Food Service And Insurance: 9 Must-Have Policies For Your Restaurant

​Getting into food service requires facing challenges that may not be prevalent in other industries. Fires and lawsuits, to name a few, are potential challenges for every restaurateur. To protect your business, here are the nine must-have policies: 

1. Business Interruption Insurance
   It covers damages because of unforeseen events such as bad weather and fire. Besides these, your business is also covered if your suppliers failed to deliver your orders and resulted in business interruption.  
   
   
2. Commercial General Liability Insurance
   Despite the numerous signs you place in your restaurant, accidents may still happen. If a customer files for injury claims, this type of insurance will cover it. Besides bodily injury, it also covers property damage caused by operations on the business premises. 
   
   
3. Commercial Property Insurance
   It covers specific incidents and pays you for damages caused by these incidents. These include the following: 
      - Equipment damages
      - Fires
      - Weather events
      - Theft
      - Vandalism
   
   Make sure to check the coverage before purchasing this insurance as some do not include natural disasters coverage
   
   
4. Food Contamination
   Your restaurant will heavily rely on cold storage systems such as freezers. In case of power interruptions and your supplies ended up spoilt, your insurance may reimburse the costs of spoilt food.
   
   
5. Liquor Liability Insurance
   You might be including a selection of fine wines and liquors in your drinks menu. This type of insurance covers lawsuits due to guests' actions after consuming alcohol in your restaurant.
   
   
6. Employment Practices Liability Insurance
   Sometimes, employees in food service make misjudgments and may result in lawsuits. It is the ideal insurance to provide you coverage from such outcomes. 
   
   
7. Worker's Compensation Insurance
   Employees may also file claims if they were injured while working at your restaurant. This insurance can help pay for their medical and legal expenses. 
   
   
8. Commercial Automobile Insurance
   When considering expanding to food delivery service or catering, purchasing vehicles is a must. Commercial automobile insurance is also a must-have since it provides coverage for incidents involving your company vehicles.
   
   
9. Cyber Liability Insurance
   Even small businesses can fall prey to cyber crimes and data theft. This insurance covers any losses due to data breaches and other cyber incidents. 

​
Conclusion
Running your restaurant can be challenging if you're not prepared to face potential risks. Your insurance can help you tackle these challenges while you focus on getting your business to success. 

At Pro Financials & Insurance Services, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (708) 233-8870. Get your free quote today by CLICKING HERE.