New Jersey Catering Company Insurance

When you run an operation, there are numerous risk factors. To avoid a significant out-of-pocket loss, consider using a trained professional. New Jersey business insurance can have coverage for your catering company.

Fortunately, a New Jersey independent insurance agent will have access to several carriers. With their network of markets, you can find a policy that's sufficient and affordable. Connect with a local expert for tailored quotes in minutes. 

What Is Catering Company Insurance?

In New Jersey, finding coverage for your catering company can be confusing if you're not a licensed agent. Every policy will come with basic limits of protection. Check out some common coverage choices for catering companies below:

• General liability
• Business property
• Business inventory
• Business equipment breakdown
• Commercial umbrella liability
• Business auto

Catering industry market size in the US (in billion US dollars)

It's essential to know the industry size in your area to market your uniqueness. If you have employees, you'll want to add employment practices liability and workers' compensation insurance to your coverage.

What Does Catering Company Insurance Cover in New Jersey?

In New Jersey, there are 884,049 small businesses in operation. Your catering company will have industry-specific insurance. Let's look at standard catering company insurance options:

• Coverage for bodily injury or property damage claims
• Coverage for your business inventory such as products
• Coverage for business equipment that breaks down due to a covered loss
• Coverage for employees who are injured or become ill on the job
• Coverage for commercial vehicles used to operate the business
• Coverage for disgruntled employees that sue due to discrimination or harassment

Your New Jersey insurance usually comes with protection against the below perils automatically:

• Fire
• Natural disasters
• Theft
• Vandalism
• Water damage (not from a direct flood loss)

How Much Is Catering Company Insurance in New Jersey?

The cost of your commercial insurance will vary depending on your exposures. In New Jersey, $13,470,081,000 in commercial insurance claims were paid in 2019 alone. Take a look at the factors companies consider when providing insurance quotes:

• Loss history
• Replacement cost values
• Insurance score
• Experience level
• Local crime rate
• Local weather patterns

Food service contracting sales in the US (in million US dollars)

The amount of sales made in the food service contractor industry is hard to ignore. If you have a catering company in New Jersey, it's key to understand the potential gross income that could be made.

How Much Product Is Covered with New Jersey Catering Company Insurance?

In New Jersey, your catering company will need coverage for your products, food, and equipment. If you transport food and serve it to customers, you'll need protection for liability, property, and food spoilage.

Most insurance packages will come with some limits for property coverage. You'll need to endorse your policy for food spoilage or illnesses caused by bad food that's served. Speak with a trained professional for guidance about limit amounts and risks. 

Will My New Jersey Location Impact My Rates?

New Jersey has 8,864,525 residents. More people could mean more business for your catering company. You'll want to take into account where your operation is located. The local crime rate, flood zoning, and more can play a role in your insurance premiums. If you have to obtain flood insurance, you'll pay more for coverage automatically.

How an Independent Insurance Agent Can Help in New Jersey

When you're searching for the best New Jersey catering company insurance, consider using a trusted adviser. You'll have several policy options when shopping for protection. To ensure that you're getting all the proper limits, review your insurance for accuracy with a professional.

A New Jersey independent insurance agent will have access to several carriers so that you have options. Their job is to find you affordable rates with sufficient coverage. Connect with a local expert on TrustedChoice to begin today.