Are you considering opening your own restaurant? Insurance should be one of the factors you look into before you open your doors. You can find coverage that is tailored to your specific needs whether you are a:
- Family-style restaurant
- Fast food chain or franchise
- Find dining establishment
- Night club
- Tavern or pub
Some of the products and services you should look for when shopping for insurance for restaurants are the following:
- Risk consulting: This type of service will help you to identify and correct potential hazards and situations that might lead to slips, falls, burns etc.
- Specialty property coverage: This insurance option will cover loss or damage to your customers' personal property and also your own such as inventory, appliances etc.
- General liability coverage: You and choose from different types of coverage that handle accidental injury or death and cover medical payments due to injury or illness.
- Liquor liability: Most states require this coverage and regardless you don't want to be caught without it for your own and your patron's protection. It covers bodily injury or property damage resulting from the manufacturing, selling or distributing of alcoholic beverages.
- Commercial automobile liability: Valet parking coverage that is available to cover bodily injury or property damage or loss.
- Crime/Employee dishonesty: Protects you against the actions of your employees in regards to theft.
When you are comparing insurance companies that offer restaurant coverage plans be sure to check out their financial stability. You can do this through insurance ratings companies that track the financial strength of all insurance companies. Another good idea is to check with any organizations or associations you are a member of to see if they offer insurance for restaurants of your type. If you don't already belong to one it is a good idea.