The food services industry is not for the faint of heart. Not only do you have many of the standard risks that other businesses have, but you are also exposed to unique risks that other businesses do not face. As a restaurant or tavern owner, you need commercial insurance protection that minimizes your financial responsibility in the event of an unexpected loss or accident. Here at Billy Brown Insurance, we understand the hazards your business faces on a day-to-day basis. Our goal is to match you with insurance coverage that addresses the distinct needs of your restaurant, whether you own one location or several.
Types of Restaurant and Tavern Coverage
We know that some restaurants and taverns offer special services that may require special coverage. However, certain coverage types are especially common in the food services industry. Examples include:
Workers Compensation
If your employees are injured while working at your restaurant or bar, workers compensation coverage helps pay for the related medical expenses and lost wages until the employee can safely return to work.
General Liability
General liability coverage is designed to protect your business against financial responsibility for a third-party’s property damage or bodily injuries. This can include making medical payments for minor to moderate injuries or covering the cost of lawsuit judgments up to the limits of your policy. It can even cover other related expenses, such as legal defense and court fees.
Product and Liquor Liability
Product liability and liquor liability are important for businesses that sell food or alcohol. These coverages help protect you if your business accidentally serves contaminated food that sickens a guest or if a customer is injured or experiences property damaged after becoming intoxicated at your bar.
Food Spoilage
If the power goes out in your restaurant, food spoilage could cost you thousands of dollars. If you need to throw out your perishables, your food spoilage coverage can help compensate you for the loss.
Garage Keepers Insurance
You may need garage keepers insurance if you offer valet services at your restaurant, bar, or nightclub. This helps protect your business against financial responsibility when a patron’s vehicle is damaged under your care.
Property and Contents Coverage
If your restaurant were to burn to the ground, property and contents coverage would help you pick up the pieces and start again. This coverage is typically designed to protect the structure of your restaurant or tavern against certain risks, such as fire, inclement weather, and vandalism.
Equipment Breakdown Coverage
If your main oven goes out or the sound system in your dance club breaks down, you may need to temporarily close your doors until you can make the necessary repairs. Equipment breakdown coverage helps pay for those repairs, as well as compensate you for loss of income during the temporary closure.
Loss of Income
If you need to temporarily close your doors due to another covered event, such as a fire, loss of income coverage can help you pay the ongoing expenses of owning your business until you can re-open – usually up to one year after the covered incident.
Restaurant Insurance Costs in Southeastern Wisconsin
Your cost of coverage will be largely dependent upon the size of your restaurant, the size of your payroll, your location, your menu, and other important factors. At Billy Brown Insurance, we put all of those details together and match them with an insurance company that will be favorable to your company’s risk profile. Ultimately, we want to ensure your restaurant gets the coverage it needs at a price that protects your bottom line.
For more information about restaurant and tavern insurance in Wisconsin, contact our office today. We look forward to serving you soon.
