Restaurants & Hospitality

A fire or natural disaster could force your business to temporarily shut down. Many business owners do not think about how they would handle such a situation. The Insurance Information Institute reported that more than 25 percent of all businesses that close down following a disaster never open again.

Plan ahead with SterlingRisk. There are measures you can take to protect your company’s bottom line. For example, business continuity coverage is a valuable option to help safeguard your business. This coverage would be added to your property package and is designed to fund the restoration of your business operations after a loss. Additional coverages we can provide include:

• Business Income — designed to replace net income your business would have incurred had no loss occurred.
• Extra Expense — designed to pay for necessary expenses incurred during the period of restoration of the property.
• Contingent Business Continuity — an extension of coverage designed to cover loss of income your business incurs due to a property loss at a key supplier or customer location.

SterlingRisk’s team of analysts will help you uncover your exposures and develop a sensible business continuity plan appropriate for the size and scope of your business.

We work with you to create qualified training for an interventional procedures program that can prevent some of the problems that may result from the misuse of alcohol.

SterlingRisk’s loss control specialists analyze your operations, identify potential shortfalls and help you create guidelines and training to protect you from them.

Whether it is an outside housekeeping service provider or a contractor hired for some needed repairs, our in-house advisory and consulting services will review your contracts to help ensure effective risk transfer.