Restaurants, coffee shops and other food service businesses have their fair share of headaches. A lawsuit from a customer who falls on a wet floor shouldn’t be one of them. Neither should spoiled food caused by a failed walk-in refrigerator. Find the right coverage for your food or beverage business.
General liability Coverage
A restaurant needs general liability insurance to cover bodily injury or property damage claims that result from accidents, like slips and falls.
General liability insurance covers the damages caused by these accidents. It also covers product liability which protects your restaurant from claims arising from food-borne illnesses.
Liquor liability Coverage
You may be held liable if you caused or contributed to someone’s intoxication through the sale or service of liquor.
If your restaurant sells or serves alcoholic beverages, you’ll need to purchase liquor liability insurance to cover your business from any lawsuits filed against your business.
Employment Practices liability Coverage
Employees may sue restaurants for discrimination, harassment, and other workplace torts.
Such torts aren’t covered by general liability insurance. To protect your business, you’ll need to purchase employment practices liability coverage.
Business income Coverage
If a fire or another peril damages property at your restaurant and your business is forced to shut down, you could suffer a significant income loss.
To protect your business, you can avoid such events by purchasing a business income coverage.
Spoilage Coverage
Food stored in refrigerators or freezers may spoil if cooling equipment breaks down or shuts off due to a power outage.
You can insure your restaurant against costly spoilage losses by purchasing spoilage coverage.
Employee theft Coverage
Restaurant employees may steal food, cash, and other property from their employers.
Theft by employees is an excluded peril under a typical property policy. To protect your business, you’ll need to buy employee theft coverage.
Peak season Coverage
You should consider buying this coverage if your restaurant generates a high volume of business at certain times of the year, such as the summer months or the Christmas season.
It provides a higher limit for personal property coverage during a specified period. Many BOPs automatically include this coverage, offering a 25 percent seasonal increase.
Commercial Auto Coverage
Many restaurants own vehicles they use for picking up supplies, delivering food or other business purposes.
Business-owned vehicles should be insured under a business auto policy. The policy should cover non-owned autos and hired autos as well as vehicles the restaurant owns.
Chances are, if you serve any kind of food or drink, you’re going to need food liability insurance. Being in the food and beverage business can come with great risks. That’s why it’s important to protect your restaurant with the best kind of coverage. We believe in small businesses and get to know restaurant owners so we can understand your unique needs and ensure you’re covered.
Businesses that cook and serve food should have adequate restaurant insurance. Business types can include:
If you’re in the food and beverage business, we recommend starting with a business owner’s policy. A BOP combines three general insurance coverages that are important to almost every business:
Most restaurant owners with employees are also required to have workers’ compensation.
Our team can help you understand the unique risks and needs of your restaurant business and help find the right combination of coverage.
Insurance protects the restaurant business you’ve worked hard to build – and helps keep it moving forward. No matter how hard you try to make sure everything is perfect, problems happen. And we’re here when they do. With us, you know you have an insurance company that always has your back. In fact, because we know that all business owners have unique needs, we’ve put together coverage options specifically made for restaurant owners with our food insurance and restaurant insurance.
We know you have a lot to handle on a daily basis, but with the right coverage, we’re here to help take some of the stress away, by helping protect your small business with restaurant insurance that works as hard as you do to protect against the unexpected.
You never think it’s going to happen to you. Until it does. Having the right coverage can help protect your restaurant.
Talk to us today to know how to keep your restaurant business protected
It might be time to switch insurers whenever the service that your existing insurer provides doesn’t meet your needs. For example, if you have a poor claims experience or an unexplained rate increase, it might be time to consider other options
If you cancel a previous policy before a new policy is effective, you could run into some serious financial problems.
Contact us today to help you with multiple options to choose from.