Claims We Had That Saved a Friday Night!

Written By Tom Larsen

Friday, 4:00 pm, very busy time for most eating establishments. A transformer on a power pole on a very, very busy street fails and results in no power for 3 of our restaurant clients. Lost sales from a Friday dinner crowd!

Luckily, we always put on On Premises Power Failure endorsement - happening to just your location and Off Premises Power Failure - happens to a power pole down the street. Results? Restaurant #1 - $4,059 paid in lost receipts, Restaurant #2 - $6,127 in lost receipts & Restaurant #3 - $8,236 in lost receipts. So these 3 restaurants didn’t lose out on Friday night sales, as they had the correct coverage in place. Power was restored Saturday am, too late for Friday dinners!

Does you own restaurant insurance policy have On Premises and Off Premises Power Failure Coverage? It is an add on endorsement to most insurance policies and not included in a base restaurant insurance policy.

Tom Larsen, President of www.larseninsurance.com

Tom Larsen

Former restaurant owner now insuring restaurants for 30+ years. Love the restaurant owner’s who put their skills, work ethic and energy into producing “go to” places! Love working with restaurant owner’s because I get it too!

https://www.nyrestaurantinsurance.com
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