What coverage is missing at your restaurant? While every restaurant is different, there are a few basic coverages that 99% of restaurants need in order to properly protect their business:

• General Liability – This coverage protects restaurants from the most common claim; Slip and Falls. It can also defend and pay damages for Food Contamination issues and other times when a customer claims Bodily Injury or Property Damage. If you serve alcohol, Liquor Liability should be another part of your Liability coverage.
• Property Coverage – You’ve undoubtedly spent thousands or even million dollars of dollars building out your restaurant space. Proper Property Insurance is key in making sure that you can recover in the event of a fire or other claim. A Property Insurance policy can include coverage for Business Personal Property, Tenant Improvements, Buildings, Fine Art, and many other things. One of the most important Property Insurance coverages for restaurants is Business Income, or Business Interruption. This coverage pays lost income if your restaurant is closed due to a fire or other covered claim.
• Workers Compensation – Work Comp is a coverage that is required in order to protect your employees in the event that they suffer an injury while on the job. Workers Compensation pays for Medical Bills and Lost Wages due time missed because of an injury.
• Auto Liability – Even if your business does not own a vehicle, you may have Auto Liability exposure from employees and owners using their personal vehicles for work purposes. If you employ delivery drivers that drive their own vehicles, you have significant exposure to a lawsuit if they are involved in an accident. Coverage for employee-owned vehicles is know as Non-Owned Auto Liability Insurance.
• Employment Practices Liability – EPL Insurance protects your business from lawsuits brought by employees or former employees claiming Sexual Harassment, Discrimination, or similar issues. The policies will pay defense costs and damages.
• Cyber Liability – A good Cyber policy will provide protection to pay costs for a Data Breach or Ransomware attack. These risks are ever increasing in our connected world.

If you’d like a review of your insurance program, reach out to us today. At Statement Insurance Agency, we specialize in helping restaurants get the coverage they need and service they love, at a price they can afford. Fill out our online application HERE and let’s get started!