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Short-Term Delivery Insurance for Restaurants and Small Businesses During the Coronavirus - YouTube
Channel: Colony Solutions - Commercial Insurance Resources
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Hey everyone Freddie Servin here with
colony insurance solutions back with
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another quick video on the impacts of
the corona virus on small businesses and
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dealing with insurance related topics
and issues so has your restaurant or
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small business
been shut down from the national crisis
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created by the corona virus or has your
restaurant maybe gone to delivery maybe
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you never currently done delivery but
need to in order to remain open during
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the corona virus outbreak I did a video
a past video about this delivery is
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creating a whole new set of challenges
for restaurants and businesses when it
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comes to food delivery lawsuits can
become very expensive on this side
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anywhere from thirty thousand up to
thirty million or higher when these
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types of incidents happen and so to be
in delivery you need a specialized
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insurance coverage known as hired and
non own auto this coverage protects your
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business from third-party liability
created when your employees deliver for
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you using their own vehicle or a rented
vehicle this coverage is an excess of
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the drivers insurance on their own
vehicle so it's likely your current
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insurance policy does not cover food
delivery even if the policy has hired an
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on own auto only a handful of companies
provide this coverage when business are
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using their employees
to do deliveries of your food products
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so in response to that need we here at
colony insurance solutions are offering
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a short term delivery insurance for
restaurants and businesses that don't
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currently deliver but need to in order
to remain open during the coronavirus
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now this is not an ad for my agency call
any insurance solutions so please don't
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make the wrong assumption that I'm
trying to take advantage of a crisis
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just to make money this is a public
service announcement
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whether you work with us or not I would
actually encourage you to talk with your
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agent someone who you trust to make sure
that you have the proper coverage
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because it's likely like I said before
that your current insurance policies do
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not cover food delivery and there are
literally tens of thousands of
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businesses if not hundreds of thousands
of restaurants and small businesses that
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have been forced to close that just five
days ago those businesses that wanted to
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convert to delivery model would have had
to buy a 12-month policy that would be a
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minimum of seven thousand dollars plus
tax and probably most would pay ten
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thousand dollars or more and so today
for those same businesses they have a
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better choice to pick the limits they
want and even how long they need the
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coverage for so this is a great solution
for what you have going on now that can
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potentially save your business thousands
of dollars while protecting you from
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liability and I know some businesses are
taking the chance and delivering without
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insurance because they can't afford it
but if you don't have a
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you wanted to talk to there is a link
associated with this video to get a hold
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of us we would be happy to talk with you
you could work with us and now we could
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offer something that pre coronavirus you
could not get but now you can't get
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insurance for a short timeframe just to
help you get through this difficult
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situation and so thank you so much for
watching this video if you found it
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helpful
go ahead and click the like button give
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it a thumbs up or share it and click our
logo in this video to subscribe to our
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channel and we appreciate you watching
and we'll see you in the next video
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