Looking for Restaurant Insurance in Michigan?
Owning your own business can be a daunting task. Between the schedule managing, staff coming down with the mysterious sickness of the quarter, and especially unhappy clients.
We sadly can't resolve the issues listed above, but we can resolve a problem you might not even have thought of yet.
Liability Coverage for your Restaurant
Picture this; you have a client who specifically lets you know of a food allergy that must be avoided. Unfortunately, your kitchen staff not paying attention accidentally contaminates their meal with said food allergy. Not only does your client suffer from an extreme allergic reaction, but you are now wide open to a potential lawsuit.
See, things like this happen every day in our world. Although they might not happen daily in yours, our job is to protect you from the "what if."
Restaurant Liability policy components
Multiple " components " make up a solid Restaurant Insurance policy. Different companies may offer these as a "bundle," while they are a' la carte with others.
General liability insurance can help protect your business against claims for bodily injury, property damage, advertising injury, errors, or omissions. In addition, without this coverage, you may be responsible for paying out of pocket for legal costs, such as attorney fees and settlement amounts.
Loss of Income Insurance
What happens if you cannot open your restaurant due to a claim? This, in most cases, would cause significant hardship for you as a business owner. You wouldn't be able to serve your clients, which in turn means no income coming in.
This is where Loss of Income Insurance is imperative. Essentially, this coverage would allow you to have a "backup" plan if you could not generate an income due to a covered loss.
This would allow you coverage for damage to your building, inventory, or equipment. In addition, most policies would offer you a replacement cost coverage for these items so you could repair or replace these items for today's cost.
To ensure you have replacement cost coverage on property, it is essential to check with your independent insurance agent.
Crime and Vandalism Coverage
This would cover you if you had a claim due to a burglary, robbery, employee theft, or any vandalism to the property.
Here are a few examples of clients we work with and make sure their business is protected:
- Local Restaurants
- Food Trucks
- Catering Companies
- Food Delivery Restaurants
- Ice Cream Trucks
The list can go on and on.
Restaurant Liability Insurance for Small Business Owners
So how do you know if a restaurant liability policy is a good fit for your business? We recommend you call a local independent insurance agent like us and discuss your coverage options. Our agency can work with you in finding the perfect fit for your restaurant insurance needs.
Get a Quote for Restaurant Insurance
If interested, start a quote online or call our office.