When starting or acquiring a business, one of the most significant aspects to consider is your insurance coverage. For restaurants, there are many options for business insurance, and it can be overwhelming to find what’s best for the establishment. Below are several types of insurance coverage that every restaurant owner should have. 

3 Types of Insurance for Restaraunt Owners 

1. General Liability

Restaurants need general liability insurance for protection against bodily injury, property damage, and product defects. This policy may cover many potential problems, such as someone falling in your restaurant or getting a foodborne illness. Depending on the inclusions, a general liability policy may also cover accidental damage to a rented space, such as a kitchen fire that harms the property. You should review this policy with a knowledgeable business insurance agent to make sure you have adequate protection.

2. Specific Liability

While general policies cover many aspects, picking up additional liability coverage for particular incidents is essential. For example, a restaurant owner should consider liquor liability insurance if they serve alcoholic beverages, or an employment practices policy to cover harassment, discrimination, and other issues that could involve employees. Other useful types of coverage include loss of business, workers’ compensation, and an umbrella policy.

3. Commercial Property

There are multiple types of business policies that can benefit restaurant owners. You can choose policies for specific issues, such as a sewer backup, interruptions to your gas, sewer, electric, or garbage services, or food spoilage. Also, consider business insurance for property that’s specific to your restaurant, such as art, cooking equipment, or expensive fixtures. Usually, policies exist to cover anything you might worry about replacing. 

If you own a new or existing restaurant and need help with insurance, contact Hummel & Plum Insurance Agency in Chillicothe, OH. This full-service agency provides business coverage, as well as home, auto, health, life, and farm insurance. Their talented team can help you assemble an insurance package with coverage for all your needs. For more information about their insurance options, visit them online. Call (740) 773-1620 to receive a quote from a representative.