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Food Insurance for Businesses

Safeguard Your Restaurant With The Proper Insurance Coverage

general liability insurance for restaurants

Operating a restaurant comes with its fair share of risks and uncertainties, which is why having comprehensive insurance coverage is essential.

Our dedicated team understands the unique challenges that restaurant owners face, and we’ve tailored our insurance services specifically to meet these needs.

With our Restaurant Insurance, you can protect your establishment from unforeseen events such as property damage, liability claims, and business interruption.

We offer a range of coverage options that can be customized to suit the specific requirements of your restaurant, ensuring that you have the right protection in place.

At The Allen Thomas Group, we pride ourselves on providing exceptional customer service and reliable support.

Our experienced commercial insurance agents will work closely with you to assess your risks, understand your concerns, and recommend the most suitable insurance solutions for your restaurant.

We strive to make the entire insurance process seamless and hassle-free, allowing you to focus on running your business with confidence.

Don’t leave the success and future of your restaurant to chance.

Trust The Allen Thomas Group to provide you with the reliable insurance coverage you need.

Contact us today to learn more about our Restaurant Business Insurance services and how we can help you protect your investment.

Table of Contents

An Insurance Companion You Can Trust

Beyond Burned Toast: The Allen Thomas Group Protects Your Restaurant Business from Property Damage

In the high-heat, high-stress restaurant business, accidents happen. Maybe a careless line cook left a stove burner on, sparking a fire that cracks your custom tandoori oven.

Or, in another worst-case scenario, a worn electrical socket finally gives out, frying your expensive espresso machine beyond repair.

Even Mother Nature can attack your property with hurricanes, floods, and other disasters.

While such setbacks might leave your head chef swearing like a sailor, specialized commercial property insurance can be a savior and help protect your business.

Tailored restaurant liability insurance policies help cover repair or replacement costs for damaged or stolen property, ranging from kitchen equipment to dining room furnishings.

Whether replacing a $15,000 walk-in freezer or just a few broken wine glasses, having robust coverage brings peace of mind.

According to the National Fire Protection Association (NFPA), restaurants and drinking establishments have more reported structure fires than any other business type, so protection is paramount.

With the proper preparation, your restaurant can bounce back from property loss due to a calamity.

As your trusted pack leader, The Allen Thomas Group will outline the coverage essentials, identify your specific vulnerabilities, and craft a tailored safeguarding strategy that allows your business to flourish, risk-free.

Getting The Right Coverage

Slippery Floors and Slipping Profits: Why Liability Insurance Coverage is Your Lifeline

When it comes to coverage, you might wonder what insurance does a restaurant need?

Lawsuits and legal claims have become unavoidable in the modern restaurant business.

Whether an impatient customer scalds themselves with hot soup or slips on a greasy kitchen spill, you may find an ambulance chaser soon knocking at your door.

Just one legitimate slip-and-fall accident can cost a restaurant an average of $10,000 in immediate medical bills, plus more in legal expenses and lawsuit damages. So lets go over the critical policies you need to protect your restaurant

This type of insurance shields your business in the event of:

  • Bodily injury to a client or employee on your property or by your negligence.
  • Personal injury that defends you against claims of libel or slander.

We’ll help you find the right coverage based on your services and team size.

A business owner’s policy for restaurants provides comprehensive coverage for property damage, liability, and business interruption.

This insurance package is specifically designed to protect restaurant owners from financial losses resulting from accidents, natural disasters, legal claims, and other unforeseen events that could disrupt their business operations.

Restaurants can protect themselves from financial losses caused by unexpected disruptions by investing in business interruption insurance.

This type of coverage can provide compensation for lost income and expenses incurred during the interruption and even help with temporary relocation costs.

This type of coverage defends you against harassment, discrimination, and wrongful termination lawsuits.  

It protects against liability costs when employees use personal or rental vehicles for catering, supply runs, and deliveries.  

An experienced insurance company like The Allen Thomas Group suggests getting commercial auto coverage to protect your business from any road accidents involving your business vehicles. 

Without this financial safety net, just one major lawsuit could force even the most beloved neighborhood bistro into bankruptcy.

When an intoxicated customer gets injured or causes restaurant property damage, your business can quickly get slapped with a massive liability lawsuit.

Liquor liability insurance can help your restaurant come out of the situation.

Restaurants can protect themselves from financial loss due to spoilage by obtaining spoilage insurance.

This type of insurance coverage can help restaurants recover the cost of spoiled food and prevent them from suffering significant financial setbacks.

Restaurants need workers compensation insurance to protect their employees in case of injuries or illnesses that occur on the job.

This insurance provides medical benefits, wage replacement, and potentially legal defense for the restaurant owner.

It is important for restaurant owners to understand their legal obligations and ensure they have the appropriate coverage.

Restaurant insurance
Stress-free Solutions

How Restaurant Business Insurance Can Protect Your Business

cheap restaurant insurance

Between maximizing yelp reviews, minimizing food waste, and trying to turn a profit, every restaurateur knows one commodity is in short supply: time.

The last thing you need is to waste hours comparing insurance quotes when you could be compiling next week’s menu.

Where can a busy restaurant owner find tailored restaurant insurance coverage without getting lost in bureaucratic red tape?

Look no further than The Allen Thomas Group’s quick and easy online quote tool.

In just five minutes, receive customized insurance options for your unique business based on key details like

  • location
  • building type
  • number of employees

Then select your preferred coverage package and add any specialized options to meet your restaurant’s needs.

Access personalized price comparisons from top-rated insurers to choose the best value.

