Business Insurance for
Fast Food Restaurants
As the owner of a fast food restaurant, you have made a solid commitment to providing local goods and services for many years to come. Starting a restaurant is a large investment of both time and money. Protect your restaurant from unexpected perils and events by covering it with the right types of business insurance.
General liability is commercial insurance coverage that provides your fast food restaurant with a broad, overall level of protection. It is tremendously important for making sure you’re covered when unexpected events arise. General liability insurance protects you from problems that you don’t expect to arise. For example, if a customer hurts themselves while they’re in your fast food restaurant, general liability provides you with bodily injury coverage to pay for the customer’s required care. This coverage pays for repairs if a customer’s property is damaged while on your premises as well. General liability can pay for your legal and defense expenses if liability suits are filed against your restaurant for products that you’ve sold and it can protect you from mistakes or claims against your advertising materials as well.
General Liability Insurance Includes:
- Premises Liability – If a customer is accidentally injured while dining at your restaurant, premises liability pays for the injuries and damages. Additionally, this portion of your coverage also pays for damages or losses caused by restaurant operations.
- Products Liability – Any company that sells, manufactures, handles or distributes products is at risk of potential litigation and problems. If your fast food is blamed for making a customer sick for example, your restaurant will have to defend itself against those claims. Products liability helps protect you from the expenses involved with litigation defense, judgments and settlements.
- Completed Operations – If property is damaged or someone is injured due to work your company has completed, this portion of your general liability insurance can cover those damages.
Business Owners Policy
General liability insurance can be purchased as a stand-alone policy for your restaurant, or as an inclusion with a more advanced commercial insurance policy known as a BOP, or Business Owners Policy. A BOP is particularly useful for small businesses because it provides you with protection of both your physical and intangible assets.
- Buildings and Contents
- Business Income and Extra Expense
- Electronic Data
- Newly Acquired or Constructed Buildings
- Employee Dishonesty Coverage
As the owner of a fast food restaurant you may find yourself driving for business purposes occasionally. If you or one of your employees is involved in an auto accident while driving for business, you can protect your company from the financial burden and loss by carrying a business auto insurance policy.
Fast food restaurants rely on a number of employees in order to effectively serve customers. Workers comp coverage is mandated by law for all companies who employ one or more persons. Workers compensation pays for an employee’s hospital care or related medical expenses if that employee is injured while on the job.
Commercial umbrella insurance is designed to protect you from accidents and unexpected events that exceed the cost of coverage that your general liability policy provides. When the maximum benefit amounts are paid from your general liability policy, that policy will be unable to continue making payments towards medical bills, litigation costs and other damage expenses. A commercial umbrella insurance policy will provide you with protection above and beyond the limits of your liability coverage. Commercial umbrella business insurance can provide extra protection for your general liability, commercial auto or workers comp policies.