If you run a commercial kitchen or eatery, you need a particular type of business insurance policy that covers the specific risks you face. Restaurant insurance, as it's known, is an essential risk management tool for your type of business. Below are some of the key hazards this type of policy covers and the reasons why it's so important.

What Does Restaurant Insurance Cover?

A restaurant insurance policy protects you against various types of liability. For instance, if someone slips and falls on your premises, general liability insurance pays for any needed medical treatment and repairs to damaged property. Liquor liability coverage protects you in case a patron overindulges and is subsequently injured in an accident. Umbrella coverage extends the liability coverage limits of your underlying business policies to cover high medical or legal fees.

Restaurant insurance also covers food spoilage and business interruptions in the event a fire or storm temporarily closes your business. Finally, it covers workers’ compensation, which pays for medical treatment if you or an employee suffers a workplace injury or illness.

Why Is Restaurant Insurance So Important?

The cost of liability coverage is insignificant compared to the amounts for which you could be held liable after an accident. Medical costs and legal fees can quickly reach tens — or even hundreds — of thousands of dollars. Unless you have this amount of money lying around in case of catastrophe, a single unfortunate event could put you out of business.

Moreover, North Carolina law requires any employer with three or more employees to purchase a workers’ compensation insurance policy. Failure to do so could result in financial penalties or even jail time.

To design a restaurant insurance policy that meets your needs and fits your budget, contact A Better Choice Insurance Agency in Concord, NC. They have been a fixture in Cabarrus County for more than 25 years, so they have the industry expertise to get you the best rates. They also specialize in home, life, RV, and auto insurance, making them a one-stop solution for all your coverage needs. Visit their website to learn more about their services or call (704) 782-2073 to speak with an experienced professional today.