Get proper restaurant insurance because there is literally a fire in the kitchen. Almost all restaurants will benefit from general liability insurance and commercial property insurance. Many times these two policies are bundled in a Business Owners Policy (BOP). BOP combines liability coverage and commercial property coverage in a single policy. Some restaurant can also benefit from additional types of coverage.
General Liability Insurance
General liability insurance is the most basic type of insurance a restaurant requires. It provides the business with protection in case someone gets hurt in your establishment. This insurance will protect against lawsuits resulting from negligent acts and dangerous conditions. For example it will cover the restaurant if the food causes food poising to its customers. It will also cover accidents like when a customer slips and falls.
Commercial Property Insurance
When you are dealing with a restaurant, the term “commercial property” refers to any building, property or unit that is used to carry out the restaurant’s business. Business owners should consider protecting their inventory, property and equipment with commercial property insurance. Commercial property insurance insures the business property against incidents like vandalism, storm damage, theft, and fire.
Worker’s Compensation Insurance
Worker’s Compensation Insurance protects employees that are injured on the job. The State of Michigan outlines which businesses are required to have Worker’s Compensation Insurance. Usually a restaurant with employees is required to have Worker’s Compensation Insurance.
Commercial Auto Insurance
Car accidents are a leading cause of workplace injuries. Does your restaurant uses a vehicle for business purposes such as making deliveries? If you answered yes, then you will most likely need commercial auto insurance.
Conclusion
Having proper restaurant insurance in place is good for the business. At E&Y Insurance Agency we will work with you to come up with an insurance plan for your restaurant that takes into account the benefits, flexibility, costs, and the risks and liabilities. Give us a call at 248-362-1313 or fill the form below and we will be happy to guide you through the process.
