Restaurant insurance is the financial protection food entrepreneurs need so they can serve the public for many years to come. With the right coverage, the owner and their employees can concentrate on providing quality food and services to the public.
As the name implies, restaurant insurance is made to financial protect restaurant in the ‘just in case’ scenario with one section in the policy mandatory by the UK government. This includes any business that provides food and or beverages to the public. It can be a Fish and Chips establishment, tea houses along with fast food places like McDonalds.
The only legal requirement in a standard restaurant policy is if the establishment has one or more employees, by law the business has to take out employers liability insurance. This is protection to financially cover the costs of an injury or illness by an employee while they are working for the business.
There are two other areas of liability coverage that help protect against lawsuits by the public. These two areas include product and public liability insurance.
These optional covers are to help keep your business running when fire, flood or theft interferes with the normal operations of the restaurant.
Operating a restaurant that deals public daily is all about cleanliness, good food and great service. By keeping the kitchens clean and the equipment well maintained is one way to help reduce the risk of damage to the food and any possible pathogen that might be present. It is also advised to have a backup generator just in case of a power failure so the refrigerators and freezers can keep the food stored in them safe for consumption.
The right level of restaurant insurance can be the difference in how well and for how long your establishment can operate in the black. Because of this, a tailored made policy by an insurance agent or broker can help meet your needs in a budget you can afford.