In the restaurant business, a focus on creating culinary excellence demands preparation for all aspects of the customer experience.
Citadel advises and assists you in putting together a comprehensive package of relevant insurance policies, adapted to suit your specific needs and wants. Our restaurant insurance package includes the following products:
Will provide cover for any accidental material loss or destruction to your interests at the premises used by you for carrying out your business, together with losses resulting from events such as fire, lightning, explosion, damage caused by aircraft, riot and malicious damage, earthquake, subterranean fire, storm, tempest or flood, escape of water, impact by motor vehicles, and theft following forcible and violent entry.
This insurance will provide cover for any loss of profits or revenue following interruption of, or interference with, the business as a consequence of a loss that is indemnifiable under the Property Insurance cover.
Covers any loss of money occurring under particular circumstances, such as in transit, on the premises during business hours, on the premises outside business hours contained in a locked safe, or on premises outside business hours not contained in a locked safe, a bank night-safe or an automated teller machine.
Public & Products Liability
This insurance provides cover against Legal Liability, should you become liable to pay compensation in respect of accidental bodily injury and/or accidental loss of, or damage to, material property incurred by third parties at the premises used for carrying out your business, and/or by products sold or supplied by you within the Maltese Islands.
Plate Glass Insurance
Will provide cover in the event of glass being damaged at your business premises resulting from accidental damage, or vandalism and/or other unforeseen events.
Electronic Equipment Insurance
Will provide cover for sudden and unforeseen material loss or damage to the electronic equipment, and/or external data media, occurring at the premises used by you for carrying out your business. Furthermore, you will be covered for a specified amount should any damages result from a total or partial interruption of operation of the electronic equipment.
Group Personal Accident
This insurance will provide you and your regular employees payment of specified benefits in the event of an accident resulting in disablement or death, including related medical, surgical or nursing expenses.
Machinery Breakdown Insurance
Has been developed in order to provide cover for all types of machinery, plant, mechanical equipment and apparatus at work, at rest or during maintenance operations against any unforeseen and sudden physical loss or damage to machinery from causes such as defects in casting and material, faulty design, faults at workshop or in erection, bad workmanship, lack of skill, carelessness, shortage of water in boilers, physical explosion, tearing apart on account of centrifugal force, short-circuit, storm, or from any other cause not specifically excluded
Machinery Loss of Profits Insurance
Will provide cover for the actual loss of gross profit sustained as a result of a business interruption caused by an accident which is indemnifiable under the Machinery Breakdown insurance.
Deterioration of Stock
This insurance is designed to meet the requirements of those seeking to insure themselves against deterioration of goods in cold storage, due to a breakdown of refrigerating machinery. Deterioration of stock insurance is a follow-up to Machinery Breakdown insurance and may only be taken out in conjunction with the latter.
Life Insurance (Business Loan Protection)
Loan Protection Insurance, also known as Decreasing Term Insurance, is often a minimum requirement when arranging a business loan. This cover is designed to reduce over the term of the policy, broadly matching the outstanding loan amount. As any potential payout decreases over time, you will find the premium of a Loan Protection Life Insurance policy is cheaper than Level Term Life Insurance.