If you're planning on starting a restaurant and are currently trying to figure out the maze of what restaurant coverages you'll need, let us offer some advice. These are the basic, must-have coverages that any restaurant owner will need:
General Liability. This is one of the main types of coverage for any establishment. General liability will protect you from lawsuits if someone slips on a wet floor or gets hurt in some other way at your restaurant. It's a safety net for accidents.
Property. Your property insurance will help you out if your restaurant is damaged due to fire, vandalism, or weather. Ask about flood coverage as well.
Loss of Business. This will reimburse you for what you lose if your business is interrupted by a covered threat.
Liquor Liability. If you're selling alcohol, liquor liability is a necessity. It will repair damages caused by a drunken customer, or it can take care of lawsuits if a drunken customer hurts someone in your restaurant.
Workers Comp. Every business must have workers compensation by law. It funds medical bills for your employees if they get injured at work.
Commercial Auto (if you cater or deliver). This is just like auto coverage, only it's specifically for your restaurant.
We hope this gets you started on your way to insuring your restaurant. For more information on restaurant insurance or retail insurance of any kind, contact us today! We're Altman Insurance, and independent insurance agency based in Olympia, Washington.