Restaurant owners across the central Pennsylvania region learn quickly that their industry is unlike any other. For this reason, restaurant owners must carefully pick the right liability insurance. Otherwise, the restaurant could be exposed to massive damages that the owners would have to pay for out of pocket.
Determining what kind of insurance your restaurant needs is important and will depend on some specifics, although certain types are universal to all eateries that serve food and beverages.
Restaurant General Liability Insurance
At a bare minimum, every restaurant needs to have a solid general liability insurance package. General liability insurance covers damages related to anything that happens on the premises, including in your parking lot. For instance, if a patron falls down and requires medical attention, restaurant liability insurance can help offset the monies related to the damage.
Your general liability insurance should be a reflection of your restaurant’s needs. That’s why your insurance agent should always work with you to create a liability insurance policy that includes anything unique to your eatery.
Other Types of Restaurant Business Insurance
Aside from having an up-to-date general liability insurance policy, restaurants need to consider holding other types of insurance, such as:
- Liquor Liability Insurance – Serve alcoholic beverages on the premises? Liquor liability insurance coverage helps you avoid problems related to inebriated patrons or other liquor-related issues.
- Commercial Vehicle Insurance or Hired/Non-Owner Vehicle Insurance – Does your restaurant have its own vehicles, or does it use employees’ vehicles for delivery purposes? You’ll want the protection of commercial vehicle insurance and/or hired/non-owner vehicle insurance in case of damages, accidents, etc.
- Product Liability Insurance – Because a restaurant’s products are basically food and drink, a product liability insurance policy will ensure you don’t have to close down because of concerns like food poisoning.
- Workers’ Compensation Insurance – You may be required to carry workers’ compensation insurance as a restaurant. Workers’ compensation insurance pays for on-the-job injuries suffered by employees – or even you.
In order to minimize the restaurant liability insurance cost to your business, you may be able to roll several types of insurance together into one policy. This gives you the protection you need, without forcing you to spend more than you should on premiums.
When you speak with a knowledgeable insurance agent at Strock Insurance, you will map out the most logical, economical insurance policy needs to minimize your risks. Contact one of our local offices today to arrange a meeting.
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