Restaurant Insurance

As a restaurateur, you know there are many ingredients needed to run a successful business. And restaurant ownership is challenging enough, without having to worry about food spoilage caused by equipment breakdown, fire damage, and employee or customer injuries onsite. Restaurant insurance helps protect you from the risks you face as a restaurant owner so you can put your focus where it belongs: your food, your customers, and providing a great experience. Adequate restaurant insurance can help reduce exposing your restaurant to the unneeded risk and ensures your restaurant is ready to do business with all-in-one property insurance, liability insurance, worker’s comp, vehicle insurance, and business interruption insurance.

Who needs restaurant insurance?

We offer insurance to cover all foodservice businesses including:

• Bar Insurance
• Café Insurance
• Cafeteria Insurance
• Diner Insurance
• Deli Insurance
• Food Delivery Insurance
• Fast Food Insurance
• Pizza Restaurant Insurance
• Lounge Insurance

Some restaurants require specialized coverages, and we can help you navigate the issue facing the type of business you own or wish to create

What’s covered in a restaurant insurance policy?

There are typically three important areas for making a solid restaurant insurance plan. These coverages include:

• Business Owners Policy (BOP) protects restaurants through general liability property insurance, loss of income coverage, and more. It may also provide protection against lawsuits and other financial liabilities that result from customers slipping on a wet floor, or building damage from fire, or lawsuits, and other business-related risks.
• Property insurance safeguards your property premises in case there is a fire or vandalism. However, it won’t cover natural disasters such as floods or earthquakes. You’ll have to get additional coverage for such. You could have a property insurance policy and your lender might even require you to avail of such an insurance policy if you have any mortgage on your business or any on your equipment./li>
• General Liability is an umbrella policy that safeguards you in case someone slips and falls in your restaurant or if someone gets sick after eating at your place whether it is your fault or not. This is a must-have since some people would just sue out of pettiness. Most states require any business carrying a liquor license should also carry liquor liability insurance. This helps safeguard you in case a customer has drunk too much at your establishment then goes to drive their automobile and hurts someone or himself in the process. You need to have automobile liability too if you have a company vehicle. This might be also covered under your general liability policy. We greatly suggest checking with us to discuss this further.
• Workers’ Compensation Insurance can help cover medical costs and a portion of lost wages for employees who become sick or are injured on the job.
• Business Crime Insurance protects you from losses both within and outside your restaurant from employee theft, robbery, and forgery.
• Restaurant Vehicles may also need to be covered in some cases.

 

Worried about the cost?

We specialize in covering restaurants like yours. The cost of restaurant insurance is one of the best reasons not to delay: you won’t believe how inexpensive it is to protect your investment.

We have everything you need right here, including:

• Monthly payment options to help spread out your payments so you can better manage your cash flow
• Coverage of temporary staff, full-time employees, and independent contractors
• Claims responsiveness when time is of the essence, especially in the event of an insurance claim
• Tailored coverage for the specific risks of your restaurant type
• Knowledgeable agents who provide exceptional, passionate service
• Coverage for events satisfying most standard event requirements
• Fast and simple online quotes, or helpful agents, immediate coverage

Other Liability Coverages

Here are some different liability coverages you may need:

• Liquor Liability – general liability policies do not include claims for bodily injury or property damage for which you may be held responsible if you caused someone’s intoxication by serving them excessive alcohol. You’ll need to have liquor liability insurance for your restaurant if you sell or serve alcoholic beverages.
• Employment Practices Liability – your employees may sue you, the owner, for discrimination, harassment, and other workplace issues. These are not covered by general liability insurance so you need to have this specific insurance policy.</;i>
• Umbrella – a commercial umbrella offers you extra limits over those already provided by your general liability and commercial auto insurance policies. This also covers claims that are not covered by those policies.

Other Types of Restaurant Insurance

You might want to carry a heavy and powerful life insurance policy in order to satisfy your lender. It’s great to have life insurance so your family wouldn’t be left with a restaurant they do not know how to run and they won’t have to worry about bills to pay in case something happens to you. You can also purchase some other kinds of insurance if you have special concerns. However, also keep in mind that these extras will cost you more than whatever you are insuring right now. Loss of business insurance can recover some of that income in case you lose sales due to a specific cause. You might only break even given the premiums and deductible. However, this will depend on how much you lose. Also, in case you lose power due to fallen power lines or storm and everything inside your walk-in and freezer spoil, food contamination insurance will cover for you in order to replace the food. Specific peril insurance will cover many natural disasters that general liability insurance doesn’t cover. Damage induced by earthquakes, floods, or wind is covered under this kind of insurance policy.

Why We’re Different

You may think you want the cheapest insurance you can find, but realize you may not be getting everything you bargained for… While most insurance products are similar in price and function, insurance providers are very different when it comes to structuring a policy that actually covers you. There’s no such thing as a one-size-fits-all insurance policy when it comes to your business. We’re your neighbors. We protect businesses and people we know and care about, and that means we always look for ways to protect you better, including carefully choosing the insurance companies we represent to be both affordable and responsive. Contact us and let the professionals at our company help you forge the strongest shield possible to help you protect the things you are working hard to build.