Do you own or manage a restaurant? The restaurant industry requires a great deal of work, but it can be very rewarding as well. There are specific risks associated with restaurants and insurance is a good method of transfer.
Here are a few common restaurant insurance issues you may want to better understand:
One of the single most important insurance coverages your restaurant or bar should maintain if you serve, sell, distribute, manufacture, or sell alcoholic beverages is Liquor Liability. Liquor Liability will defend you against charges, claims, and losses resulting from your negligence arising out of serving or selling alcohol.
If you serve a customer alcohol and they are involved in an accident, the injured party, and the person to whom you served the alcohol can both file a claim against your business for damages.
Liquor Liability Insurance is not included as part of a Commercial General Liability policy. In fact, most standard liability policies exclude Liquor Liability. Liquor Liability can be purchased as an endorsement to your Commercial General Liability policy or as a stand-alone policy. If you serve, sell, or facilitate the use or purchase of alcohol at your restaurant, bar, tavern, etc., it is important that you have this coverage.
Although uncommon, food poisoning can occur and is not limited to restaurants with poor hygiene standards or those who obtain their foods and ingredients from less-than-reputable sources. Guests can become sick from not only the food itself, but because of preparation and cooking methods.
Whether you are a large or small restaurant you know the employer – employee relationship has changed. Employers can no longer assume that all employment relationships will develop as planned. Finding a suitable Employment Practices Liability Insurance (EPLI) program has become one of the most important things owners and managers can do.
We have many more insurance products for restaurants and can create and deliver real solutions for you and your business. Contact us today.