Restaurant Insurance Information
Restaurant owners have much to consider when designing their insurance portfolios. Here are just a few of the insurance options restaurateurs can pick from to help minimize their financial risk from lawsuits, failed equipment and property losses.
What type of insurance coverage's do Restaurants need?
There is a wide variety of restaurant insurance options. Here are common coverage's for restaurant owners.
- General Liability Insurance: Providing coverage for all premises, operations, products and completed operations. Liability lawsuits from clients, employees, suppliers and the public.
- Property Insurance: Offers financial protection in the event that the restaurant's property (either its building structure or contents) is ruined or damaged in an insurable event such as a fire or theft.
- Commercial Auto Insurance: Protection against Vehicle claims and losses.
- Umbrella / Excess Liability Insurance: Provides additional limits over your existing liability policies.
- Disability Insurance: Provides partial wage replacement to eligible workers and Employers who are unable to work because of a disability.
- Workers Compensation and Employers Liability Insurance: Providing yourself and your employees against the unexpected. (Accidents. Injuries)
Coverage's Prepared for your food service business:
- Food Contamination
- Temperature Change
- Backup of Sewers & Drains
- Off-Premises Utilities Services - Direct Damage
- Computers & Media (Including Point of Sale Equipment)
- Liquor Liability / (Bring your own Bottle Endorsement)
- Employee Dishonesty
- Accounts Receivable
- Business Income (Actual Loss of Earnings)
- Equipment Breakdown
- Money and Securities
Restaurants may also be able to secure all-in-one coverage, which is a comprehensive policy that is tailored to the many facets of risks that restaurant owners face.