Restaurants are a fixture of life in America. Whether we go to the movies, attend a concert or visit a sports arena to cheer for our favorite team, a day out will likely involve a trip to our favorite restaurant. Those in the foodservice industry, though, know restaurants are exposed to risks well beyond those faced by many other types of businesses. In addition to issues such as accidents or property damage, restaurants need protection from claims related to foodborne illnesses and other foodservice-specific concerns.
RESTAURANT INSURANCE POLICY
Along with the General Liability and Property Coverage most businesses typically carry, foodservice operators should consider additional coverage specific to the type of restaurant they operate.
If the restaurant serves alcohol, for example, an operator should consider carrying Liquor Liability Insurance. It is possible for someone to become intoxicated while dining in your restaurant and later be involved in a car accident and cause injury to a third party. Depending on the circumstances, you could be held liable for those injuries.
Or suppose there was a power outage in your area and all the food in the freezer spoiled. Many policies exclude losses from power loss originating offsite, such as widespread storm damage, while others offer an endorsement that covers food spoilage caused by an off-premise power outage. What if the restaurant is forced to shut down for an extended period because of a fire, natural disaster or other disaster? Business Interruption Insurance can help make up for lost revenue due to an extended closure.
And what if the restaurant offers delivery or operates a food truck? If a delivery vehicle or food truck is involved in an accident, the restaurant operator may be liable for damages even if the vehicle was covered under the driver’s personal policy.
These are just a few of the concern’s restaurant operators need to consider before opening their doors. Others may arise depending on the type of restaurant.
WHAT WE DO
The Insurance Pros at Cell Brokerage specialize in providing affordable and customized insurance options and superior service to business owners. We partner with a variety of insurance providers, so you are presented with options that fit your needs (and budget).
Our Insurance Pros work with you to:
- Understand the types of coverage you need
- Match you with a reputable insurance provider
- Identify how much and what type of coverage you want/need
- Bundle your plan with other types of coverage to maximize your savings
At Cell Brokerage, our clients are people, not policies.