Having a restaurant is a rewarding, exciting venture. It allows you to explore both analytical and creative pursuits while also interacting with new people every day. Before you can get your shop up and running, though, you need to invest in the proper protections. Here’s why adding a business insurance policy should be included on that list. 

3 Reasons Restaurant Owners Should Purchase Business Insurance

1. Injury Liability Protection

Unfortunately, it isn’t uncommon for restaurant-goers to slip on wet floors or trip if they run into waiters. If they sustain injuries in these scenarios, the business will be held liable for any of their medical expenses. Luckily, business insurance covers patrons’ medical bills and, in some cases, legal claims like attorney’s fees, settlements, and court costs.

2. Fires & Other Disasters

When your kitchen gets busy, the chances of having a fire increase. If a fire does occur, the smoke and flames may spread quickly and damage your building and equipment. Repairing these damages can be costly, but if you have a comprehensive business insurance policy in place, you won’t have to pay out of pocket. Instead, your coverage will kick in to provide compensation for these expenses.

3. Food Poisoning Claims

Unfortunately, food poisoning sometimes comes with owning a restaurant. It can be easy to mishandle products or misjudge the age of food accidentally. These mistakes can put guests at risk of several illnesses, including salmonella and E. coli. If patrons become ill after eating contaminated food, they will have every right to sue the restaurant for their associated expenses. Luckily, if you have business insurance, these costs will be covered.

If you're ready to invest in a business insurance policy for your restaurant, turn to the team at K.L. Smith Agency in Willimantic, CT. Since 1956, they’ve helped customers create comprehensive insurance policies to suit their needs perfectly. Call (860) 423-9294 or visit them online to request a quote today.