Restaurant / Nightclub / Bar Insurance

Third Coast Insurance Services is an independent insurance agency sourcing insurance coverage to meet a variety of client needs. Being an independent agency allows Third Coast Insurance Services to have access to dozens of different insurance carriers and programs, so we can package coverage specifically for each client while offering the most competitive prices available.

The Third Coast Insurance Services team has consulted with and placed coverage for various entertainment companies, including: restaurants, bars, nightclubs, live music venues, etc.

Once coverage is in place and your policy is bound, our work at Third Coast Insurance Services has only just begun. Third Coast Insurance Services will keep on top of the ever-changing insurance markets and make sure our clients are aware of material changes such as: Insurance carrier downgrades, non-renewal notices, cancellations, inspections, and audits. We are constantly shopping the markets for the best coverage and most competitive pricing.

The Third Coast Insurance Services team, with our vast industry knowledge, personalized service and dedication is committed to offering cutting-edge risk management support to all hospitality companies, large or small. Our clients range from the local tavern to the sophisticated haute restaurant/bar.

DEFINITION OF COVERAGE

Policy coverages vary from each insurance company so please check your quote for the exact coverage being provided.

GENERAL LIABILITY: Will pay those sums that the insured becomes legally obligated to pay as damages because of bodily injury or property damage on the insureds premise or in the normal coarse of business. Including defense cost.

PROPERTY/CONTENTS: Will pay for direct physical loss or damage to covered Property at the premises described in the declarations caused by or resulting from any covered causes of loss.

OPTIONAL COVERAGE

LIQUOR LIABILITY: Similar in coverage to General Liability. Liquor Liability is needed when you are selling or serving alcoholic beverages (including beer and wine).

ASSAULT & BATTERY: Coverage for third party liability claims arising out of any assault or batter. Coverage is patron to patron or employee to patron.

HIRED/NON-OWNED VEHICLE LIABILITY: Provides contingent excess liability for Hired (rented) vehicles and non-owned vehicles (vehicles owned by employees and driven on company business.) Limits are the same as the General Liability policy.

GLASS: Coverage provided for broken or damaged glass windows and doors. Glass is not usually covered under your content policy. Premiums start at $100.

WORKER’S COMPENSATION: Provides coverage for your employees (and many times your performers and other independent contractors) if they are injured on the job.

MONEY & SECURITIES: Theft of money & securities by holdup or theft. Coverage is on and off premise. Money is not covered under your content policy.

LOSS OF EARNINGS: Pays for the actual losses sustained due to the necessary suspension of your operations during a period of restoration.

VALUABLE PAPERS OR RECORDS-COST RESEARCH: The cost to research, replace or restore the lost information on lost or damaged valuable papers and records including those that exist on electronic or magnetic media for which duplicates do not exist.

ACCOUNTS RECEIVABLE: Will pay for all sums to collect receivables do to damage of the records. Collection expense in excess to normal cost due to loss.

ACCIDENTAL MEDICAL: Provides medical reimbursement expense for accidental injury. Spectators, Participants, and Volunteers may be insured.

APPLICATION

The quote process usually takes 7-10 days, unless needed sooner.
We have been able to turn quotes around in 24 hrs, but this limits us to the number of carriers we can quote with.

• Download the application (Adobe Acrobat) or complete our online form.

• Fill out the questionnaire and fax or email to our office

Once we receive your application you will be contacted by an account executive to walk you through the quoting process.

Before binding, we will need loss information and prior carrier information. Current Loss Runs can be obtained through your current agent or company Sample letter provided via PDF. Please put it on your letterhead and fax to your company or agent.