Opening a business that serves food and drinks to the public is a big challenge but can pay off if it becomes a community hotspot. When an establishment is an attractive social center, it can thrive from word-of-mouth advertising. In order to shield your assets from potential lawsuits, you'll need the proper restaurant & bar insurance.
If you plan on opening a restaurant or bar, be aware of the various legal challenges that may arise. Food contamination can lead to multiple lawsuits if patrons get ill from the food they consume at your establishment. Carrying food contamination insurance will pay for such lawsuits. It's also wise to carry liquor liability insurance if your business serves alcohol to the public. This coverage pays for damage or injuries caused by drunk patrons.
Some of the most serious lawsuits against bars involve assault and battery committed by a patron or an employee such as a bouncer. If you want your club to have a vibrant atmosphere, it creates the risk of people pushing and shoving, which can lead to violence. Assault and battery coverage is an add-on type of restaurant & bar insurance that pays for injuries resulting from how your employees deal with brawls.
There are multiple ways to insure your establishment, as every restaurant or bar has specific risks based on location and the crowd it attracts. Here are the most important types of business insurance to consider first:
Exclusions are incidents that are not covered by an insurance policy. If your standard business insurance policy has exclusions, you can often still get coverage through purchasing extensions. Here are typical exclusions found in standard policies:
You need an experienced insurance team to help you customize restaurant & bar insurance for your venue. Contact us today at GrayStone Insurance Group, and our expert agents will help you cover your commercial and personal assets with the right insurance policy.