Restaurant Insurance
Running a restaurant is difficult work. In addition to making sure expenses balance out at the end of the month, you have a rotating list of employees and deal with a large sector of the public. This presents many challenges, but no matter how prepared you are, purchasing restaurant insurance is an essential part of the protection recipe. Your restaurant insurance policy includes similar coverage types that can be found in the standard business owner’s policy, but it’s tailored to meet your specific needs. If you’re looking for a new insurance policy or simply need to update your existing coverage, a Green Peak insurance agent can help you get started today.
Common elements that make up restaurant insurance policies include:
- Business property: This covers damage from fire, hail or other events that damage either your building or equipment.
- Business liability: If customers are injured through an accident or mistake that happened on your property, this covers any resulting medical payments or lawsuits up to the coverage limit.
- Business income coverage: If you have to close your doors due to a covered loss, this coverage reimburses you for profits lost.
- Equipment breakdown: Whether lightning hit your oven or operator error caused the smoker to quit working, this coverage helps replace your essential equipment.
- Medical payments: This is additional coverage for medical payments for injuries that occur at your restaurants.
The amount of coverage you need will depend on a variety of factors including the size of your restaurant, the number of employees that work there, and where you’re located. Restaurants that sit by a river need flood insurance whereas those located in a mountaintop lodge might be wasting their money with that policy. The beauty of working with Green Peak insurance is that our experienced agents can tailor your restaurant insurance and find affordable rates by searching our extensive database. Contact us today to get started.
