When you open a Restaurant, which requires a large time and money investment, Insurance for the Restaurant is what will protect you in the event that something unforeseen were to happen.
The following are the types of things that you should consider when buying Insurance for your Restaurant:
1) Automobile Liability
Occasionally, restaurant managers and employees may use their own cars to run errands and make bank deposits.
Will you provide valet parking?
2) Boiler and Machinery: Equipment Breakdown
Restaurants will have Boiler and Machinery exposure because they rely heavily on refrigeration equipment to store food and keep it from spoiling.
Heating and air conditioning equipment will also need coverage for breakdowns.
Typically, a restaurant will have $25000-$50,000 worth of food in stock. If there is an electrical failure there may be significant food spoilage.
3) Business Interruption
The Business Interruption exposure for restaurants will be substantial because damage caused by a fire or flood may shut the business down for a long period of time or permanently. The period of interruption depends primarily on the extent of damage to the kitchen and storage area.
The Crime exposure for restaurants will be significant due to burglary, robbery, and employee dishonesty. Because many restaurants operate late at night and have considerable amounts of cash on the premises, they are attractive targets for thieves.
5) General Liability:
The risk of death from fire will be an important exposure for a restaurant.
Slips, trips, and falls occur commonly. (Slips, trips and falls may result from floors made slippery by spilled food or liquid)
Liability exposure to your restaurant from waiters or waitresses who may spill hot dishes or beverages on patrons, causing burns or damaging the patrons' clothing. A patron may choke on food while in the restaurant.
Product Liability exposure because of the high risk of food poisoning which is due to the increased outbreaks of food borne illnesses such as Escherichia coli (E.coli) and salmonella. Allergic reactions to foods can also lead to claims.
Will you have a coat-check facility?
Will you serve Liquor?
Whether you operate Dinner Theater businesses, Full-Service Restaurants,Cafeterias,Snack and Nonalcoholic Beverage Bars, Taverns,Bars, Cocktail Lounges and Nightclubs, or Hotels, Motels and Conference Centers facilities, we have Insurance coverage that you require to protect your business and your personal assets.