Business Insurance in Alberta for restaurant ownersPosted by johnhrq on July 8th, 2019 In recent years Alberta has seen a lot of influx, not only of talent, but also of capital from different parts of the world, including Canada. People have come here mostly to explore new business opportunities, since Alberta is abundant in natural resources, has a stable technology and power infrastructure and is focussed on research and tourism. The growth centers have mostly been in and around the cities of Calgary, Edmonton and Fort McMurray. Growth of the restaurant industry in Alberta This restaurant industry is now a fast-growing industry in Canada and generates an annual revenue of -billion which is about 4% of Canada’s GDP. Business insurance in Alberta for restaurant owners Property coverage: - Damage caused by water: This cover provides protection against damage caused by water - for example bya sewer backing up, flooding due to heavy rains , spring thaw, summer storm or an overflowing river. - Equipment and stocks at new locations: Are also covered for uptp 60 days. - Losses arising due to off-power premises: Your stored food items in the refrigerator or deep freezers are insured against power outages. - Recharge of fire suppression system: In case your fire suppression systems get exhausted during the event of a fire breaking out, this cover helps you recover expenses paid on recharging the system. - Increase in limits: In case you are required to carry extra stocks to cater to increase in demand of your clients, then this clause increases the limits of the cover of your stocks. Commercial general liability insurance: Situations could include a customer falling on the ground, or a customer succumbing to food poisoning. In both situations you as a restaurant owner would be covered against the amount for which you are sued by the customer (bodily injury, damage to property, personal injury, medical expense payments, your legal liability), as well as the legal fees that you might have to pay to your attorney. Crime coverage: Business interruption cover: Equipment breakdown cover: Liquor liability insurance: Miscellaneous property form: Buying the right business insurance in Alberta They will help you get a taste of which insurance coverage will work best for your restaurant. They will assess your needs, answer your questions, resolve your queries and get you quotes for your restaurant. For more information about Business Insurance Alberta and Home Insurance Calgary Alberta Please visit : Beneficial Insurance Solutions. Like it? Share it!More by this author |