Any business needs insurance coverage to protect its assets from accidents, theft, and disasters. While there is some overlap, different types of businesses need specific plans from their insurance companies. If you're starting a restaurant, here are a few of the ones most likely to apply to you.

What Commercial Insurance You Need for a Restaurant

1. Property Insurance

Business income, also called business interruption insurance, is a type of policy that will help replace lost income if your establishment has to close unexpectedly because of damage to your property. It is a type of property insurance that covers the recovery period before your business can reopen. Without it, your other policies, like equipment breakdown insurance coverage, may compensate you for damaged equipment or premises, but you'll still lose business while making repairs and replacements.

2. Restaurant-Specific Disasters

You rely on a supply of fresh, quality ingredients to feed your customers. When food is contaminated or spoiled, not only do you have to replace it, but you miss out on business while waiting for a new shipment. Food contamination spoilage insurance coverage will help you recoup all of these costs. You should also be specifically insured against sewer backups, as this event can be disastrous for a restaurant and requires specific cleanup procedures to make your establishment safe to eat in.

3. Liability

If anyone is injured on your property or their property is damaged, you may be responsible for paying their recovery costs. General liability insurance addresses this. If you serve alcohol, and an intoxicated person causes damages, that would not normally be covered under general liability, so you also need separate liquor liability coverage.

For insurance coverage policies that are tailored to your needs as a business owner, choose Charles Adams Insurance Agency in Ashland, KY. Serving Boyd County for over 100 years, they represent more than 10 national insurance providers, including Auto-Owners®, Safeco®, Peerless®, Zurich®, Ohio Casualty®, EMC®, Liberty Mutual®, Progressive®, Foremost®, and American Modern®. Visit their website for more information on their policies or call (606) 325-9709.