Hospitality
Hospitality Industry Insurance
Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Nova Scotia, Ontario, Prince Edward Island, Saskatchewan, Yukon
No
- Commercial General Liability
- Contents
- Crime
- Liquor Liability
- Property Damage
- family restaurants (licensed and unlicensed) with liquor receipts at 35% of total revenues higher liquor receipts considered on prior submit basis
- fine dining restaurants with liquor receipts at 55% of total revenues
- cafes
- coffee shops
- food trucks / food carts / mobile vendors
- take-out restaurants
- chip wagons
Product Overview
Hospitality by ABEX Affiliated Brokers Exchange Inc. offers tailored insurance for a wide range of hospitality businesses across Canada. This product is designed for operators who want reliable coverage that fits the unique risks of the industry.
Coverage includes commercial general liability, property damage, contents, crime, and liquor liability. Hospitality by ABEX Affiliated Brokers Exchange Inc. is available to family restaurants, fine dining establishments, cafes, coffee shops, food trucks, mobile vendors, and take-out restaurants.
The product is flexible for businesses with different levels of liquor sales. Family restaurants with up to 35% of revenue from liquor and fine dining locations with up to 55% are eligible. Higher liquor receipts may be considered with a prior submission.
There is no contract required for brokers, making access simple and direct. Hospitality by ABEX Affiliated Brokers Exchange Inc. serves ten different provinces across Canada.
About Hospitality by ABEX Affiliated Brokers Exchange Inc.
This product is built for hospitality operators who want peace of mind and practical protection. It is a straightforward solution for those who need to manage risk in a busy sector.
For more details or to get a quote, brokers can use the ‘Contact Underwriter for Quote’ feature on this page. Explore the references and resources provided to help you make informed decisions.
Hospitality by ABEX Affiliated Brokers Exchange Inc. FAQs
What classes of restaurants are eligible for this hospitality insurance product?
This hospitality insurance product is designed for a wide range of restaurant types. It includes family restaurants, fine dining establishments, cafes, coffee shops, take-out restaurants, and chip wagons.
Eligibility depends on the percentage of liquor receipts, with specific thresholds for each class. The product is flexible, making it suitable for many hospitality businesses across Canada.
Does Hospitality by ABEX Affiliated Brokers Exchange Inc. require prior approval for higher liquor receipts?
Yes, prior approval is needed if a business has liquor receipts above the set thresholds. Family restaurants are eligible up to 35% of total revenue from liquor, while fine dining restaurants are eligible up to 55%.
If a business exceeds these percentages, it may still qualify after a review. This approach helps ensure the product matches the risk profile of each business.
How does this hospitality insurance address the needs of mobile vendors and food trucks?
Mobile vendors and food trucks face unique risks, such as property loss and liability while operating in different locations. Hospitality by ABEX Affiliated Brokers Exchange Inc. offers coverage that adapts to the mobile nature of these businesses.
Protection extends to equipment, inventory, and liability, ensuring mobile operators can focus on serving customers. The coverage is designed to move with the business, providing peace of mind wherever they go.
What coverage options are included in Hospitality by ABEX Affiliated Brokers Exchange Inc.?
Hospitality by ABEX Affiliated Brokers Exchange Inc. provides a comprehensive package of coverage options. These include protection for property, liability, crime, and liquor-related risks.
The product is structured to address the most common exposures in the hospitality sector. It is suitable for businesses looking for a single solution to multiple risks.
How does this product help protect hospitality businesses against crime and theft?
ABEX Affiliated Brokers Exchange Inc.’s Hospitality product includes crime coverage, which helps protect against losses from theft, fraud, or other criminal acts. Coverage applies to both internal and external threats.
Businesses can operate with greater confidence knowing their assets are protected. The crime coverage is part of a broader package, supporting the overall security of hospitality operations.
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