The last thing any restaurant owner wants to be worrying about is what will happen if a customer gets sick from the food or if an employee injures themselves in the kitchen. Business insurance can help protect you financially and provide peace of mind. With all the different kinds of insurance coverage available, here’s what you need to know.

Business Insurance You Need for Your Restaurant

1. General Liability Insurance

A must-have insurance policy for any business is general liability. This is what protects you in the event a customer gets hurt or sick while on your premises. In a world where it’s easy for anyone to sue, this is coverage you do not want to be without.

If you serve liquor, consider also adding liquor liability coverage. This protects you legally if you misrepresent a drink or serve an underage customer, among other scenarios. Liquor liability is not required in Wisconsin but may be something worth exploring.

2. Property Insurance

Property coverage for your restaurant will help cover damage caused by a fire, vandalism, and in some cases, other natural events like storms. If you have a loan on your restaurant, the bank will require you to carry this coverage.

If you are leasing your restaurant space, the building is likely already covered by the owners. However, you will still need a policy that will cover all of the belongings you own inside of the building.

Be aware — insurance coverage can vary wildly, so you should speak with your agent to know exactly what your property insurance covers.

3. Worker’s Compensation

Worker’s compensation, also known as employee insurance, covers the costs associated with an employee getting hurt at work. This insurance is mandatory for almost all businesses within the state of Wisconsin. It can help cover the medical costs and lost wages for an employee who has been injured on the job.

Are you sure you have the coverage you need? The insurance experts at Northwoods Insurance Agency can create the perfect policy for your restaurant. Located in Crandon, Wisconsin, Northwoods Insurance Agency has been in business for over 30 years and knows that no two businesses are alike. Check out their website to learn more or call them at  (715) 478-2215 to request your business insurance quote today.