When considering how to best protect your business, you’ll want to think about general liability insurance. You’ll want a policy that provides you with the coverage you need for the unforeseen. Tabak Insurance provides liability insurance for restaurants and can help you set up a policy specific to your eatery. You may want to start thinking ahead about what coverage would look like with your ideal policy.
What Is Included in General Liability Insurance?
General liability insurance provides protection for your restaurant from injuries, illnesses, and damage to property. One of the most common coverages for general insurance is for bodily injury to a person. This includes situations like a slip and fall or if someone is burned by food served too hot.
Property damage is another aspect of coverage. If one of your employees damages someone’s personal property, the insurance provider will pay for repairs or replacement. A general policy also protects you if the property you rent for your establishment is damaged.
General liability policies also cover you if someone sues you for damage to their reputation, such as slander or libel. If someone claims you infringed on their copyright or provided misleading advertising that caused them damage, you may be protected under general liability.
Some policies provide basic coverage for liquor liability. This coverage isn’t to be confused with a regular liquor liability policy, which is necessary for an establishment that serves alcohol on a daily basis. Your general policy may provide enough protection if you only serve alcoholic drinks on occasion.
What Add-ons Do You Need?
Along with the coverages found in a general liability insurance policy, you’ll want to think about additional coverage you might need for your restaurant. If you serve liquor along with food, you’ll need a separate liquor liability policy.
You may also need commercial property insurance, which will protect you from damage to your building. If your kitchen has a fire that causes damage that takes several weeks to repair, this type of policy will pay for the repairs and lost income during that time.
Some business interruption policies pay for temporary relocation until your establishment is repaired. This coverage usually only kicks in for major disasters.
When you combine all these types of coverage, you have a Business Owner’s Policy or BOP. This is a package that provides extensive coverage that applies to most restaurants.
How Much Coverage Is Necessary for Your Restaurant?
When creating your ideal general liability insurance policy, you’ll want to think about how much coverage you need as well as the types of coverage. Consider how much a lawsuit could be if a customer were injured at your establishment. Medical bills add up quickly, especially if one or more surgeries are required. The lawsuit may include rehabilitation costs and recovery care. If the injury is permanent, it may also account for loss of income as well as pain and suffering.
The team at Tabak Insurance can help you determine how much coverage you need to protect your business. They will provide you with a quote based on your ideal coverage limits. You will find that coverage is affordable even if you’re a small business owner just starting out. The exact cost for this kind of coverage will depend on the unique needs of your establishment.
Many unplanned events can happen with a restaurant, club, or bar. The more employees you have and the more people you serve, the greater your risk. The great benefit of working with Tabak Insurance is that your policy can grow with you. If you’re just starting out, you can begin with a smaller policy to cover the basics. As your business grows and profits increase, you can add to your coverage.
Get a Quote for General Liability Insurance With Tabak Insurance
Whether you’re just starting out or looking to save money on general liability insurance, you can contact Tabak Insurance for a quote. Discuss your coverage needs with a member of the team to get an accurate estimate based on your budget and goals.
Having the right type and amount of insurance is critical for a restaurant. Your business operates in a fast-paced environment, serving many customers. Your employees may handle property belonging to customers and deal with spills or falling objects that can cause harm to customers. They serve food and drink, which has the potential for injury to the patrons of your establishment.
To protect yourself and your business, you need to have the right type of liability insurance. Let Tabak Insurance work with you to create the ideal policy that meets your needs and fits within your budget. Contact us for an initial quote or to have your questions answered by our knowledgeable team. With a general liability insurance policy for your business, you can be prepared for the unexpected.
