Restaurant Insurance
Let us shop with our highly-rated carriers to find the best rate and protection for your restaurant insurance.
(877) 334-7646
Do you need restaurant insurance?
It’s pretty simple if you own a restaurant you need restaurant insurance. But you don’t have to shop for business insurance on your own. We understand the risks restaurant owners face on a daily basis, and we’re here to help. We can shop restaurant coverage with our highly-rated insurance carrier partners to get you the best protection and value.
Who buys restaurant insurance?
If your business serves any kind of food or drink, you’re going to need restaurant insurance before you serve your first customer. Moreover, it’s important to protect your restaurant with the best kind of coverage. We believe in small businesses and get to know restaurant owners so we can understand your unique needs to help protect your business. What types of restaurants should get business insurance:
- Cafes/Coffee Shops/Delis
- Fast Food Restaurants
- Ice Cream Shops
- Fine Dining Facilities
- Full-Service Restaurants
- Cafeterias
- Pizza Shops
What is the right insurance coverage for your restaurant?
As a restaurant owner, you never think it’s going to happen to your business. However, it can and sometimes it does. Planning ahead is the way to protect your business, and that means having the right coverage to protect your restaurant.
There are policies to help restaurant owner protect their employees, their operations, and their financial well-being. Here are some restaurant insurance coverages for you to consider:
Business Owner’s Policy
This policy bundles general liability, property, and business interruption insurance in one convenient bundle for the restaurant owner. It’s one of the most popular policies for small businesses.
Worker’s Compensation
This coverage can help cover medical expenses and lost wages for injuries and illnesses that occur on the job. In fact, this coverage is required by law in nearly all states. Get this coverage before you hire your first employee.
General Liability Insurance
General insurance is the most common coverage purchased by small business owners, including restaurants. This protection provides essential coverage if a customer is injured in your restaurant, or you cause property damage to others.
Commercial Auto
Driving risks are not covered by your general liability and property policies. Commercial auto covers the cost of accidents involving delivery or pick-up vehicles. It also provides coverage for vehicle damage from theft and vandalism.
Liquor Liability
Liquor liability can cover legal fees, property damage, and medical costs if your restaurant is negligent in serving a visibly intoxicated person who ultimately harms others. If your restaurant serves alcohol, this is a necessary protection.
EPL Insurance
Employment Practices Liability Insurance provides coverage for defense costs and damages related to employment claims. Restaurants with employees have exposure to allegations of wrongful termination, discrimination, and harassment.
How much does restaurant insurance cost?
There are many sites that will provide you with average or median business insurance costs. However, your costs can differ wildly from the average. Insurance for your restaurant will depend on the following:
- The amount of property insurance you require for things like restaurant equipment and property
- The classification of your restaurant and what services you provide (eg. serving alcohol)
- The annual revenues of the business
- Where is the business located
- How many employees
- Will there be deliveries
The best way to understand the insurance costs for your restaurant is to get a quote. We can shop your restaurant with our highly-rated insurance carrier partners and compare your coverage and premium.
Let’s Get Started
You provide us your information once and we’ll shop the
market for you. It’s fast, safe and secure.
Call 877-334-7646 to speak with a business specialist.
Got Questions about Restaurant Insurance?
There is no single answer to this question. The amount of coverage one business needs may differ wildly from another. However, the general liability limits are fairly uniform, and most small businesses select the customary $1,000,0000 / $2,000,000 limits. This provides most businesses with a secure limit of $1,000,000 per claim and an aggregate limit of $2,000,000 for the term of the policy.
Pro-Tip: When you consider which limit to select, with most general liability insurance and business owners’ policies, the legal defense cost is outside the policy limit. So, you only need to consider which limit to purchase for the purposes of covering your claims costs, not a legal defense.
Business personal property is coverage for property owned and used by your business. It’s a coverage included in a business owners policy.