became ill. Sixteen were hospitalized, one being a pregnant woman. The local board of health categorized this as a mass-casualty incident due to the number of victims. An expert epidemiologist investigation revealed the source of the illness was Staph Food Poisoning. The source was determined to be a turkey dish that was prepared by the insured. “Thermal Abuse” or poor refrigeration methods was further determined to be the cause of the bacteria. With liability being clear, we engaged in a plan to resolve all 55 claims, each of which had varying degrees of illness and medical liens.

In addition to general liability, caterers should be aware of their property exposures, including any inland marine equipment they own, as well as liquor liability if they serve alcohol.

Let USLI be your go-to market for all of your catering needs. Our Caterers and Halls product can contemplate off-premises caterers, caterers with their own hall, personal chefs and catering operations that are alcohol/beverage only. Our product advantages include:

  • No liability deductible
  • Blanket additional insureds available
  • New ventures are eligible
  • Commercial excess/umbrella up to $5,000,000
  • Hired and non-owned auto liability up to $1,000,000
  • Inland marine coverage up to $500,000

Let us cater to your insurance needs!

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As always, thank you for your support and business.

Maria Garvey
Product Leader, Underwriter | 888-523-5545 Ext. 2283

Joe Gentile
Assistant Product Leader, Underwriter | 888-523-5545 Ext. 2935

Ginna BriggsWritten by Ginna Briggs
March 8, 2018

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Commercial