Restaurant Insurance

Restaurant insurance can be particularly complex. There are a number of different types of insurance coverage you may need to fully protect your restaurant. When you work with an independent agent like Crosswinds Insurance Agency, you have the benefit of advice from an insurance professional and the convenience of having all your coverage needs handled under one roof.

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If you are a restaurant owner, you have most likely devoted a lot of time and money to your business. You will want to make sure that it remains profitable by protecting it with a suitable restaurant insurance policy. 

Some necessary insurance types include:

1. General Liability: This includes operations and premise liability. If a customer is injured in your restaurant or parking lot and it can be shown that you are responsible due to negligence in upkeep, poorly placed objects or the actions of one of your employees, you may be responsible for extensive medical bills. General liability insurance is designed to provide coverage for medical costs and damages.

2. Product liability: As a restaurant owner, your product is the food you serve. If customers become sickened by food poisoning or other food-borne illnesses, such as hepatitis or salmonella, and it can be proven that this occurred because of food served in your restaurant, you may find yourself sued for medical costs and punitive damages. Product liability insurance will shield you from the high costs associated with such a lawsuit.

3. Property Insurance.  Coverage for your restaurant equipment, betterment and improvements and building if owned by you.

4. Liquor liability: If your restaurant serves alcoholic beverages and allows a customer to become intoxicated, your business may be held liable for the drunk patron’s ensuing actions, including acts of violence and property destruction. Liquor liability insurance can help to protect you from financial losses if you are sued.

5. Hired and non-owned vehicles liability: If your restaurant offers food delivery service but your employees use their own vehicles, this will provide you with coverage against potential liability lawsuits if they are involved in an accident while making a delivery for you.

6. Workers compensation insurance: Most states require this insurance to cover any injuries your employees experience while on the job, as well as any job-related illnesses.

7. Loss of income coverage: If your restaurant must temporarily close due to a covered event, this insurance will provide you with the funds necessary to continue making payments on your monthly expenses, including employee salaries, until you are able to resume operations.

8. Coverage against employee crimes: If an employee steals from you or commits other types of crimes, this coverage will shield you from any resulting lawsuits and will compensate you for your financial losses.

9. Employment practices liability insurance: Commonly referred to as EPLI insurance, is specifically designed to protect employers from lawsuits brought on by employees. It provides coverage for many situations that general liability insurance does not.

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