Top Restaurant Insurance Coverages all restaurants need. Restaurants are a popular business, but they can also be risky. From slip-and-falls to food poisoning, there are many things that can go wrong in a restaurant. That’s why it’s important for restaurants to have insurance.

Insurance can help protect restaurants from financial losses caused by accidents, injuries, and property damage. It can also help protect restaurants from legal claims.

There are several different types of Restaurant Insurance Coverages that restaurants should have.

• Liability insurance: This insurance protects restaurants from claims arising from accidents or injuries that occur on the restaurant’s property.
• Property insurance: This insurance protects restaurants from losses caused by damage to property on the restaurant’s property.
• Business income insurance:This type of insurance protects the restaurant from financial losses caused by a business interruption, such as a fire or flood.
• Umbrella insurance: This insurance provides additional liability coverage beyond what is typically provided by a standard restaurant liability policy.
• Liquor liability insurance: This protects the restaurant from claims arising from accidents or injuries that are caused by the sale or service of alcohol.
• Hired & non-owned auto liability: This insurance protects restaurants from claims arising from accidents or injuries that occur when their employees or drivers are operating a company vehicle.
• Workers compensation insurance:This type of insurance provides financial assistance to employees who are injured on the job.
• Employment Practices Liability Insurance: Covers businesses & business owners against claims by workers, employees or ex-employees that claim their rights as employees have been violated.

By having the right insurance, restaurants can protect themselves from financial losses and legal claims. This can help ensure the long-term success of the restaurant.

#1 Top Restaurant Insurance Coverages: Liability Insurance

Liability insurance is one of the most important types of insurance for restaurants. This type of insurance protects the restaurant from legal claims arising from accidents or injuries that occur on the restaurant’s property.

For example, if a guest slips and falls on a wet floor in the restaurant. Your restaurant’s liability insurance can help pay for the guest’s medical expenses and any other damages.

#2 Top Restaurant Insurance Coverages: Property Insurance

Property insurance is another important type of insurance for restaurants. This type of insurance protects the restaurant from financial losses caused by damage to property on the restaurant’s property.

For example, if a fire damages the restaurant’s kitchen, the restaurant’s property insurance can help pay for the repairs.

#3 Top Restaurant Insurance Coverages: Business Income Insurance

Business income insurance is a type of insurance that protects the restaurant from losses caused by a business interruption, such as a fire or flood.

For example, if a fire closes the restaurant for a week, the restaurant’s business income insurance can help pay for the lost revenue.

#4 Top Restaurant Insurance Coverages: Umbrella Insurance

Umbrella insurance is a type of insurance that provides additional liability coverage beyond what is typically provided by a standard restaurant liability policy.

This type of insurance can be helpful in protecting the restaurant from large lawsuits.

#5 Top Restaurant Insurance Coverages: Liquor Liability

Liquor liability insurance is a type of insurance that protects the restaurant from legal claims arising from accidents or injuries that are caused by the sale or service of alcohol.

For example, if a guest is served too much alcohol and then gets into an accident, the restaurant’s liquor liability insurance can help pay for the guest’s medical expenses and any other damages.

#6 Top Restaurant Insurance Coverages: Hired & Non Owned Auto Liability

Hired & non-owned auto liability protects the restaurant from legal claims arising from accidents or injuries that occur when their employees or drivers are operating a company vehicle.

This type of insurance can cover a wide range of incidents, including slip-and-fall accidents, customer injuries, and damage to customer property.

#7 Top Restaurant Insurance Coverages: Workers Compensation Insurance

Workers compensation insurance provides financial assistance to employees who are injured on the job. This type of insurance can cover medical expenses, lost wages, and death benefits. Workers Compensation provides coverage for incidents that occur on-the-job. This is unlike disability insurance which provides coverage for injuries that occur off-the-job.

#8 Top Restaurant Insurance Coverages: Employment Practices Liability Insurance

Employment Practices Liability Insurance, or EPLI covers businesses & business owners against claims by workers, employees or ex-employees that claim their legal rights as employees have been violated.

For Example: This can apply to wrongful termination, gender discrimination, sexual harassment, as well as ADA Compliance. Furthermore, EPLI can include 3rd party coverage. A recent slew of lawsuits have been arising for clientele claiming a lack of American Disability Act compliance and lack of accessibility to restaurants. These have resulted in 3rd party ADA EPLI lawsuits. In fact, one man is alleged to have filed almost 200 disability lawsuits against restaurants. ¹

#9 Top Restaurant Insurance Coverages: Assault & Battery

Assault & Battery: Restaurants can be a place for conversation. And, with conversation can come conflict. Assault and battery coverage, or a policy that does not have an assault and battery exclusion can provide coverage in the event there is an altercation that results that your restaurant is sued for.

Are there other important Restaurant Insurance Coverages? Yes.

These may be some of the more important restaurant insurance coverages, however there are others that are certainly worth mention. For instance, off premises power utility coverages, food spoilage, foodborne illness, commercial auto insurance, pollution, cyber liability & data breach, and intellectual property insurance.

Medical Payments

If someone is injured by you or at your business site, the policy may pay for medical and funeral expenses incurred, up to policy limits, within one year of the accident. For example, if a customer tripped and fell on your premises and had to be hospitalized.

Personal Injury

Most Restaurant Liability Policies provide coverage if you are accused of:

• • Publishing inaccurate information that slanders or libels a person or organization.
  • Publishing material that violates a person’s right of privacy.
  • Falsely arresting, detaining or imprisoning someone.
  • Maliciously prosecuting someone.
  • Wrongfully evicting someone.

Advertising Injury

In the course of advertising your company’s own goods, products or services, this policy may provide valuable liability protection against advertising injuries resulting from:

• • You publishing inaccurate information that slanders or libels a person or organization
  • Your printing material that violates a person’s right of privacy
  • Defending you for copying some other company’s advertising ideas or style of doing business
  • Coming to your defense for infringing on another company’s title or slogan.

Property Damage Liability

Perhaps your business causes damage to, or causes the loss of use of someone else’s property, property damage coverage may pay for the value of the physical damage to the property; or the loss of use of that property.

By having the right insurance, restaurants can protect themselves from financial losses and legal claims. This can help ensure the long-term success of the restaurant.

So you may be asking, What is the average cost of restaurant insurance?

Although this might sound like a good question, the average cost of restaurant insurance is immaterial; for a small take out operation, your insurance may be as low as $500.00 a year, for a multi-million dollar 5 star yacht club restaurant it could very well be in the 6 figures. Your restaurant insurance will depend on several factors: sales, size, property values, liquor sales, seating, employees, payroll…Request a Restaurant Insurance Quotefrom us, there is no obligation, at it will be tailored to your operation, not an average or a median.

¹ The Man Who Filed More Than 180 Disability Lawsuits: NY Times July 21, 2021https://www.nytimes.com/2021/07/21/magazine/americans-with-disabilities-act.html