(888) 900 0205Restaurant Business Insurance
Running a restaurant can be exciting but unpredictable. From busy dinner rushes to unexpected mishaps in the kitchen, there's always something going on. That’s why restaurant business insurance is a must-have. This coverage safeguards your business against financial losses from accidents, property damage, or even employee injuries. It’s designed to keep your establishment up and running, no matter what surprises the day might bring.
General Liability Insurance For Restaurants
Every restaurant, whether a cozy café or a high-end dining spot, needs General Liability (GL) Insurance. This policy covers claims that arise from accidents, property damage, or injuries that occur on your premises. Imagine a customer slipping on a wet floor, or an issue with the food causing someone to get sick—GL coverage helps handle the legal and medical expenses that follow.
Claim Example: A diner at a local bistro slipped on a wet spot near the entrance and fractured their wrist. They sued the restaurant for medical expenses and pain and suffering. Thanks to their GL insurance, the restaurant’s legal fees and settlement costs were covered, sparing them from significant financial stress.
BPP Coverage For Restaurants
Beyond liability, you’ll want to think about protecting the stuff that keeps your business running, like your furniture, kitchen equipment, and even those fancy wine glasses. That’s where Business Personal Property (BPP) Insurance comes in. It covers damage or loss to the physical property you own, lease, or rent inside your restaurant. From accidental fires to theft, BPP makes sure you’re not left footing a massive bill to replace your essential gear.
Claim Example: A small, family-owned restaurant experienced a fire in the kitchen, which damaged several appliances, cookware, and dining tables. Fortunately, their BPP insurance policy kicked in, covering the cost of replacing these essential items. This meant the owners could reopen their doors without suffering a severe financial setback.
Workers' Compensation For Restaurants
Let’s face it—restaurant work can be tough. Between the hot kitchen, sharp knives, and slippery floors, there are plenty of hazards that can lead to employee injuries. That’s why Workers' Compensation Insurance is not just a smart choice but also a legal requirement in most states. It covers medical expenses and lost wages if an employee gets hurt while working, protecting both you and your staff.
Claim Example: A line cook was chopping vegetables when they accidentally cut their hand, requiring stitches and a few days off to recover. The restaurant’s workers' compensation insurance covered the medical expenses and provided the worker with wage replacement for the time they missed, allowing them to recover without financial stress.
What Else Do Restaurants Need?
Beyond GL, BPP, and workers' comp, there are a few more coverages that could make all the difference for your restaurant:
- Liquor Liability Insurance: If your restaurant serves alcohol, this coverage protects you from claims related to alcohol-related incidents, such as a patron causing damage or injury after leaving your establishment.
- Commercial Auto Insurance: Do you deliver food? Or maybe you have a catering van? This policy covers vehicles used for business purposes, protecting against accidents, theft, and damages.
- Business Interruption Insurance: Imagine if a fire or other event forced you to close your restaurant for a few weeks. This coverage helps cover lost income, so you can pay your bills and employees even when your doors are temporarily shut.
- Cyber Liability Insurance: Even restaurants are digital these days—think online reservations, point-of-sale systems, and more. Cyber liability helps cover costs if your business faces a data breach or cyberattack.