What To Look For In Insurance Coverage For Restaurants

By Author: Jason Conaway
Total Articles: 4
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What areas do restaurateurs need insurance in?

General liability

Perhaps the most crucial insurance coverage for restaurants is general and other liability. In today’s litigious society, people are quick to hire an attorney after even minor injuries inside a place of business. Premise liability includes coverage for accidents that happen in the parking lot.

Other liability insurance is designed to cover areas such as liquor, advertising, products, vehicles you hire or otherwise do not own and employee benefits.

Crime

Insurance coverage for restaurants must include protection against losses due to crime. It’s unfortunate, but there are dishonest people out there who think nothing of taking something if they can get away with it. And many in the restaurant industry believe restaurants lose more from employee theft than customer theft.

A good policy will cover customer and employee theft as well as losses due to forgery of currency, checks and money orders.

Property
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... br /> Whether you lease or own your building, damage to it is going to cost you if you’re not insured. Your provider will work with you to determine the replacement value of your structure as well as all the equipment and furnishing that you own inside it. It’s foolish to think you’ll operate for very long without something destroyed, damaged or broken.

A good agency experienced in insurance coverage for restaurants will build these and other features into your policy:

Building value increases to keep up with inflation
Replacement cost or actual cash values of the building and its contents
Coverage for all equipment breakdowns
Coverage in the event of a natural disaster
Extension of coverage should you expand, build on or purchase other restaurant property

Company vehicles

If you’ll own one or more vehicles and use them in conjunction with doing business, auto liability will be another important insurance coverage for restaurants you’ll need. Some specifics on which a comprehensive commercial vehicle policy will focus include bodily injury, collision, comprehensive coverage, property damage and uninsured motorist.

Opening a restaurant is a big move. Anyone considering owning a business in this field needs adequate insurance coverage in the areas talked about here and others. A qualified insurance provider can help you determine what your unique operation will require.

Jason Conaway is a freelance writer for Hartzell Insurance Associates, a Hatfield, PA, provider of insurance coverage for restaurants as well as a full list of other professional insurance services. Interested in finding out more about business insurance in PA? Visit our website today for more information.