It takes a lot to keep a restaurant running, and the slightest accident can bring business to a halt. You may find yourself facing significant lawsuits or financial losses without business insurance, which is why it’s vital to purchase the necessary policies. Below is a complete guide that ensures every aspect of your restaurant is covered.

The Must-Have Insurance Policies for Restaurants

1. Property Insurance

Property insurance covers everything from the silverware to the building. Should a fire destroy part of your kitchen or the dining area be damaged during a flood, this plan will reimburse the cost of repairs.

2. General Liability

A person that’s injured in your restaurant or on the premises may attempt to sue you for damages. Conditions range from slipping on ice in the parking lot to claiming food-poisoning from a meal—called “product liability.” Should you have to cover medical expenses for the person, your insurance plan will reimburse you.

These plans are also ideal if you’re renting a space. The building owner’s property insurance only covers them. A general liability plan ensures you’re covered if someone is injured inside of your restaurant.

3. Workers’ Comp & Unemployment

You’re legally required to purchase workers’ compensation and unemployment insurance. These plans cover employees who are injured on the job and can’t work or those that have to be let go during times of hardship. You could face penalties if you aren’t compliant, which is why it’s wise to work with a business insurance agent.

4. Liquor Liability

It’s not always possible to control intoxicated guests, especially once they’ve left. If they damage property or cause bodily harm to someone while intoxicated, you could be held accountable since you served them liquor. This liability insurance protects you if this situation arises.

5. Business Interruption

Natural disasters, pandemics, and other situations beyond your control may force you to shut down or face an extended period of little-to-no business. You may suffer from supply chain interruptions as well. Business interruption coverage will replace lost income temporarily, as well as costs for relocating to keep business going.

If you’re searching for a business insurance agent, Siemers Insurance Agency can assist. They’ve served the Ohio Tri-State area for over 60 years, and as a family-owned agency, are dedicated to ensuring clients have comprehensive coverage. They offer convenient umbrella plans or individual plans for auto insurance, life insurance, and commercial insurance. Call (513) 469-8877 to speak with an agent and visit their website to explore their plans.