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 every day in yours, our job is to protect you from the “what if.”
Restaurant Liability policy components
There are multiple “components” that 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
This coverage is going to protect you from a variety of potential claims. Some of these examples can be bodily injury, property damage, personal injury, and others that can come up if you are found negligent.
Loss of Income Insurance
What happens in the event you are unable to open your restaurant due to a claim? This is 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 in the event you were unable to 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 to 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.
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 Started for Restaurant Insurance
Whether you need Business Insurance or a combination of coverages, our team of specialists can find a coverage plan that offers complete protection from the unexpected. So if you’re interested, start a quote online, or give our office a call. The team at Mason McBride is happy to assist.
Either way, we’ll make the process easy!