Insuring a Restaurant or Bar

Commercial restaurant insurance covers restaurants, bars, doughnut and coffee shops, pubs, bistros, delicatessens, and more.  A good commercial restaurant insurance policy should cover employees, buildings and equipment, loss of income, liquor liability and general liability.

Owning and running a restaurant comes with plenty of headaches.  Don’t let your commercial restaurant insurance be one of them.  Having a good commercial restaurant insurance policy in place will reduce stress and worry down the road.  One factor is certain in running a restaurant; the risk exposure regarding liability is higher than many other types of retail businesses.

A restaurant insurance policy needs to provide coverage for a variety of risks.  The policy should cover employment practices liability, valet liability and liquor liability.  There are a number of coverage options with varying limits and deductibles.  Talk to your licensed insurance professional to review what is available.  It is important to insure if alcohol is served that liquor liability is included.

This insurance will protect the business if a customer gets intoxicated and causes damage or injury to themselves or others.

In addition to these unique coverage options, your restaurant insurance should cover workers compensation, property, and general liability.  Other specialty coverage that is available includes plate glass and signage.

If you have fine art displayed, there is coverage available as well as parking lot and valet insurance.  The commercial restaurant insurance policy should also cover food-borne illness.  Business income insurance is also an option to be considered by a restaurant owner.

Talk to your licensed insurance professional about whether a business umbrella policy makes sense to further reduce the risk of financial ruin from a liability damage lawsuit and award.

The restaurant business is a complex business.  Make sure you discuss the distinct aspects of your business with your licensed insurance professional so they can help you determine the appropriate coverage and deductibles to customize your restaurant insurance policy.

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