Are you thinking about building your first restaurant? It is a pretty difficult task and there are a lot of things that you have to consider. One of the most overlooked things that you should consider is the restaurant insurance. This is not just a single insurance that covers everything; there are several different policies you can choose from and you should choose carefully to truly cover everything your restaurant needs.
To prevent you from having an expensive mistake, it is important that you understand the different insurance policies for your restaurant. When you can’t understand it, you better get yourself an agent that can help explain them to you. It is not enough for you to have read various commercial restaurant insurance review but instead you should hear what the insurance agents have to explain about their policy. Don’t rush things and make sure that you clearly understand it before signing any documents. Here are the insurance that you should consider.
Property Insurance is something that you should already have. If not, then go and get it because it saves you from too many expenses due to fires or any other instances that can damage your property. This is fairly simple policy and you can clearly understand this policy if you read the policy properly.
Get the workers compensation because most are required to get it. This is for your employees and they will be happier if they know you are taking care of their future in case an accident happens. This insurance can help shoulder the medical bill but it will also prevent them from getting everything from you. Some of those who do not have workers compensation insurance can be filed a case and they can be instructed to give the worker a very large sum of money.
Liquor Liability would be a great insurance against drunkards that go into your restaurant. Although alcohol and other liquors can attract more customers into your restaurant, it can also increase the risk of trouble inside your restaurant. This is because many people who are under the influence of alcohol fail to control themselves. When you have this kind of insurance, it can prevent you from closing because of a customer who had more than enough alcohol that he or she can handle.
The General Liability insurance is a cover that prevents the restaurant from being responsible or from being bankrupt just because a customer slips, falls or has food poisoning. It is one of the most common insurance restaurant gets to protect itself from the customers.
An automobile coverage should be taken when a restaurant owns any type of vehicle that it uses to deliver food. This insurance can be combined with other insurance, just ask your agent how to do this and ask his guidance to help you on determining just how much you need.
Customization of your insurance policy is possible and to do that you will need the help of an insurance agent. This will make the policy tailored to your needs and better for your restaurant.