Why Nationwide Is the Right Blend for Beverage Shop Insurance

(Please note all coverage may not be available in all states.)

You probably have questions about the best ways to protect your beverage shop. Here are a few of the most commonly asked questions related to business insurance for your business. Contact a Nationwide agent to help answer additional questions.

Q: How does Nationwide understand that beverage shops are different from other businesses?

A: While many coffee shops offer pastries, soups and even sandwiches, we understand a smaller menu means your coffee shop has lower chance of a fire than a full-service restaurant. And because of that, Nationwide can reward you with lower rates.

We also know that you have plenty of things to think about without adding insurance to the list. We can help handle your business insurance so you can put more energy into serving your customers.

Q: What specific coverages do beverage shops need?

A: Beverage shops offices need:

• Property Coverage
• General Liability Coverage
• Medical Payments Coverage
• Spoilage Coverage
• Food Contamination Coverage
• Utility Services Coverage
• Equipment Breakdown Coverage
• Business Auto Coverage
• Business Umbrella Coverage

Q: Does Nationwide offer these coverages?

A: Yes.

Q: What type of coverage is often overlooked in the beverage shop industry?

A: Equipment Breakdown coverage – Coffee shops typically have expensive equipment, such as coffee grinders, roasters, mixers and coffee machines. If they break down, the replacement is costly. Most insurance companies automatically include this coverage, but some require it to be added separately. Make sure you ask your agent about this coverage.

Flood insurance – Nationwide does not offer flood insurance, but your agent can connect you to the National Flood Insurance Program, which is a government-sponsored insurance that offers up to $500,000 in coverage.

Ordinance or Law – This insurance can protect you if your building is ordered to be torn down and rebuilt to code after a loss. Many times, extra expenses are involved that cannot be accounted for when your building is valued. This coverage will not only pay for the damage to your existing building, but also for the undamaged portion that is to be torn down, the demolition costs and the removal of the debris.

Q: Is Nationwide willing to cover a coffee roaster?

A: Yes, and we will work with you to make sure it is properly wired and vented.

Q: Does Nationwide offer safety tips and services?

A: Yes, we offer free safety bulletins, online safety training and an online risk assessment tool.

Q: I am considering adding sandwiches and salads to the menu. Can Nationwide still meet my insurance needs?

A: Yes, we will work with you as your coverage needs change.

Q: I understand I have coverage for burns at my shop. What about if they are burned when they leave my shop?

A: General Liability Coverage can protect you if a customer is burned by your hot drinks, regardless of where it happens.

Q: Does Nationwide offer insurance for my company vehicles or for my employees driving their own vehicle doing errands for my business?

A: Yes. We offer Business Auto Coverage and Non-Owned Auto Coverage.

Q: What is umbrella insurance?

A: It’s a way to add higher limits to your existing insurance. For example, if your current liability policy covers a $1 million lawsuit and you are successfully sued for $2 million, umbrella insurance can cover the difference. Best of all, we can provide this excess liability coverage over your business vehicles as well as your business liability.

Q: Can Nationwide meet all of my insurance and financial needs?

A: Yes. We offer a full range of personal and business insurance products. We also offer financial services, mortgage and banking services. This means we can cover your home, personal autos, business vehicles, workers compensation, life insurance, business property and liability, personal and commercial umbrella, mortgages, loans and investments.

Q: If I have several locations, do I need to have several policies?

A: No, Nationwide can all of your locations on one policy, saving you money.

Q: How is Nationwide rated and what does this rating mean?

A: Nationwide is rated A+ (Superior) by A.M. Best, an independent insurance benchmarking group. The superior rating is assigned to companies that have a superior ability to meet their ongoing obligations to policyholders.

Q: What can you do to help me as my business changes?

A: We offer periodic insurance reviews of your business and your coverage. These reviews are triggered by opening a new location, adding on to existing space, starting to offer higher value food, changes in the industry from court rulings, when a claim has been made and at renewal time. All of these moments have insurance coverage implications, and we want to make sure you are adequately protected.

Q: How can I find a Nationwide agent?

A: By using whatever method works best for you:

• Use our Agent Locator
• Look us up in the yellow pages
• Ask a friend or business associate for a recommendation