Service Areas

Providing Insurance for NYC and Long Island Restaurants

As a New York restaurant insurance specialist, KJE knows owners’ challenges.

Restaurant insurance helps minimize your financial risk from lawsuits, failed equipment, and property losses.

NYC Restaurant Tip Archive:

5 Ways to Fight Cyber Attacks

1. Keep dangerous web traffic out of your computer network with appropriate firewalls.
   Talk to your IT consultant or internet provider to make sure your firewall is protecting your business. Firewalls can keep malware from spreading to different devices. You should also train your employees on ways to spot suspicious emails or links.
2. Use complicated passwords or a password manager system.
   Do not use the name of your restaurant or something easy to guess for convenience. Consider using two-factor authentication (2FA) to verify users in the form of security questions or a code sent to an outside device. This prevents a stolen password from being enough to gain access to your systems.
3. If your restaurant has outdated technology or operating systems, consider an upgrade.
   The investment will better protect your business and avoid future costs.
4. Make sure third-party vendors you use for credit card transactions are PCI-compliant.
   Your vendor may be compliant, but your business may not. Talk to your vendor to determine if you need added measures to protect your customers and avoid credit card company or bank fines.
5. Cyber policies vary depending on the type of business.
   Make sure you have the right type of cyber insurance for restaurants. Point of Sale malware steals financial information including credit cards and payroll, ransomware “kidnaps” your computer system, and free WiFi for customers can open the door for hackers. Cyber policies vary depending on the type of business. Some of these risks are not present in other businesses and need to be included.

3 Tips On NYC Restaurant Fire Safety

1. Maintain both your equipment and your staff training.
   Cooking equipment causes nearly 60% of fires.
   Deep fryers are #1 at 21% and cooking ranges are #2 at 14%.
   Failure to clean is the cause in a quarter of all fires.
   One third of fires are caused by misuse of materials or products by staff.
2. Fire prevention is equally important outside of cooking areas.
   The most damaging fires tend to come from electrical problems, which cause nearly one third of spreading fires. Nearly 100% of electrical fires in restaurants will result in large fires with significant damage.
   Functioning smoke alarms are crucial. Only one in five restaurants had fully working smoke alarms during a fire, while one in three restaurants with spreading fires were missing them altogether.
3. Knowing the local codes for your business can save you money.
   Discounts may be available on policies for fire prevention.
   One of the best guides for maintaining compliance and avoiding fines is FDNY’s Restaurant Fire Safety Guide. 

5 Easy Ways to Reduce Claims by Improving Security

1. Thieves are using wireless credit card skimming devices.
   Train employees to be aware of suspicious non-employees near the POS System.
2. Keep your building exterior well lit.
   Surveillance cameras will help to reduce fraudulent Insurance claims.
3. Central Station Alarms will deter theft and reduce insurance premiums.
4. Ensure employees are TIPS Certified.
5. Deposit cash in a safe that is out of sight and only key employees are aware of location.

3 Tips For Restaurant Owners On Insurance Policies

1. Exclusions Are Crucial.
   Insurance has exclusions. They vary by operation and can be especially important for restaurant owners. If you are getting a new policy, make sure you consider coverage for liquor liability, food spoilage, or equipment breakdown. All of these can be excluded from standard policies. KJE can evaluate your operation and recommend coverage for all of your needs.
2. Honesty Is Key.
   Tell the truth about your operation on your application. Sometimes insurance underwriters check your social media. Don’t say you don’t have a happy hour if you do. Read your online reviews. If they are inaccurate, you can tell your underwriter.
3. Technology Is Vulnerable Regardless of Age.
   Whether your restaurant has an older system or brand-new setup, your computer systems can be compromised via numerous types of attacks. You need to make sure you have the right cyber insurance coverage to avoid lawsuits and protect your business.

With rising operating costs for restaurants, it is more important than ever to make the right insurance decisions to reduce premiums while still protecting your business.

Our agents know the restaurant insurance carriers in the New York marketplace. We’ll learn about you and your operation, and guide you through the insurance process.

As an independent agency, we work for you, not the insurance company. We use our relationship with multiple carriers to not only get you the best policy, and make sure your restaurant insurance cost is affordable.

Contact KJE Insurance Services to get the right restaurant insurance coverage for your operation at the right price.