TORONTO, ON, NOVEMBER 6, 2024/insPRESS/ – As Toronto’s food scene continues to dazzle with a fresh round of restaurants securing coveted Michelin stars in the latest Michelin Guide update, CHES Special Risk is proud to spotlight it’s Michelin Restaurants Program, launched last year. Tailored specifically for Michelin-rated and high-end dining establishments, this program underscores CHES’s commitment to supporting culinary excellence with robust, customized insurance solutions that meet the unique needs of fine dining operators.
The Michelin Restaurants Program by CHES Special Risk offers broad and flexible coverage options, designed to protect Toronto’s celebrated gastronomic landmarks and the chefs behind them. From specialized liability coverage to equipment and refrigeration breakdown, CHES’s program goes beyond standard insurance, addressing the intricate risks that Michelin-rated restaurants face every day.
Key Coverage Highlights:
– Flexible Policy Options: Coverage is available in broad form or named perils form, ensuring restaurant owners can select the policy that best fits their needs, with tailored limitations and exclusions.
– Comprehensive Equipment Breakdown Coverage: Including protection against electronic breakdowns, refrigeration failures, and food spoilage, a critical safeguard for establishments that rely on delicate and high-value ingredients.
– Coverage for Both Property Owners and Tenants: Whether the restaurant owns its building or operates as a tenant, CHES offers content-only packages or full property coverage to suit every setup.
– High Liability Limits: With liability limits up to $5 million, the program covers a range of exposures, including host liquor, tenant’s legal liability, pollution, employee benefits, advertising, and medical payments, providing Michelin restaurants with peace of mind.
– Limited Appetite for Live Entertainment: While coverage for live entertainment is available, CHES provides tailored policies to fit the specific needs and limitations of high-end dining venues.
A Tailored Solution for Elite Dining
“Toronto’s latest Michelin Guide is a testament to the city’s vibrant culinary excellence,” said Gary Hirst, CEO and President of CHES Special Risk. “We are proud to support these world-class establishments by offering coverage that meets the unique demands of Michelin-star restaurants. With our program, restaurant owners can focus on delivering exceptional dining experiences, knowing they are protected against unforeseen risks.”
Dedicated to the Unique Needs of Fine Dining
The Michelin Restaurants Program is an extension of CHES Special Risk’s dedication to delivering boutique insurance solutions that support Canada’s evolving market. With years of experience in niche underwriting, CHES understands the importance of tailored policies that adapt to the specific needs of each sector. In the world of fine dining, where precision, quality, and reputation are paramount, CHES’s Michelin Restaurants Program offers protection that aligns with the values and demands of Michelin-rated establishments.
To learn more about how CHES Special Risk’s Michelin Restaurants Program can help your high-end dining clients stay protected, please contact us at info@CHESSpecialRisk.ca or visit www.CHESSpecialRisk.ca
ABOUT CHES Special Risk Inc.
CHES Special Risk Inc. was established as a Managing General Agent and Wholesale broker in 2004, in response to broker demand to a hardening marketplace, commencing with a particular specialty in the entertainment and hospitality business, later becoming a fully accredited Lloyd’s cover holder in 2009. CHES Special Risk and Sister Companies are a fully Independent MGA delivering “A” rated capacity both in the hard to place, and standard lines classes and support their retail brokers in growing and developing their businesses.
Additional information regarding CHES Special Risk can be found at: http://www.CHESspecialrisk.ca.
###
If you would like more information about this topic, please call us at 416-452-7850 or email Gary.Hirst@CHESspecialrisk.ca
