Key Services

Brady Risk offers a comprehensive package of key insurance services that can be customized specifically for your restaurant or hospitality business.

From General Liability Insurance to Group Benefits and Liquor Liability Insurance, our experts are here to help you design a package that provides the best coverage to ensure workplace safety and efficient loss control.

General Liability Insurance

General liability insurance exists to protect your business from the cost of bodily injury or property damage as the result of your operations, products sold or the conditions of your premises.

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The cost of general liability insurance will factor in your decision-making. We can advise you on the right coverage based on your business’ specific needs. Our team will evaluate your potential exposures, prior loss history, and the scale and complexity of your operation to pinpoint what coverage you need. We can also protect your business to these exposures:

  • Product Liability
  • Liquor Liability
  • Assault and Battery
  • Hired and Non-Owned Auto
  • Cyber Crime

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Property Insurance

Insuring restaurant property, for multiple locations or one building, should be based on the building’s value, equipment, inventory, and even signage in and outside the business.

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Many general property insurance plans may leave large gaps in coverage for restaurants. As specialists in the restaurant and hospitality industry, we can provide you with an accurate analysis of your business’ risks and design a plan that provides the coverage you need and one that is well priced. Included in property insurance plans:

  • Separate Deductibles for Property Damage, Time Element and Spoilage to ensure recovery
  • Named Storm Coverage
  • Flood Coverage including Business Income
  • Service and Utility Interruption
  • Sewer and Drain Backups
  • Wine and Distilled Spirits Coverage for Expensive Inventory

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Employment Practices Liability

The restaurant industry has become one of the most visible arenas for employment practices. Employment-related claims can disrupt businesses, hurt employee morale, damage reputations, and cost businesses financially – even before going to court.

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Having a strong Employment Practices Liability Insurance (EPLI) policy will provide necessary protection for your company.

Smaller businesses are often at greater risk because they may operate without an HR department or may not have published employee policies in place. The right policy will depend on whether or not you have had previous claims made against your business. The rate of your employee turnover will also be a factor. Our specialists can help protect your company from employee lawsuits and can advise you on establishing important workplace policies. Your EPLI plan should include coverage for claims involving:

  • Discrimination (age, sex, race, disability)
  • Wrongful Termination
  • Wage and Hour Disputes
  • Sexual Harassment
  • Breach of Contract
  • Deprivation of Career Opportunity

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Claim Management

A critical variable in your insurance costs is the management of claims. Our experienced claims staff can provide strong advocacy for your company with your insurance carrier.

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Prompt reporting, early intervention, pursuit of timely settlement and excellent communication are what deliver claim management success.

Brady Risk Management’s proprietary claims process and our staff can design a Claim Management Plan that reduces risk costs for your company.

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Liquor Liability Insurance

Today most restaurant and hospitality businesses that serve liquor have clear policies on not over serving customers. However, every business that serves alcohol is still exposed to liabilities should a customer cause damage or injure themselves or others on or off premise.

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If your business sells, serves or facilitates the use or purchase of alcohol, you need liquor liability coverage.

Brady Risk Management fully understands the complexity of liquor liability We offer our clients a proactive Liquor Liability Assessment Program to implement best practices to foster a culture of safe alcohol protocol to prevent incidents before they occur. And we offer coverage that protects your business from an array of liquor-related risks:

  • Dram Shop Claims
  • Assault and Battery,
  • Attorney Retention Costs
  • Intoxicated Employees on Premises
  • Non-physical Damage Restitution (mental / psychological stress)

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Cyber Liability Insurance

Restaurants and hospitality businesses are key victims of cyber crime. Customer credit card and debit card data are the prime target of cyber criminals.

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A high reliance on weak POS systems and terminals makes it easy to steal large amounts of data quickly. To protect your business from the loss of data and potential lawsuits, you need to verify that your insurance policy both your loss and those of the participating credit card company or bank.

Brady Risk Management’s cyber security team can help you implement a Cyber Protection Program, including access to state-of-the-art cyber tools.

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Crime Liability Insurance

Commercial crime insurance is a shield for businesses that may face claims due to dishonest acts by employees. For many startup restaurant owners in particular, they often do not realize their business is exposed to property theft or fraudulent behavior.

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A criminal action by an employee, no matter how small, could lead to a lawsuit against your company. While it is impossible to fully control the actions of your employees, a commercial crime insurance policy will protect your business. Brady Risk Management can help you determine if commercial crime insurance is right for you and your business.

It’s important to note that these polices do not cover a partner who takes part in dishonest acts or accounting error that result in the loss of money. Crime insurance is designed to cover a range of activities and expenses including:

  • Losses or Damages due to Employee Dishonesty
  • Forgery
  • Computer Fraud
  • Theft of Client Property
  • Fund Transfer Fraud
  • Theft of Money
  • Forensic Experts and Attorney’s Fees
  • PCI Fines, Penalties and Assessments
  • Business Interruption
  • Reputational Harm

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Umbrella Insurance

As the name implies, umbrella insurance acts as an extra layer of protection for important aspects of your business. It takes over if your other liability coverage limits are exceeded in a claim.

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While your business may have excellent coverage through other policies, that does not negate the importance of an umbrella policy. Umbrella policies cover many risk including:

  • Personal Injury Liability
  • Contractual Liability
  • Vehicle Liability, including Aircraft and Watercraft
  • Liquor Law Liability

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Business Income Insurance

If your restaurant or hotel is forced to close temporarily because of damage to covered property or to physical loss, business income insurance will replace your loss net income.

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During the time needed to restore your operations, business income insurance will pay for continuing normal operating expenses including ordinary payroll costs. It will also pay for relocation expenses and advertising fees if you temporarily open at another site.

Working with your property policy, income insurance covers events outside you control such as fire, wind, hail, and vandalism.

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Tiered Wind Deductible

If your restaurant or hospitality business operates in parts of the United States that experience frequent severe weather, you may be faced with deductibles before your property insurance covers costs. Brady Risk Management can help your business design deductible buy-back options to reduce your exposure damage from wind, hail and tornado damage.

Group Benefits

You can help protect the health and well-being of your employees with a group insurance plan. Brady Risk Management helps its clients develop group plans based on…

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…business size and number of employees from small operations to national chain brands. Benefits typically include:

  • Group Disability
  • Group Life
  • Group Dental
  • Group Vision
  • Group Critical Illness

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