Restaurant Insurance Policy Considerations

Many challenges to running a successful business

Restaurant owners face many concerns related to running a safe and healthy establishment in order to keep customers coming back for more. Everything from the ambience, to the staff, and of course the food they serve must be of the highest quality. Restaurant insurance is needed in order to cover everything from liability issues to faulty equipment.


As most restaurant owners know, they are obligated by the law to protect their business, workers and patrons with proper insurance coverage. For added protection, they might even want to consider obtaining an umbrella insurance policy to protect them from any personal financial obligation. Before opening for business, it is important to determine what type of policies they should commit to. Researching the various types of coverage will help safeguard the business so they can reap the benefits and rewards of running a profitable venture.


Many challenges to running a successful business


Running a restaurant can be challenging enough without having to worry about things such as lawsuits, loss of income or serious property damage. Adequate amounts of restaurant insurance can help reduce many of these worries and help an owner concentrate on the important things, like the food and their customers.


Restaurants face a wide range of risks every day when they open their doors, and each business is run in its own unique way. Typically, insurance policies might include coverages such as:

  • General Liability insurance
  • Worker’s Comp insurance
  • Property Coverage, and
  • Loss of Income insurance

Restaurant insurance is required for many different business models, including bars, cafes, cafeterias, catering services, diners, delicatessens, fast food establishments, and food trucks.


Combined policies can be a real cost saver


Business Owners Insurance (BOP) could provide various protections for restaurants including general liability insurance, property insurance, loss of income coverage and more. General liability insurance is an important part of any restaurant insurance plan. It provides protection against lawsuits and other financial liabilities that result from things like slips, building damage, lawsuits and other business related risks. Workers’ Compensation insurance will help cover the medical costs (and a portion of lost wages) for an employee who becomes ill or injured during work. Speak to a reputable agent about this and any other restaurant insurance packages required.


photo credit: Robert Voors cc