If you own a restaurant in West Virginia, you want to carry the best insurance possible to protect your hard work and financial investment. Depending on the type of business you operate, there are multiple options for you to make certain you don’t leave yourself vulnerable to devastating financial losses. Here’s what you need to know.
Restaurant Businesses Come With a Variety of Risks
Some industries are, by nature, higher risk than others, and the restaurant business is one of those. The risks your business faces every day could result in lawsuits, court judgments, settlements, or other financial burdens. Something as simple as these incidents could cost you thousands or even put you out of business:
- A customer slips and falls on your wet floor, breaking their leg
- A wedding party gets food poisoning at an event you cater
- You fire an employee who alleges that you discriminated against them because of their religion
Restaurant insurance is designed to cover the consequences of these issues, so you don’t have to pay out of pocket, which could put your business — and your employees’ livelihoods — in peril.
What Kinds of Insurance Should Your Restaurant Consider?
You can put together restaurant insurance in the same way you’d assemble a plate of food at a buffet, taking what you need and leaving what you don’t. Options for insurance include:
- Property insurance for your premises in case of fire, storms, vandalism, etc.
- Equipment insurance for damage to or loss of your food preparation gear
- Equipment breakdown insurance in case vital tools mean you can’t operate
- Inventory insurance for supplies or mass-produced items
- General liability insurance for non-employee injuries on your property
- Liquor liability insurance if you serve alcohol
- Employment practices insurance for cases of wrongful termination, harassment, or discrimination
- Workers compensation insurance in case an employee is injured on the job
- Commercial umbrella insurance to extend your liability coverage
- Cyber crime insurance in case of ID theft, data breaches, or hacking
- Commercial vehicle insurance for vans or trucks used for business purposes
- Food spoilage insurance to cover your ingredients
- Loss of income insurance in case events outside your control prevent you from operating
Who Needs Restaurant Insurance
Many different kinds of restaurant-related businesses need restaurant insurance, such as:
- Fine dining establishments
- Ethnic food restaurants
- Diners and sandwich shops
- Cafes and bakeries
- Fast food and casual dining restaurants
- Taverns and bars
- Food trucks
- Event caterers
- Commercial food kitchens
Get a Customized Restaurant Insurance Policy From Our Independent Agents
Our independent agents at Wickline Insurance are local to your area and can advise you about your unique restaurant insurance needs, so you get a truly tailored policy. You will appreciate our enormous selection of products and stellar personalized service. Call us at 304-252-1483 to discuss your protection, or start your policy online today.