Public Liability Insurance For Food Business - Restaurant insurance usually combines several types of coverage to meet all business needs. For example, coverage for broken equipment, customer injuries and car accidents when collecting kitchen supplies.
A common way to combine coverage into one policy is through a business owner's policy (BOP). BOP insurance for restaurants typically includes property insurance, general liability insurance, business income insurance, and customs coverage.
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Restaurant insurance can vary depending on the specific needs of the business. For example, a restaurant may host special events or sell alcohol. It could be a fine dining restaurant or have a pizza delivery service.
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General liability covers injury and property damage claims against restaurants. For example, if a guest slips and falls in a restaurant, general liability insurance covers legal expenses, including settlements and judgments.
If a policy-covered problem (such as a fire) forces you to temporarily close or relocate your restaurant, business interruption insurance helps cover the costs.
Cover your building and its contents for problems such as theft, vandalism, storms and fires. "Contents" may include kitchen equipment, utensils, tables and chairs.
Do you use the vehicle to run a restaurant, such as picking up kitchen supplies or delivering food? If so, a personal auto policy will usually not cover business accidents. Commercial auto insurance covers vehicles used for business purposes.
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Unless you do all the cooking, cleaning and serving, you probably have employees. If they are injured or become ill on the job, workers' compensation covers medical bills and some lost wages.
There is no one-size-fits-all approach to restaurant insurance. Here are some additional options. A business insurance agent can help you identify the right options.
Business Income from Dependent Properties – If your restaurant is dependent on another business, such as delivering seafood or produce, and they are unable to deliver, this can affect sales. This coverage can help replace lost income.
Offsite Business – business property insurance usually only covers the primary place of business. If you take inventory, equipment, or other business-owned items off-site, such as for event catering, consider this coverage.
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Employment Practices Liability – This covers you if an employee claims their legal rights have been violated. These typically include discrimination, harassment, wrongful termination, and other issues.
Equipment Breakdown Cover - Kitchen equipment such as freezers and ovens are essential to a restaurant. If your equipment breaks down, it pays to repair and replace the equipment and covers lost revenue in the event of business interruption.
Food Contamination Coverage – If a government agency, such as a health board, orders you to close a restaurant, this helps cover lost income and other damages. For example, you may need to clean contaminated equipment, replace spoiled food, and advertise to bring back customers.
Liquor Liability – If your restaurant sells beer, wine or spirits, you will most likely want liquor liability insurance. If a customer has a few too many and starts a fight or causes a car accident after they leave, you could be liable. A general liability policy usually does not cover liability for alcoholic beverages.
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3 Types of Insurance You Didn't Know You'd Need Life Insurance for You and Your Family 6 Things You May Not Know Will Increase Your Insurance Costs What is flood insurance? Is your auto insurance ready? General liability insurance (GLI) is sometimes called business liability insurance or commercial general liability insurance. This type of liability insurance helps protect your business from claims that it caused bodily injury or property damage to others. Without general liability coverage, you will have to pay these claims out of pocket.
It's a question we hear a lot: "Does my small business need general liability insurance?" Chances are the answer is yes. With general liability insurance coverage, you'll have protection against claims from:
If a customer is injured at your place of business, this policy can help cover their medical bills.
Employees sometimes damage customer property while providing products or services. Your GL policy can help pay for the damage.
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General liability insurance policies can help cover malicious prosecution, libel, slander, wrongful eviction and violation of a person's privacy.
If your rental property is damaged by fire, lightning or an explosion, your general liability policy can help pay for the repairs.
General liability insurance does not help cover all injuries or damages in every situation. For example, medical expenses for injured workers are not covered by this policy. General liability insurance also does not cover lost wages for injured workers. Instead, you'll need workers' compensation insurance.
Did you know that four out of 10 small business owners are likely to experience a property or general liability claim in the next 10 years?1 Claims range from unexpected incidents, such as a burglary, to unforeseen accidents, such as a customer being injured after a slip and fell.
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We strive to provide our customers with the best coverage at the best possible price. We know the needs of small business owners in Hartford. General liability quotes vary, but we can give you a quote today so you know what it will cost you. Just remember that general liability insurance costs are different for everyone because every business is unique. Insurance companies use different factors to determine costs.
For example, costs vary by state because one factor an insurer may use is location. Other factors that insurers may consider include:
You can save money on general liability insurance costs by bundling, such as a business owner's policy (BOP). It combines general liability coverage with commercial property insurance and business income insurance.
Liability insurance helps protect you against costly general liability claims that can occur during normal business situations, such as:
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You may also need this coverage if your clients request it. Many clients want to confirm that you have general liability coverage before they sign a contract with your business. With a certificate of liability insurance, you can prove that you have general liability insurance. Get more protection for your business with commercial auto insurance that covers you, your employees and the vehicles you drive, rent, lease or own.
State laws generally do not require business owners to carry general liability insurance. But it's still a good idea to have this liability insurance. If a client sues your business and you don't have coverage, it can threaten your business finances and your personal assets.
It is important to understand your state's insurance laws. Work with a local insurance agency or our small business insurance team to help you choose the right business liability insurance.
Forming a limited liability company (LLC) separates your personal assets from your business. However, you are still exposed to liability claims that can put your business at financial risk. A limited liability insurance policy can help protect your LLC and cover claims that it caused bodily injury or property damage to others.
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A professional indemnity insurance policy helps protect your business against claims that it has made an error or mistake in the professional services provided. This coverage is also known as errors and omissions insurance or E&O insurance.
As a top multinational carrier, we face catastrophic exposure on a daily basis. We will work with you to minimize the impact of general liability claims on your business.
Our risk engineering team can help keep your employees safe with one-on-one risk management consultations and safety seminars.
Not all insurance companies are the same. It's important to work with someone you can trust. We have over 200 years of experience helping small business owners protect their businesses with coverage such as general liability insurance.
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Whether you're looking for a quote, trying to understand common liability class codes, or helping you file a claim, we've got your back.
To learn more, start a free quote, get your general liability insurance online. We can also help you get other essential business covers, such as commercial property insurance and commercial car insurance.
When you're ready to get a general liability quote, you'll want to have the right information on hand. This includes:
1 The Hartford, "The Hartford Reports: More than 40 percent of small businesses will experience a claim in the next 10 years"
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2 Premium amounts offered are based on the monthly premium paid by The Hartford Small Business customers between 1/1/21 and 12/31/21 for 12-month policies. The premium is derived from a number of factors specific to your business and may vary.
The Hartford shall not be liable for any damages in connection with the use of any information provided on this site. Please consult your insurance agent/broker or insurance company to determine specific coverage needs as this information is intended to be educational in nature.
The information on this page should not be construed as specific legal, personnel, financial or insurance advice and is not a guarantee of coverage. In the event of a loss or claim, coverage provisions are subject to policy wording, and any potential payout will be determined upon investigation of the claim.
Certain coverages vary by state and may not be available to all businesses. All Hartford coverages and services described on this page may be offered by one or more affiliates of The Hartford Financial Services Group, Inc. property and casualty insurance company. which is specified in the Legal notice.
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Hartford Financial Services Group, Inc., (NYSE: HIG) does business through its subsidiaries under the trade name The Hartford, headquartered in Hartford, CT. For further details,
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