Concession Stand And Food Vendor Insurance Montana Policy Information
Concession Stand And Food Vendor Insurance Montana. Concession stands are often facilities located within a larger operation, such as an arena department store, fair, office building, park, or stadium, or may be a free-standing operation. They serve a limited menu consisting of sandwiches, salads, snacks, hot dogs, pretzels, popcorn, candy, ice cream, specialty food items, soft drinks and/or beer. Some items will be pre-packaged while others are prepared to customer specifications.
Condiments may be available. Limited seating may be provided for on-premises consumption, but generally, customers purchase items and consume them elsewhere. Some MT concession stands & food vendors may operate on a seasonal basis.
Whether it's a sporting event, a fair, a concert, or a festival, a concession stand is one of the most welcoming sites. Visitors rush your stand to fill up on sweet treats, savory morsels, and refreshing beverages, which helps to make the events that they are attending even more enjoyable. It doesn't matter if you serve ooey gooey nachos, hamburgers and hot dogs with all the fixings, soft pretzels, sodas, or frozen treats, like ice cream and frozen yogurt, you've put a lot of hard work into establishing your concession stand business.
It's a horror to think of what could happen to your concessionaire business in the event that something unexpected happened, which is exactly why it's so important that you protect yourself with the right type of concession stand and food vendor insurance Montana coverage.
Concession stand and food vendor insurance Montana protects concessionaires from lawsuits with rates as low as $27/mo. Get a fast quote and your certificate of insurance now.
Why Is Insurance Important For Concession Stands?
As a MT concession stand owner or food vendor, your business involves serving food and working with the public; two things that are associated with multiple risks. Despite your best efforts to make sure that the food you are offering is properly prepared and safe, and even though you are committed to delivering exemplary service, it's almost impossible to avoid certain risks.,/p>
For example, flames from a grill could burn an employee while he's flipping burgers, a customer could have an allergic reaction to an ingredient in the food you serve, or your refrigeration could equipment could break down, causing all of your food to rot.
Having the proper concession stand and food vendor insurance Montana in place is vital. It protects concessionaires from multiple risks; and it protects you from the costs that are associated with these risks. With the right coverage, you can avoid paying medical bills, property damage, legal fees, and other exorbitant costs should a serious incident arise.
What Type Of Insurance Should Food Vendors Have?
Every concession stand is different, and as such, the type of concession stand and food vendor insurance Montana coverage that you'll need depends on the unique aspects of your business. Where you operate your stand, the type of food you serve, and the number of people you employ are just some of the factors that will indicate what type of policies you need and how much coverage you should have. However, there are key coverages that concessionaires should carry, including:
- Commercial General Liability - This type of insurance protects you from any third-party injury or property damage claims that are made against your business. For instance, if someone claims the developed food poisoning after eating the food you served, general liability insurance would help to cover your legal fees if the individual decided to sue you.
- Workers Compensation - This type of coverage offers benefits to your employees if they sustain a work-related injury or illness. If a flame from a grill burned a staff member, workers' comp would cover the associated medical bills, as well as a portion of lost wages while the employee recovers from the injury.
- Liquor Liability - If you serve alcoholic beverages, you'll also need to carry a liquor liability insurance policy. If an employee served a minor an alcoholic beverage, you would be held liable, but your liquor liability insurance would cover any legal costs that may arise should such an incident occur.
- Business Interruption - If your concession stand is forced to shut down because of a fire, a hurricane, or some other type of disaster, business interruption insurance would replace the income that you lost while your concession stand was unable to operate.
- Business Auto - If you use any vehicles for work-related purposed, you'll also need to carry a commercial auto insurance policy. This type of coverage provides protection against accidents that are you or your employees caused while they were performing work-related duties. For instance, if you were delivering food to a client and side-swiped a vehicle, your policy would cover the cost of the damages to the other car.
These are just some of the insurance options that MT concessionaires should have in place.
MT Food Service Contractor's Risks & Exposures
Premises liability exposure is light because of the very limited area available to the customer. Temperatures of hot beverages must be limited to reduce injuries due to scalding. Spills in seating areas and in the traffic area immediately surrounding the stand should be monitored to prevent slips and falls.
Parking lots and sidewalks need to be in good repair, with snow and ice removed if operations are free-standing and open year-round, and generally level and free of exposure to slips and falls. Outdoor security and lighting must be consistent with the area. If the concession stand operates in another facility, there should be a contract with that facility to prevent disputes.
