Why You Need Restaurant Insurance

5 Facts About Restaurant Insurance

March 20, 2023

Your food and your service make your reputation. You need to be prepared and protected against unexpected risks that could harm your restaurant and your customers.

Here are 5 facts that you need to know about a restaurant insurance package:

1. Commercial Liability Insurance (CGL): This type of insurance covers claims made against your restaurant for injuries or accidents that occur on the premises, such as a customer slipping and falling. The usual minimum required in CGL is at least $2 million in coverage.

2. Commercial Property Insurance: It covers damage to your restaurant’s physical property, such as the building, equipment, and furniture.

3. Business Interruption Insurance: This covers lost income due to events that disrupt the operation of your restaurant, such as power outages or natural disasters.

4. Food Contamination Insurance: It deals with recalls or other issues related to contaminated food. It covers, for example, if a refrigerator breaks down or if a customer gets sick after eating at your restaurant.

5. Liquor Liability Insurance: It provides coverage for bodily injury or property damage for which you or your restaurant has been deemed legally liable as a contributor to the person’s intoxication.

Ask your Wyatt Dowling business expert to go over the details of a restaurant insurance package to protect your restaurant.