The restaurant business is always selling. Due to the high demand for fast foods, new restaurants open every day of the week. Usually, restaurants differ from themselves in the quality of services, type of food, space, location, etc.; however, there is always something peculiar. They are a high-risk business that requires the best available protection – insurance. Getting this protection is not an easy task because there are brokers who have little or no idea about the business. If you run a fast-food joint or any restaurant type of business, and you eventually find a broker with top-notch services, maximizing their coverage options would do you some good.
There are potential risks associated with a restaurant’s services that could cause serious financial losses. They are quite inevitable because different people visit restaurants and have different perceptions of them. Also, in situations when there is a foodborne illness or fire/kitchen hazards, bodily injury, equipment damage, etc., solving the problem alone could take a different turn on your business – loss of income or lawsuits. However, Restaurant Insurance will help you through difficult times in the business. Ideally, it doesn’t prevent these circumstances; it only improves your survival chance when they happen.
You can trust our Restaurant Insurance services. We have highlighted some of the common risks in this business and provided coverages for safety and protection. All you need to do is check the following and find out what is good for your business.
General Liability Insurance
A General Liability Insurance in restaurants is designed for customers who visit the place, and they get injured, or properties get damaged within the premises. It is somewhat a policy protecting customers and restaurant owners. All medical expenses in treating customer injuries and restoration on damages caused by customer’s properties are taken care of to avoid liability lawsuits. We would help you save some money and even your business reputation when you opt-in for this coverage option.
Workers’ Compensation Insurance
Generally, Food joints are mostly handled by more than one person. The reason is that there are different things to do; thus, having more than one hand would help. Hiring workers is good until they get bodily injuries due to kitchen work. If that ever happens, such a worker could file a lawsuit against the employer or management. However, with our Workers’ Compensation coverage, you won’t have to concern yourself with liability claims. We ensure that every worker is adequately compensated when circumstances like this arise not to affect business.
Liquor Liability Insurance
It wouldn’t be a surprise if you find most restaurants selling liquor. The demand is different from one restaurant to another; therefore, you will need certain policies or coverages to protect you. For a place where they sell alcohol, Liquor Liability Insurance is of utmost importance. The main reason why you need this coverage is to protect your business, especially from the actions of intoxicated customers. These people may not have control over their actions, and it would be bad if you had to pay for the troubles caused or damages done. We only advise restaurants that deal with alcohol either often or occasional basis to consider this insurance.
Commercial Auto Insurance
A little further, we found most restaurants do delivery services as a part of their meal-selling services. It is a good one, but taking a coverage option also matters. In the process of making deliveries to customers either with a personal or business vehicle, things could go sideways. Having Commercial Auto Insurance to cover accident costs will help you. If it was theft or vandalism, our coverage also ensures you don’t record losses both in property and income.
Business Owners’ Policy
The aggregate of all insurance coverages in restaurants falls on Business Owners’ Policy. We included this coverage option because it sums up all general liability insurance with property insurance. The exciting thing about this part of our service is that it is offered at a discounted price due to certain factors. Some of the factors that influence this essential coverage price include business location, the value of property, equipment, and operations. It further covers any interruption that may occur within a restaurant premise.
What You Need Us?
Restaurant Insurance is a necessity. It offers the protection you need from different sets of people who visit your food joint daily. It would help if you understood that everyone has a different perception about things, especially food; hence, you should expect the worst reactions, including lawsuits. Besides, having a restaurant means running on risks caused by different factors, especially fire.
We are convincing you to get this insurance because it would help your business, now or in the future. Having a broker like us means you are willing to keep your restaurant and not run out of business like many others. Contact us, and let’s keep your restaurant safe.