Products liability exposure is high due to the possibility of food poisoning, contamination and allergic reactions as items are generally carried away from the concession stand for consumption. Monitoring the quality of food received, posting lists of ingredients, and maintaining proper storage temperature can reduce this exposure. Quality control requires limits on the length of time food may stay in holding area before being destroyed. The stock should be regularly rotated so that older products are used first. Out of date stock must be removed on a regular basis and discarded.
Workers compensation exposures come from slips, falls, cuts, burns, puncture wounds, foreign objects in the eye, lifting that can cause back injury, hernias, sprains and strains, and interactions with customers. Food handling can result in passing bacteria or viruses, resulting in illness.
Anhydrous ammonia refrigerants are poisonous when leaked into confined spaces like coolers. There should be adequate controls in place to maintain, check, and prevent such injury. Cleaning workers can develop respiratory ailments or contact dermatitis from working with chemicals.
In any retail business, hold-ups are possible, so employees should be trained to respond in a prescribed manner. The employees tend to be minimum wage and turnover may be high, particularly if the concession stand operates on a seasonal basis. Company incentives to encourage long-term employment are positive signs of management control. Businesses with multiple stands may use independent contractors rather than employees.
Property exposures are from electrical wiring, refrigeration units, cooking equipment, and heating and air conditioning systems. Wiring must be up to code, well maintained, and adequate to support refrigeration units. Ammonia used in refrigeration units can explode. A system designed to detect leaks should be in place. Refrigeration equipment must be inspected and maintained on an ongoing basis.
While cooking may be limited to microwave and toaster ovens, there may be grills and deep fat fryers which must be protected by automatic fire extinguishing protection, hoods, and filters over all cooking surfaces. There should be fuel shut-offs and adequate hand-held fire extinguishers. The area must be kept clean and grease free to prevent fire spread. Filters should be changed frequently.
Ice cream and other food items are highly susceptible to damage, and all stock can be condemned as unfit for consumption or sale if there is a fire because of resultant smoke, water, and heat damage. As operations may be seasonal, a loss at the beginning of the season could result in a total loss of income.
Equipment breakdown exposure is due to the reliance of the business on properly maintained and electrically powered freezers and cooking devices. A malfunction or breakdown could result in a severe loss, both direct and under time element.
Crime exposures are from employee dishonesty and theft of money and securities. Background checks should be conducted on any employee handling money. As most transactions are handled with cash, money should be removed from the cash drawer at regular intervals and moved to a safe away from the front of the store.
Bank deposits should be made throughout the day to prevent substantial accumulations of cash. Closing time is the most vulnerable time so security procedures should be in place to prevent hold-ups. There must be a separation of duties between employees handling deposits and disbursements and reconciling bank statements.
Inland marine exposures can include computers used to track inventories, mobile concession stands transported to service locations, and valuable papers and records for suppliers.
Commercial auto exposures are generally limited to hired and non-owned liability for employees running errands. If mobile stands are transported, all drivers must have appropriate licenses and acceptable MVRs. Vehicles should be properly maintained, and records retained.
MT Concession Stand And Food Vendor Insurance
To make sure that your business is properly protected, speak to an professional insurance broker to find out exactly what type of concession stand and food vendor insurance Montana coverage you need and how much coverage you should carry to protect your operations.
Montana Economic Data, Regulations And Limits On Commercial Insurance
Thinking about starting a new business? Already own a successful business and want to expand your operations? Whatever the case may be, if you want to experience as much success as possible, you are going to want to ensure you choose the best possible location for your specific industry.
No matter how outstanding your goods and services may be, if the area where your business is located doesn't offer a healthy climate that will support your company, chances are you'll struggle to succeed.
If you are thinking about opening up a business in Montana, being familiar with the state's economic trends can help you determine if it's a good location for you. It's also wise to know what type of insurance you'll need to invest in so that you can plan ahead.
With that said, below, we provide an overview of the economic trends in the state of Montana, as well as the commercial insurance requirements for business owners in the Treasure State.
Economic Trends For Business Owners In Montana
As of December, 2019, the Bureau of Labor Statistics reported that the unemployment rate in the state of Montana was 3.4%; that's 0.1% lower than the national average, which was 3.5% at the same time. This rate remained steady throughout the entire 2019 fiscal year, and it is expected to either continue remaining steady or improve in coming years, according to economists.
Unemployment rate is a vital statistic for business owners, as it indicates the job market of a location, which is a strong determining factor in the success of businesses in the region.