With The Allen Thomas Group’s streamlined quoting process, get peace of mind when it comes to restaurant business protection.

Insurance Solutions Customized For You

Yes, It's Really That Easy

We know how frustrating and complex the process of finding the right restaurant insurance near me can be and how it affects your peace of mind when you don’t have the right coverage. Let us help craft a policy that works for you.

Step 1: Assess

Tell us about your specific needs and we will find the right policy for you.

Step 2: Review

Review the results of our search.

Step 3: Service

We will walk you through your new policy step by step.

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We’ve helped Business Clients Just Like You

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WE HAVE PERSONAL CONTACTS WITH THESE TRUSTED A-RATED INSURANCE COMPANIES

That allows us to find the best rates for your resturant

Secure Your Culinary Dream: Fulfill Your Commercial Restaurant Insurance Requirements

Owning a restaurant comes stuffed with both rewards and risks in equal measure.

The demanding hours, slim profit margins, and constant liability fears drive many aspiring restaurateurs to burn out early.

But the 68% of restaurant owners who report feeling less stressed, thanks to the proper kind of insurance for your restaurant, know a secret: risk management and business success go hand-in-hand.  

With the comprehensive restaurant insurance policy you need to shield your property, reputation, data systems, and legal liability, your focus should be to wow guests. 

The financial safety net and expert guidance from The Allen Thomas Group empower smart growth, confident decision-making, and sustained prosperity.

Insurance can help protect your small business owners from risks that have the potential to ruin their reputation.

Security breeds opportunity. By investing in the tailored restaurant insurance you need from The Allen Thomas Group today, take the first step toward the stability required to turn your culinary passion into long-term profits.

The right insurance can help cover you against risks by covering the cost of liabilities and lawsuits. Get the right coverage to help protect your restaurant and reputation.

It’s easy to get a certificate of insurance when you choose us for the right insurance, including liability coverage. Get a quote today!

Frequently Asked Questions

Get More Insights On Making The Right Insurance Decision For Your Restaurant 

Restaurants need several main types of insurance coverage, including commercial property insurance to cover damage to your building and equipment, general liability insurance to protect against liability claims like customer injury or food poisoning, liquor liability insurance if serving alcohol, workers’ compensation if you have employees, and business interruption insurance to compensate for lost income if you need to temporarily close.

Most restaurant insurance policies do not automatically cover food spoilage from power outages or equipment breakdowns. You usually need to add specific spoilage coverage to cover lost food inventory in these situations. Refrigerator breakdown coverage and utility services interruption coverage are also often available as add-ons.

Restaurant insurance rates can often increase after filing one or more claims, depending on the dollar amount and reason for the claims.

Many insurers offer some leniency for small claims, but rates may rise more significantly after large claims or claims they deem preventable. Being claim-free for a number of years can help minimize the impact of future claims.

If your restaurant does not sell or serve alcohol at all, then liquor liability coverage is generally not required. However, many restaurants allow BYOB policies, offer alcohol as a gift in certain circumstances, or have special events with alcohol.

In these cases liquor liability insurance can still provide important protection even without a full bar or liquor license. An insurance agent can advise you on appropriate coverage.

Here is a list of different types of restaurants that would need insurance coverage:

  • Sit-down restaurants – This includes casual dining, family restaurants, and fine dining establishments. They would need general liability, property, liquor liability if they serve alcohol, workers’ comp, etc.
  • Fast food restaurants – Such as major chains like McDonald’s, Wendy’s, Burger King, etc. Would need the same coverage but with higher liability limits due to risk of a lawsuit.
  • Pizza Shops – Including both take-out and delivery places. Need auto/fleet coverage for delivery drivers in addition to restaurant policies.
  • Coffee shops & bakeries – May seem low risk but still need coverage for customer injuries and any food products they produce and sell.
  • Food trucks – Mobile food businesses need specialized commercial auto insurance and need to be careful about insuring equipment when not attached to the truck.
  • Buffet & salad bar restaurants – High liability risk means needing much higher insurance limits in case a customer gets extremely sick from food exposure.
  • Catering businesses – Insure both their commercial kitchen as well as events/weddings they cater at other locations.
  • Nightclubs/bars – Require high liquor liability limits in particular due to overserving risks. Also higher security needs.

1. Restaurant locations in the United States: There are over 1 million restaurant locations in the US, which represents a significant portion of the country’s small businesses.

2. Restaurant industry employees: The restaurant industry employs approximately 14.7 million people, making it a major contributor to the US workforce.

3. Cuts, punctures, or scrapes: These types of injuries make up about a third of restaurant claims reported, highlighting the importance of proper safety measures and insurance coverage for employees.

4. Average restaurant insurance cost: The cost of insurance for a restaurant can range from $300 to $10,000 per year, depending on factors such as the size of the restaurant, its location, and the specific risks it faces.

5. Commercial property insurance: The annual cost of commercial property insurance for restaurants can range from $500 to $2,500, depending on factors such as the restaurant’s exposure to risks like fire, water damage, and theft.

These statistics emphasize the importance of insurance for restaurants, as they face various risks and challenges in their operations. Proper insurance coverage can help protect restaurants from financial losses due to accidents, injuries, and other unforeseen events.

Citations:
[1] https://www.forbes.com/advisor/business-insurance/small-business-insurance-statistics/
[2] https://amtrustfinancial.com/blog/loss-control/the-restaurant-industry-a-closer-look
[3] https://www.iii.org/fact-statistic/facts-statistics-commercial-lines
[4] https://fitsmallbusiness.com/insurance-statistics/
[5] https://www.coverwallet.com/general/average-restaurant-insurance-cost