Apart from cooking delicious cuisines, having good insurance for businesses is another necessary thing that a restaurant owner needs in order to ensure the proper functioning of their restaurant. Even the silliest of things can cost restaurant owners heavily, especially when “negligence’’ is used against the restaurant.
Therefore, it is good to have an umbrella of protection over your head in form of a good insurance policy that would protect you from any potential damages to your business. Here is what you need to know about insurance for restaurants.
- General Liability-Insurance:
This is one of the most standard insurance policy to protect businesses from a variety of lawsuits and claims including body injury and property damages arising from your place of operation.
These types of claims are one of the most popular kinds and can lead your restaurant business to be unnecessarily drawn into a legal battle. This type of insurance policy will cover your damages if a person accidently slips and get injured in your restaurant or even get sick after eating at your place. And that is regardless of complicity of your restaurant staff.
- Commercial Property-Insurance:
Any restaurant owner should take precautions to avoid any man-made disasters like fire damages or vandalism. But sometimes it is not possible to have a hold on every factor leading to it. That’s why it is advised to have the restaurant premises insured against these kinds of losses. Many restaurants also take measures to insure themselves against natural disasters like earthquakes.
The insurance value can be based upon its replacement cost or actual cash-value of property. This insurance policy also covers the loss of income from the damages, thus ensuring that restaurants can jump back from huge losses.
- Food Contamination-Insurance:
Food spoilage and food contamination are few of the most common problems face in day-to-day operations of a restaurant. These kinds of problems can be caused by several problems like loss of electricity or refrigerator problems.
However, such problems can cause a significant financial loss for any restaurant owner. Therefore, it is always advisable to have a food contamination insurance-coverage that would cover any potential damages from either intentionally or unintentionally contaminated food. The policy should cover the costs to replace the entire contents of your refrigerator as well.
- Automobile Liability:
Many restaurants provide home delivery services of their food. For these purposes, they would have to hire or purchase many vehicles. But their operating costs may be an unwanted surprise for many. Automobile liability insures the restaurant owners against any accidents in which their restaurant vehicles were involved.
It would cover injuries and damages to third party and their property because of your vehicles. A good insurance policy would also cover any breakdown of your motor vehicles as well as any injury caused to your drivers while on the road.
- Liquor Liability-Insurance:
Liquor consumption is one of the easiest ways a person can open himself to any harm or accident, and if your businesses serve alcoholic beverages then you are exposing yourself to a myriad of problems. Therefore, it is a good idea to secure yourselves from potential claims of your injured patrons.
As a matter of fact, many states require that along with holding a liquor license, restaurants should also carry a liquor liability-insurance. These would provide you a shield in case your customers drink and drive or hurts themselves or anyone else during the process.
Insurance is one of the easiest ways a restaurant owner can protect themselves from unseen harms. Contact us today at S.T Good Insurance of Florida for a quote at (772) 287-3625.