The business of cafes, bars, restaurants and other catering enterprises are directly linked to the potential danger of damaging the property of the businesses as well as the property and health of third parties and personnel. Today, insurance remains one of the key instruments to manage the risks inherent to owners and operators of warehouses. The key areas of your business can be insured against unforeseen circumstances and their consequences with the help of a special insurance program for warehouse premises and commodities stock insurance designed by Ingosstrakh’s expert team.
Property insurance
Insurable objects
The object coverable under the insurance program is property owned, loaned or controlled under contracts of lease or otherwise:
Buildings and constructions, owned and/or rented premises;
Internal finishing of buildings and premises, including designer interior projects of restaurants, cafes, coffee houses etc;
External constructions (lifting gates, awnings, window bars, fencing, barriers, checkpoints and other similar objects);
Process, shop fittings and equipment and other equipment; automated doors, elevators, other equipment of the main and VIP lounges, including bar counters;
Electronic equipment (including computer hardware and office appliances, telephone switchboards and devices, other telecommunication equipment, cash registers);
Furniture, fittings, tools, including cutlery, dishes etc.;
Cash in safe, special deposits, strong rooms; cash in hand;
Information carriers (PC and similar systems, i.e. magnetic tapes, cassettes, disks, memory banks etc.;
Advertising installations and signs;
Commodity stock of alcoholic beverages, tobacco, foodstuffs and prepared food.
You can also insure your company from losses resulting from the necessity to clear the territory, dispose of the garbage, tear down constructions and/or damaged property after an insured accident.
Insurable risks
Fire, thunderbolt, gas explosion;
Explosion of support equipment;
Property damage by water from water supply, sewerage, heating and automatic fire-suppression system;
Natural disasters;
theft, including unauthorized access and robbery;
intended malicious action of a third party, including:
negligent destruction or damage or property (Art. 167 of RF Criminal Code),
hooliganism (Art. 213 of RF Criminal Code),
vandalism (Art. 214 of RF Criminal Code).
Collision with a road vehicle;
Fall of a piloted aircraft and/or its pieces;
Breaking of window glass, mirrors, shop windows;
Damage of property in an act of terrorism;
Some objects may be insured against specific risks inherent to them only.
Top-up cover
For basic equipment, engineering and other communications:
Emergency breakdowns, defections;
Human errors and negligence;
Tow or chain rupture, fall of insured objects and their impact against other objects;
Overload, overheat, vibration, fault, wedging, clogging of mechanisms, change of internal pressure, wear & tear of mechanisms, exposure to centrifugal force;
Hydraulic impact and lack of liquid in boilers or equipment operating on steam or liquids;
Exposure to electric short circuit, network overload, voltage loss, atmospheric disturbances;
Failure or breakdown of add-on equipment, protection and adjusting devices;
For computerized and other
electronic equipment, corporate computer networks:
Errors in the use and operation of electronic equipment;
Negligence on the part of servicing/maintenance personnel;
Exposure to electric current, amperage or voltage jumps in the grid, exposure to induction currents;
Defection of materials, errors in the design, manufacturing process or in assembling/installation of insured
objects;
Emergency power outage (public power grid).
Business interruption insurance
This type of insurance is additional coverage to property insurance against fire and related risks and makes the Insurant eligible to indemnification of indirect losses incurred as the result of occurrence of an insured event with the insured property.
Insurable objects
Fixed costs that do not depend on the size of the turnover, including:
Payroll costs, including social charges
Amortization
Interest payable on bank loans
Taxes
Rent
Net profit (before tax).
Insured amount
The insured amount is calculated on the basis of book information of the business as average annual prorated to the indemnification period chosen by the Insurant.
Insurable risks
The insurance covers losses from lost rent or fixed costs incurred through suspension (interruption) of a business following loss and/or damage of insured property due to the occurrence of any insured event.
The insurance contract stipulates an indemnification period, i.e. the period from the date of the event resulting in business interruption, during which the Insurant is eligible to indemnification of the aggregate of fixed costs and net profit. The period is subject to the Insurant’s approval and usually is 1, 3, 6, 12, 18 or 24 months.
Third-party liability insurance
This type of insurance assigns to Ingosstrakh all costs related to the Company’s liability to third parties, including visitors.
Insurable objects
Property interest of the Insurant as to the restitution of damages (pursuant to civil legislation) to property, life and health of third parties, including hotel Visitors.
Insured event
An event that is directly connected with the legal business that is the basis, pursuant to civil legislation, for lodging of claims by third parties, including Visitors, against the Insurant to restitute the physical and/or property damages caused by the Insurant.
Top-up cover
Liability for personal assets of Visitors
Liability for damages to life, health and personal assets of Visitors to restaurants, cafes and bars
Liability for damages to Visitor vehicles on the premises.
Employer’s liability insurance
This type of insurance enables insurants to assign to Ingosstrakh all costs arising out of the insurant’s liability to employees and officers.
Insurable interests
Property interests of the Insurant related to its liability to restitute the damages to life and health of employees and officers.
Insured event
An event that is directly connected with the business carried out by the Insurant, such business being legal by law, and which is the basis, by virtue of applicable civil legislation, for lodging of claims by employees and officers against the Insurant for the restitution of physical and/or property damages caused by the Insurant while the employee or officer was in the process of performing its functions.
Our Contacts
If you have any question or need any additional information, please do not hesitate to contact our Property and Liability Insurance Department:
