Businesses and companies have many responsibilities. One of those responsibilities is having insurance protection for their business. The type of insurance most businesses have is called commercial insurance. While commercial insurance is a good fit for most business owners, restaurants have other needs that are not enough with commercial insurance alone. Instead, restaurants need restaurant insurance.
What is restaurant insurance?
Restaurant insurance has many types of coverage you can add to your policy to suit your insurance needs. Below are some of those coverage options you can choose from – Gantt Agency is here to assist FarmVille, VA area restaurant-owners to get the best coverage for their needs.
General liability insurance
General liability covers property damage and bodily injury claims. If someone slips and falls in your restaurant, your general liability insurance will take care of it.
Product liability insurance
If something you sell goes bad and makes someone sick, product liability insurance will cover the claim.
Liquor liability insurance
Some restaurants sell liquor. If you are one of them, you need liquor liability insurance. If someone gets drunk in your restaurant and hits someone on their way home, your insurance would cover the person they injured.
Assault and battery insurance
Sometimes fights may break out between patrons. If a fight breaks out and someone gets injured, assault and battery insurance would take care of their costs.
Automobile insurance
Some restaurants have options that require the use of restaurant-owned vehicles. If that is the case, you need insurance for those vehicles.
Worker’s compensation
Worker’s compensation is required for any business that has employees. This is the same for restaurants. It takes care of your employees if they get injured because of the job.
Equipment breakdown insurance
Sometimes equipment breaks down. When this happens, it can be expensive to replace. This is where equipment breakdown insurance comes in.
Spoilage insurance
When food goes bad or gets contaminated, spoilage insurance can replace the cost of the damaged food.
How is restaurant insurance different from commercial insurance?
There are a few differences between restaurant insurance and commercial insurance. Commercial insurance does not include spoilage insurance, liquor insurance, or product liability insurance.
Reach Out To Us
Contact us at Gantt Agency in FarmVille, VA for more information. We are happy to assist.