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Restaurant Insurance

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.

What businesses need restaurant insurance?

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.

What is required by the government that has to be in a standard restaurant insurance policy?

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.

What else does a standard restaurant insurance policy contain?

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.

  • Product liability insurance is protection if a third party files a claim against your establishment due to damage caused to them or any of their property. This can include but not limited to a person becoming ill after consuming the food your establishment provides or a coffee stain on a blouse.
  • Public liability insurance is protection when a claim is filed against your restaurant is when a member of the public slips on your premises and is injured or other accident occurs. It also protects when a claim is made that the owner or a member of the staff causes damage to a third party’s property.

Are there any optional coverage's for restaurant insurance?

These optional covers are to help keep your business running when fire, flood or theft interferes with the normal operations of the restaurant.

  • Content and stock cover helps to provide the funds if the inventory you have on hand is destroyed, stolen or damaged due to causes out of your control.
  • Business interruption cover provides the funds to get the restaurant back to being operational if it has to close due to damage to the building or other reason the business can’t open for business.
  • Money cover is protection if your restaurant is held up or the night's receipts are taken by a third party while in transit to the bank.

How can I save money on restaurant insurance?

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.