Running a restaurant can be thrilling, yet it entails notable risks. Securing a thorough insurance policy is a highly effective approach to reducing these risks. 

What Is Restaurant Insurance? 

Restaurant insurance helps provide coverage that protects your business, assets and employees. There are many risks associated with running a restaurant, which can be mitigated through having the proper insurance policy. 

What Does Restaurant Insurance Cover? 

Restaurant insurance typically refers to a combination of different types of insurance coverage, such as: 

• General liability insurance may help cover third-party bodily injury, property damage, product liability and advertising injury claims.
• Property insurance may help protect a restaurant’s physical assets, including the building, equipment, inventory and furnishings, against damages caused by fires or theft.
• Workers’ compensation insurance may help provide replacement income and medical benefits to employees who are injured or ill due to a work-related incident.
• Business interruption insurance may help compensate for lost income and operating expenses when a restaurant is temporarily unable to operate due to covered events.
• Spoilage coverage can reimburse the restaurant for financial losses due to food spoilage or contamination.
• Liquor liability insurance, applicable to establishments that serve liquor, can help if your business is sued after a patron you served becomes intoxicated and causes damages. 

Who Needs Restaurant Insurance? 

Restaurant insurance is essential for any individual or entity that owns, operates or manages a business that cooks and serves food, including the following: 

• Bars and taverns
• Cafes
• Coffee shops
• Diners
• Delis
• Food delivery services
• Fast food franchises
• Lounges
• Pizzerias
• Sandwich shops
• Caterers 

 
In short, any individual or entity in the restaurant industry should consider purchasing restaurant insurance to protect against the risks of operating a restaurant. Discussing your business’s needs with an insurance professional who can recommend coverage that suits your needs is essential. 

Why Is Restaurant Insurance So Important? 

Restaurant insurance is vital because it can help protect a business from unexpected events that could result in significant financial losses. Owning a restaurant or other food business comes with a certain amount of risk because kitchens can be dangerous, food can spoil and customers can get injured during their dining experience. Contact Sanguinetti & Co. Insurance Brokers to review your coverage options and ensure your policy protects your restaurant adequately.