business insurance Archives - Spencer Insurance Agency, Inc

Restaurant Insurance

Restaurant owners face many different risks while running their business. Restaurant insurance is a specialty business insurance policy that covers several risks and gives the restaurant owner the confidence he or she needs to be successful.

Whether you run a small café or a national chain, you could be held liable for contaminated food, spilled coffee, slips and falls on your premises, and much more! You will want the best restaurant insurance policy for your establishment. What are the basic insurance coverages for a restaurant?

Property Insurance: This coverage protects your property in the event of a fire or vandalism, but it may not cover natural disasters such as floods. Speak with your insurance agent to find out if you need additional coverage for natural disasters.

General Liability: This is an umbrella insurance policy that protects you if someone slips and falls on your

property or if a patron gets sick after consuming your food, even if it’s not your fault. General liability insurance is a must have in today’s sue-happy world!

Employee Coverage: Most states require that all employers carry workers compensation insurance to

protect you if an employee gets hurt on the job. Unemployment insurance covers employees who no longer work for you until they find another job.

There’s insurance coverage for just about any object, action, or person. You are not limited to those we have mentioned above. If you have special concerns, you can purchase other insurance coverage. Spencer Insurance Agency is your trusted insurance agent in Jenkintown, PA. We know the state and local laws regarding how much insurance your restaurant needs. Give us a call at (215) 885-2200 or visit us online at to set up your consultation.



Protect your Home-Based Business!

According to a survey by the Independent Insurance Agents and Brokers (IA&B), one in ten U.S. households operates some type of full-time or part-time home-based business.  Unfortunately, many of these home-based business owners assume their homeowner’s policy provides coverage for their business exposure.  The survey indicates that 58% of the owners of home based businesses have not purchased additional insurance for their business and that 87% of those business owners did not realize that additional insurance was needed.

Are you one of the uninsured?  Call us today to review your need for business insurance.  Many of our clients realize that Spencer Insurance provides home, auto and life insurance, but did you know we can provide coverage for your business too?  If Spencer Insurance cannot place your insurance we can help you find someone who can.

Most insurance companies use The Insurance Services Office (ISO) Homeowner’s 3 – Special Form.  This homeowner’s policy has several exclusions and limitations that apply to your business property and operation.

Coverage is excluded for any other structure on the residence premises used for any business purpose (there are some exceptions).  This means if you operate your business out of a detached building like a garage, that structure is not covered on your homeowner’s policy.  Your homeowner’s policy also limits the amount of business property located at your home to $2,500 and even less if your business property is away from your home.

Think that is bad?  Well listen to this. . .   Your homeowner’s policy excludes liability arising out of the conduct of the business!  You have no coverage if you get sued for activities related to your home-based business.

Is there a solution?

Yes, call us today at 215-885-2200 to discuss your home-based business or any business you operate.  We will discuss your coverage options with you to make sure you have the proper protection at a very competitive price.  As an Independent Insurance Agency, Spencer Insurance represents many high quality insurance companies.  We will review your needs and match your business with an insurance company that will provide you the best coverage at a competitive price.  At Spencer Insurance we realize the your “True Cost of Insurance” can be much higher if you do not have the proper protection.  Don’t delay, call us today!

Trust us for your business insurance

lawsuitYou have trusted us for years with your home and auto insurance, so why not check with us about your business insurance?

Many of our clients are not aware that we can provide the same guidance we provide for your personal insurance to your business.  Just like your personal situation every business has different needs. 

Our approach is the same for business insurance as it is with personal insurance.  Our Mission Statement isSpencer Insurance Agency, Inc. recommends and provides insurance products and services to our clients that best matches their risk factors in their personal and business lives. Spencer Insurance represents top rated competitive carriers. Our goal is to provide an insurance package that reflects the client’s risk that is very competitively priced. While Spencer Insurance recognizes that price is an important consideration, it also realizes that our client’s TRUE COSTS can be much higher if they are not properly protected. Your protection and peace of mind is our only business. 

How are we different than any other broker?

We will not just look at your current policies and then promise to save you money; in fact it may cost you more after we are done our review.  Why??  You may not have the right protection.

Do you have coverage if you fire an employee improperly? Do you have coverage if you break your customer’s property while you are repairing it? Are you covered if you travel? Is your property covered while at a trade show?

There are many questions we could ask you depending on your business. 

Our approach is to sit down with you and learn about your business.  What do YOU need to protect? What keeps you up at night? After we learn about your business we review your current coverage to see if there are any gaps, then we fill those gaps.  We will provide a very competitive package based on your needs.  Remember, the True Cost of Insurance includes the out of pocket expenses you must pay because you do not have the right coverage.

If your current agent is asking these questions and you are satisfied with their service then stay with them.  If you are not prepared to spend some time with us talking about your business and providing us the financials and loss reports we need then stay with your current agent.

However, if your agent is not asking these types of questions and you want a professional review of your protection call us and get a second opinion.  We will provide you the same complete review of your business insurance needs that you are accustomed to  receiving from us for your personal insurance needs.