When you open a restaurant, make sure it’s protected by the right kinds of insurance. There are several restaurant insurance options, like general liability, liquor liability, and workers’ compensation policies. Tabak Insurance offers a range of policy types to protect restaurant owners, property, and employees. Here are seven different restaurant insurance types that we offer:
1. General Liability
General liability insurance is required by many states for restaurant owners to run their businesses. This insurance protects your restaurant from third-party claims like property damage, libel, negligence, or injuries. The policies also protect your finances while the incident is being investigated. If claims are submitted against your restaurant, you can use this insurance to cover legal and medical expenses.
2. Liquor Liability
Liquor liability insurance is needed if you plan to serve any alcohol at your restaurant. It protects you from damage that occurs when customers are overserved alcohol. If intoxicated customers hurt themselves or other parties or if they cause damage to the property, the liquor liability policy will help pay for damages. This coverage also includes injuries from accidents that occur due to intoxication at your restaurant. Tabak Insurance crafts liquor liability policies for restaurants in states with dram shop laws to minimize the financial impact of claims.
3. Property Insurance
Property insurance covers physical damage that happens on the premises. This includes damage from fires, natural disasters, or theft. This type of restaurant insurance covers the cost of damages, so you won’t lose more income to make necessary repairs. Our team can help you customize your property insurance policy to provide the right type of coverage for your restaurant size.
4. Workers’ Compensation
Workers’ compensation covers any injuries your employees experience while working. They’ll receive medical care if they get injured or sick at work. Some states require business owners to purchase this coverage, while others have specific rules for when employees can make workers’ compensation claims. Tabak Insurance can go over the policy with you and answer any questions you might have about covering your employees’ medical care and income after injuries.
5. Business Owner’s Policy
A business owner’s policy includes several types of insurance to protect against general risks your restaurant may face. You can customize it to include business interruption, general liability, and commercial property policies. You may add or adjust policies for better coverage or remove sections that don’t pertain to your business.
6. Errors & Omissions Policy
Errors and omissions insurance helps protect you and your business from the consequences of professional mistakes. These errors may include advice that was given, typos and other errors in contracts, and professional negligence. If a service is not provided as promised, or if injuries occur due to negligence, this policy helps protect your restaurant from financial strain and reputational damage.
7. Directors Insurance
Tabake Insurance’s directors and officers coverage works like a business owner’s policy. It can cover one or more directors or officers and mistakes they’ve made. This includes claims from mergers, failure to disclose information, and legal defense costs. If you have a larger restaurant with a board or more prominent investors, this policy will help protect them.
Find the Right Restaurant Insurance
Tabak Insurance provides customizable plans that cover your restaurant’s and employee’s specific needs. Comprehensive coverage protects your business from claims related to negligence, lawsuits, injuries, and property damage. Contact us today to learn more about our coverage options for your restaurant.
