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Business insurance is a lot more than just one type of coverage. In fact, it consists of multiple guards that protect your business against misfortunes unique to your industry. If you own a restaurant, after all, you need very different coverage than a veterinary clinic does. Restaurant owners must be concerned about slip-and-fall accidents, foodborne illness, and other risks. Here are some of the key coverages you need if you’re in the dining business.

4 Types of Business Insurance You Need for Your Restaurant

1. Property Insurance

Property insurance comes in two flavors. The first covers your business premises, while the second covers your furniture, equipment, and inventory. In both cases, you’re protected against fire, storms, vandalism, falling objects, and more. The latter also protects you against theft.

2. Liability Insurance

General liability coverage pays for repairs and medical costs if you or an employee accidentally injures a patron—or delivery person—or damage their property. It also covers any legal fees that might arise out of the situation. Slip-and-fall accidents are in this category but not food-related incidents.

3. Product Liability insurance

Insurance in Cleveland, GATo guard against foodborne illness, you need to purchase product liability insurance. For instance, if a patron gets food poisoning after eating at your restaurant, your product liability coverage will take care of the hospital bill and pay for lawyer fees and settlement costs.

4. Workers’ Compensation

Georgia requires businesses with three or more employees—full-time, part-time, or seasonal—to maintain workers’ compensation insurance. This pays for medical care for workers who sustain a job-related injury or illness and covers loss of pay while they’re unable to perform their duties. It benefits you as well since it lessens the chances you'll be sued. Employees who take advantage of the free medical care must agree not to seek additional recompense. 

 

For assistance designing a business insurance policy that covers all the potential perils your restaurant faces, contact Blocker Insurance Agency in Cleveland, GA.This independent agency has served clients in and around White County since 2008. They can also outfit you with auto, home, renters, life, and RV insurance for additional bundling savings. Visit their website to meet the team or call (706) 865-1072 to request a business insurance quote.

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