What Commercial Insurance Does Your Restaurant Need?

​Operating a restaurant requires you to protect your business with insurance. Many restaurant businesses do not have any insurance at all. Thus, in case they end up in trouble, they lose most of their funds, causing them to shut down momentarily or permanently. A business owner's policy, or BOP, is the standard package for those who want to get all the insurance policies that a restaurant needs.

General Liability
General liability provides coverage for bodily injury of clients inside your restaurant. This insurance type also covers property damage that results from slips, falls, and other accidents. Moreover, general liability also covers product liability. This is protection from claims of people who got sick after eating food from or at your restaurant.

Other Liability Coverage Types
You will need employee benefits liability insurance if you want to protect yourself against lawsuits that arise from the errors of your workers. That includes administrative mistakes that you might make while you're dealing with employee benefits. Other examples of liability insurance include liquor liability if you've caused a client's intoxication, and it led to property damage or bodily injury. Also, employment practices liability is important if your employee sues the company for harassment, discrimination, and other abuses.

Commercial Property Insurance
Property coverage types for any restaurant owner include sewer backup. This is necessary if you have a huge mess from a sewer problem. Business income coverage is essential if a fire or a similar peril causes damage to property at your restaurant. Utility interruption coverage is important to cover up losses due to gas, water, and electricity problems, as well as a communications failure at your restaurant.

Other Commercial Property Coverage Types
An example of commercial property coverage is Extra Expense. This can cover damage to property caused by fire or any peril, thus causing you to move to a temporary location. Spoilage coverage is important to cover losses caused by a power outage that led to spoilage losses. Also, Equipment Breakdown coverage is necessary to handle losses caused by a breakdown of restaurant equipment such as ovens or freezers. There’s also Employee Theft coverage to cover losses caused by food and equipment stolen by employees.

Some Final Words
There's also commercial auto insurance and many other types of coverage that a restaurant business needs. Do your best to prevent any injury or damage to your restaurant. Nonetheless, accidents and losses are inevitable. Thus, you need to get Business Owners Policy and other extra coverage if you want your restaurant business to get protected all the time.

At Desmond Insurance, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays and we're here to help you out. Learn more about our products and services by calling our agency at (859) 491-5100. You can also request a free quote by CLICKING HERE.