There are several areas throughout the state of Montana that are seeing economic booms and where businesses are flourishing. Among those locations include the following cities and the areas that surround them:
- Great Falls
Several industries are seeing substantial growth in MT; however, there are particular sectors that are really thriving in Montana. Among those sectors include:
- Advanced manufacturing
- Hospitality and tourism
- Information technology
- Oil and gas production
- Retail development
If you are considering opening a business in any of the above-mentioned areas, your chances of success in Montana are favorable.
Commercial Insurance Requirements In Montana
The Office of the Montana State Auditor, Commissioner of Securities and Insurance regulates insurance in MT. Montana mandates very few forms of insurance coverage by law. They enforce worker's compensation.
Montana requires you to have worker's compensation insurance if you hire even one employee on a regular basis. This includes part-time employees, family members, minors, and immigrant employees. It is not required for independent contractors or domestic employees, though you should check to make sure any contractors you have are true contractors, and not employees.
Montana also requires all business-owned vehicles to be covered by commercial auto insurance. Other types of business insurance that business owners should carry depend on the specific industry.
Additional Resources For Food Service Insurance
Learn about restaurants, bars, liquor stores commercial insurance coverages. See how small business food service insurance help protect against accidents, oversights and lawsuits resulting from business operations.
- Bagel Shop
- Beer Distributor
- Coffee Shop
- Concession Stand
- Farmers Market
- Grocery Store
- Ice Cream Shop
- Internet Cafe
- Liquor Liability
- Liquor Store
- Sandwich Shops
Bars, taverns, restaurants, cafeterias, and other eating and drinking places have significant insurance needs in three separate areas.
The first is property protection for physical damage to equipment, furnishings, building and supplies due to fire and other perils.
The second is premises liability coverage to protect customers due to slips, trips and falls on the premises, as well as for consumption of food products.
The final need is protection for employees due to frequent cuts, burns and other common employee injuries. Establishments that sell or serve liquor or other alcoholic beverages also need liquor liability coverage.
Slips and falls, along with customer illness due to being served tainted food or drink, are the primary liability exposures. The commercial general liability (CGL) is used to provide coverage for these exposures.
It is important to note that liquor liability coverage is excluded under the CGL form if a risk is in the business of serving alcoholic beverages. Many establishments in this category should therefore consider purchasing a separate liquor liability coverage form.
Restaurant kitchen equipment, inventory and dining room fixtures are common exposures for most eating and drinking places. Many of these establishments do not own the buildings they occupy but have long-term leases and have invested money in various improvements and betterments, including cooking equipment, dining room decorations and permanent fixtures.
There are major differences in the food service business and the very different exposures they present. There are many specific types of restaurants to cater to individual needs and tastes. There a several main commercial insurance classifications for food service.
Concessionaires: The most basic "eat on the run" type of restaurant is not classified as a restaurant at all but is referred to as a concessionaire. Class Code 11168: Concessionaires applies and the accompanying note states that all food and beverages must be sold through hawking or peddling. There can be no location to which customers walk up and purchase the food. This classification includes food sold at sporting events, exhibitions, and parks.
Caterers: Are very similar to restaurants with significant differences. The caterer prepares the meals at its own kitchen or commissary and then transports it to the locations where it will be served. Some final preparation may take place at the final location but the majority generally takes place at the caterer's location. The caterer's employees serve the meals and beverages and oversee the consumption of the food.
Restaurants: The way restaurants are categorized and classified uses the percentage of alcoholic beverage sales as the first criteria, followed by other features or operations.
Common to all of these categories is that entertainment-oriented venues such as nightclubs, cabarets, dance halls, discotheques, and comedy clubs must be separately classified and rated. This means that the sales that those entertainment activities generate must be broken out and rated separately from the sale or food and drink.
Minimum recommended small business insurance coverage: Business Personal Property, Business Income and Extra Expense, Spoilage, Equipment Breakdown, Employee Dishonesty, Money and Securities, Computers, Valuable Papers and Records, General Liability, Employee Benefits, Umbrella, Hired and Nonowned Auto & Workers Compensation.
Other commercial insurance policies to consider: Building, Earthquake, Flood, Leasehold Interest, Real Property Legal Liability, Accounts Receivables, Bailees Customers, Fine Arts, Cyber Liability, Employment-related Practices, Environmental Impairment, Liquor Liability, Business Automobile Liability and Physical Damage, Garagekeepers and Stop Gap Liability.
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Also find MT local small businesses by General Liability Class Code and learn about Montana small business insurance requirements for general liability, business property, commercial auto & workers compensation including MT business insurance costs. Call us (406) 637-8400.