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What Insurance Does My Restaurant Need?
Like every business, restaurants need insurance to protect them from the risks of having customers on the premises. However, restaurants themselves are a unique type of business, which means the risks they face every day are unique. Unique risks mean specific insurance needs! Check out this video detailing some different forms of insurance that every restaurant needs! General Liability Insurance Every business needs general liability insurance, and in this situation, restaurants are no different! Liability insurance covers any injuries or property damage that occurs on the premises. However, there is one unique form of liability insurance that every restaurant needs: product liability insurance. Product liability insurance ensures that you will have protection and the ability to cover a customer’s medical expenses if they were to get food poisoning from your food. Liquor Liability If your restaurant serves alcohol in any capacity, this form of insurance is vital. It protects the restaurant if someone injures themselves or others while intoxicated. Business Income Insurance Business income insurance has become essential in recent months due to the COVID-19 pandemic. This form of insurance ensures saves your restaurant from suffering significant income loss if your restaurant shuts down for any reason. Spoilage Insurance When... Read more