The restaurant industry is as challenging as it is rewarding for restaurant owners. Even when your restaurant has gained local popularity, employs a reliable staff of service-oriented individuals, and operates efficiently, mishaps can happen that put the business at risk. Merchant Family Agency is here to help you focus on creating great food and running a fine restaurant instead of worrying about liability. Our restaurant insurance experts can handle these matters for you so you can keep your restaurant running.
Which Businesses Need Restaurant Insurance?
If you own a business that cooks and serves food, you should have a restaurant insurance policy that protects it. Here are some examples of business types that fall into this category:
- Coffee shops/Cafes
- Ice cream shops
- Fine dining facilities
- Food delivery services
- Fast food franchises
- Food trucks
- Sandwich shops
- Full-service restaurants
Why Restaurant Insurance is Necessary
As a restaurant owner, your business is exposed to a wide range of risks. These make you vulnerable to financially crippling liabilities and lawsuits. Kitchens also carry inherent risks in both safety from sharp food preparation utensils to fires, as well as spoilage that happens if a freezer or refrigerator fails or contamination happens. These risks carry liabilities, such as employees getting injured, food no longer able to be served, and customers getting sick.
Problems can happen no matter how hard a business works to make things as perfect as possible and mitigate risk. Dealing with the negative effects of an accident or other problem can put a strain on your business and on a personal level. Merchant Family Agency can provide the right business insurance to cover your restaurant. You can focus on your day to day business with the peace of mind that you are covered.
The Importance of the Right Insurance Policy
All businesses are unique, from the steps they take to succeed and differentiate themselves to the very employees that give the restaurant life. Finding the right insurance policy means assessing all the factors of the business and what can match the needs of the business. These factors include the location, number of employees, type of food sold, the cooking methods used, and revenue.
Merchant Family Agency can guide you through choosing the right restaurant insurance policy with the right amount of coverage. Some common insurance policies for restaurants include:
- Business Owner’s Policy (BOP) – This policy combines commercial property and liability coverage which is frequently a strategy used for restaurants.
- Workers’ Compensation – Provides protection if an employee is injured or becomes ill while at work.
- General Liability – Coverage to help protect your restaurant from financial liabilities such as lawsuits that are the result of mishaps or accidents.
- Commercial Auto – If your restaurant uses a vehicle for business uses including delivery, you need to cover them.
- Business Income – Helps protect your business from lost income caused by theft, fire damage, wind damage, and other unforeseen events.
Talk to Professionals with Restaurant Insurance Experience
Work with experts who know what to expect when it comes to the unexpected in running a restaurant. Contact Merchant Family Agency to build the right restaurant insurance safeguards today. Call us at 407.707.6418 or request a quote online to get started on your coverage today.