Running a restaurant business is so much more than serving great food and taking care of customers. There is a wide range of risks that bars and restaurants are exposed to, which make them prone to different kinds of business and legal liabilities.
Plenty of things can go wrong in a restaurant’s kitchen alone. Not to mention, the large number of people who drink and dine daily increases the risk factor. Bar and restaurant owners have to prepare and safeguard themselves from eventualities that may arise and negatively impact their business in the future. This is not only in terms of food and service, but from issues such as employee claims, theft, and suppler inconsistencies as well. For these reasons, restaurants must have the necessary insurance policies in place.
Insurance for restaurants and bars helps protect businesses in the food industry from risks that might cripple them financially – lawsuits, equipment failure, and property losses are but a few examples. Thus, bar and restaurant owners have a lot of things to consider when organizing their insurance portfolios.
Some of the options that restauranteurs can include in their restaurant business insurance are:
- Property Insurance
- Spoilage Coverage
- Equipment Breakdown Coverage
- Employment Practices Liability
- Workers Compensation Insurance
- Business Continuation Insurance
- Liquor Liability Legal Insurance
Restaurant owners may also choose to secure all-in-one bar-restaurant insurance programs tailored to address the many risks that restaurant businesses face.
When buying insurance for a new or existing restaurant, it’s best to work with a trusted insurance company. Experienced restaurant insurance providers like Bennett and Porter are more familiar with the needs of businesses in the industry.
Insurance experts at Bennett and Porter can help you decide which policies best suit your operations and how much you should carry.
Be prepared for the worst. Get in touch with our insurance experts to learn more about how you can protect your business.