General Liability Insurance is an important overall business coverage that helps protect your restaurant from everyday hazards and problems. For example, if a customers slips and falls on a wet floor while dining at your establishment, general liability can protect you from the expense of the lawsuit and settlement. General liability also provides coverage for product and advertising liability, customer property damages, and other general calamities that can arise.
Liquor Liability Insurance coverage responds if you are sued after a customer, who consumed alcohol at your establishment, either causes or suffers bodily injury or property damage. Liquor liability insurance will pay to defend you against the claim and pay for any settlement or award. Liquor liability claims are potentially catastrophic in nature, making the coverage important for any restaurant owner. In fact, employers in the United States pay $9 Billion each year for alcohol-impaired traffic accidents.
Workers’ Compensation Insurance helps provide financial support to cover medical expenses associated with your employees’ on-the-job injury as well as lost wages your employee missed while recovering. Additionally, this coverage provides for the cost of lawsuits and settlements if your employee sues your business. From suffering grease burns to a getting a back injury from heavy lifting, restaurant employees have countless opportunities for injury.
Commercial Auto Insurance is protection for your property and employees in case of an auto accident. If you offer catering services or food delivery, you may need Commercial Auto Insurance to protect your food business while it’s on the road.
Commercial Property Insurance protects your business’ physical assets in the event of a natural disaster, fire, accident, or theft. This coverage can protect your business whether you own or lease your building.
Business Interruption Insurance responds when a covered loss prevents your business from earning revenue. For example, if hurricane storm damage were to force your restaurant to close several weeks for repairs, business interruption insurance will pay the revenue you would have expected to receive had the storm not occurred.
Spoilage and Contamination Insurance is a simple addition for most restaurant owners and provides protection for your restaurant in the event that a power outage or refrigeration equipment malfunction leads to food spoilage.
Business Owner’s Policy combines many of the above business insurance coverages in one policy. Customize your policy to include the specific coverages your business requires.