What Is Subway Insurance?
Subway insurance is a collection of business insurance coverages designed to help protect your restaurant from risks. As a franchise owner, you face unique challenges that can disrupt your operations. From customer injuries to broken equipment, having the right type of insurance can make you better prepared to deal with setbacks. Common types of coverage that make up Subway insurance include:
It helps pay additional costs you may incur to upgrade damaged property to franchise standards following a covered loss.
- Business Owner’s Policy (BOP)
- Commercial property insurance
- General liability insurance
The Hartford understands the unique risks your Subway restaurant faces. That’s why we designed our insurance solutions with franchises like yours in mind.
Do I Need To Insure My Subway?
As a Subway franchise owner, having insurance is important. Depending on your state, certain types of coverage may be required, such as workers' compensation insurance. But even if coverage isn't required, it’s a good idea to have an insurance program to protect you from the unexpected. You’ll have to pay out of pocket for claims if you don't have coverage, which can get costly.
What Are Subway Franchise Insurance Requirements?
As a franchisee, you may be required to carry certain types of coverage. This can include:
- Commercial property insurance
- General liability insurance
- Workers’ compensation insurance
What Insurance Do I Need for My Subway Shop?
Many Subway franchisees start with a Business Owner’s Policy (BOP). This combines three types of coverage into a single, convenient policy:
- General liability insurance to help protect your Subway restaurant from claims it caused bodily injury or property damage to others.
- Commercial property insurance, which helps protect the owned or rented equipment and inventory you use to operate your Subway store.
- Business income insurance to help replace lost income if you can’t operate your Subway franchise after a covered loss.
Just as every business is unique, every Subway franchisee faces different risks. You may find you need more coverage to protect against other kinds of risks.
As an insurance company that’s worked closely with small business owners for decades, we understand the distinct challenges that Subway franchisees face. That’s why we created special insurance offerings that provide coverage for the unique risks that Subway owners deal with.
Deli Stretch Endorsement
Our Deli Stretch® bundles business insurance coverages that have been designed to specifically meet franchisee needs. This includes:
- Mechanical breakdown coverage to help protect equipment you use to operate your Subway franchise such as computers, air conditioners and point-of-sale (POS) systems.
- Hired and non-owned auto coverage to protect you and your employees on the road if you’re driving for business.
- Spoilage to help cover the cost of food or lost income due to a breakdown or failure of heating or cooling equipment, power failure or refrigerant contamination.
- Off-premises utility service helps replace lost income and damaged inventory caused by downed power lines.
Franchise Upgrade Coverage
You may need to replace your damaged appliances and equipment with newer versions to comply with Subway franchise requirements. This can be an additional cost on top of what your commercial property insurance policy covers. That’s where franchise upgrade coverage helps.
