Unlike purchasing some types of insurance, most people, even those in the food service industry are not exactly sure what they need as far as coverage. After all, every restaurant is different and will have vastly different coverage needs. Because of this, it is vital that you work with an independent insurance agent.
Did you realize that restaurant insurance can include several different policies? Your independent agent will help you put these together to create an overall plan that covers your business (and you) from nearly any potential problem. Some of the common insurance types you may require include:
- Business Property – As a restaurant owner, your building and equipment are very important to your ability to run your business. Don’t let fire, a storm or another event keep you from success. Business property insurance can protect your location inside and out.
- Business Liability – While you may run a tight ship, accidents happen. It is important that you are covered in case there is an accident or mistake that occurs on your property or as a result of your business. Liability insurance is not something you want to try to operate without.
- Workers’ Compensation – Even in a safe kitchen and dining room, your employees could be hurt on the job. If you do not have workers’ compensation coverage, the cost of these accidents could fall to you.
- Auto Insurance – If you deliver or otherwise operate a vehicle as part of your business, it is important that your vehicle is properly covered. Your normal auto coverage may not be enough.