Your restaurant is your livelihood. Whether you operate a small deli, a mid-town café, or an upscale lakefront restaurant, eateries of all types and sizes need restaurant insurance that protects against the unique risks of dining establishments. Your business faces new risks every day as well. Have you considered what would happen if:
- A power outage caused all your food to spoil?
- An employee sliced her hand opening while cutting vegetables?
- A customer slips on a wet floor?
- A customer is in a car accident after being over-served by your bartender?
- A fire destroys your dining room and kitchen?
There are endless scenarios that could cost your business money. Preparation is key to protecting your business from the risks you face as a restaurant owner.
Restaurant Insurance in Lake Geneva
At Glass Insurance Center, we know your one-of-a-kind restaurant needs more than good coverage; it needs a customized restaurant insurance package that protects your financial interests no matter what comes your way. Some of the restaurant coverages we offer include:
Property Insurance
Chances are your business owns a lot of property. Even if you rent your building, your kitchen equipment, furnishings and other property are all at risk of fire, storms, theft, and other covered events. Property insurance helps cover your restaurant’s physical location, as well as the tools you use to operate your business.
Liability Insurance
Liability is a major risk exposure for restaurant owners. Lawsuits for medical bills and other losses related to falls, food poisoning, and other events can cost thousands of dollars. Liability insurance helps cover your financial liability and protect you against litigation from customers, vendors, and other individuals.
Workers Compensation
It takes many hands to run a restaurant. From counter service and food trucks to fine dining and catering, you rely on your employees to get you through each day. If one of them develops a work-related injury or illness, you could be held liable. Workers compensation insurance helps pay employee medical expenses and lost wages following such an event. It can also help protect you from lawsuits stemming from workplace accidents.
Commercial Vehicle Insurance
Many restaurants own one or more vehicles, whether for home delivery or catering. In fact, the increased popularity of food trucks means more and more restaurants are based out of mobile units rather than static locations. Business auto insurance helps protect you and your employees when business vehicles and personal vehicles used for business purposes are involved in an accident.
Loss of Income
When damages to a business are severe enough to close the doors, it means a loss of income for owners and workers. Fortunately, you can purchase insurance that helps cover the payroll and bills when your business is temporarily closed due to a covered event.
Additional Insurance
There are many components that make a restaurant tick. The unique needs of food service providers often require additional coverage outside of that which is available in a traditional restaurant owner’s insurance package. For example, you might need extra protection for a complex POS computer system or liquor liability protection if you sell alcohol.
You might also need food contamination coverage, as even the cleanest restaurants could serve contaminated food to a customer by mistake. The cost of replacing the food, professionally sanitizing your equipment, and testing employees can be exorbitant, not to mention the loss of income if authorities temporarily close your restaurant.
If you own a restaurant in Lake Geneva or the surrounding areas, we want to help find the coverage you need to protect your business. Contact our office today to schedule a consultation
