Restaurant Insurance In Florida

Business insurance is important to restaurant owners. Risks like slip-and-fall injuries or spoiled food can lead to lawsuits, so you need a general liability policy. Equipment damage and resulting business disruption is a risk, so a business owner’s policy, which includes general liability, is recommended. That policy also covers fires caused by your kitchen equipment and can include coverage for spoilage caused by mechanical failures.

What are the Different Types of Restaurant Insurance?

Workers’ Compensation Insurance

If you have one employee or more, most states require you to have workers’ compensation insurance. This type of insurance helps cover medical expenses and lost wages if an employee gets injured while working.

General Liability Insurance

This type of insurance gives restaurant owners financial protection in the event of an accident or damage. While it’s not required by law, you may have a contract or lease agreement that requires you to have general liability insurance. On average, the cost of general liability claims (like for food poisoning) cost anywhere from $6,330 for fast-food restaurants to over $2.6 million for fine dining restaurants. General liability insurance helps cover claims such as: damage to customer property, copyright infringement, libel or slander, legal and medical expenses related to customer injury or foodborne illness. Overall, general liability insurance is a basic way to financially protect your business just in case something unexpected happens.

Property & Liability Insurance

This type of insurance is also referred to as a business owner’s policy. That’s because it offers fairly comprehensive coverage for your restaurant business. The policy includes coverage for everything under general liability insurance, plus coverage for property your business owns and lost income in the event of damage to your business’s property. You can even customize your property and liability policy with additional coverages for things like liquor liability or equipment breakdown.

Umbrella Insurance

This type of insurance is an added layer of financial protection. It gives restaurant owners like you extra coverage when your claim exceeds the limit of a general liability or commercial auto insurance policy you already have.

Commercial Auto Insurance

If you own vehicles that are used for any part of your restaurant business, like transferring food for catering or making deliveries, then you most likely need commercial auto insurance. This type of insurance can provide coverage for legal and medical fees should an employee experience an accident or your vehicles get damaged.

Call Dorsal Insurance today for a quote at 786.601.2485