A restaurant is one of the most challenging businesses to own and run successfully. In addition to an attractive atmosphere and memorable eats, owners also require adequate insurance. Food service establishments are vulnerable to many of the same risks as other industries but also face some unique challenges. The following explores what kinds of coverage can help keep you on a strong financial footing in spite of mishaps.

Insurance Considerations for Your Restaurant

1. General Liability 

This is designed to cover you if a patron, vendor, or someone else is injured or has their property damaged while visiting your restaurant. There are several scenarios where this could happen—for example, a customer could slip on spilled food or drinks. In addition to paying for this incident, it will also cover the legal costs should a lawsuit be brought against you. 

2. Commercial Property 

Since restaurants operate out of a physical location, commercial property coverage is a must. It will pay for damages to the building, furniture, inventory, and equipment when caused by natural disasters or vandalism. This will ensure you’re able to make repairs or rebuild and replace the items you need to run your business should there be something like a kitchen fire. 

3. Liquor Liability 

If a restaurant serves alcohol, it needs liquor liability insurance. This will protect you if an intoxicated customer damages property, hurts another person, or commits a crime after leaving your dining establishment. You can be held responsible for their actions since they were served at your place of business.

4. Product Liability 

Any business that offers food for public consumption faces the risk of making a customer sick. According to the Centers for Disease Control and Prevention, an estimated 48 million people are affected by foodborne illnesses each year. If one of your diners gets food poisoning after eating at your restaurant, you can be held liable for the associated costs. Product liability insurance will help cover medical and legal expenses. 

Need guidance finding reliable and affordable insurance for your restaurant? Reach out to Michael E Glick Insurance. This agent understands the specific risks that affect the food service industry and will help ensure your policy contains all the coverage you need. Based in Boerne, TX, he has been providing residents throughout the central part of the state with the lowest available rates and highest quality products for nearly 30 years. Call (830) 816-9488 to receive a no-charge policy review on your existing coverage. Visit him online to request a quote.