What Protections Do Restaurant Policies Provide?
As mentioned, most restaurant policies include a number of coverage. Many of these coverages can be separated into restaurant liability insurance protections and restaurant property insurance protections.
Some of the more common restaurant liability insurance protections are:
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General Liability Coverage, which may protect against common accidents
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Product Liability Coverage, which may protect against claims related to food-borne illnesses
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Liquor Liability Coverage, which may protect against claims related to alcohol-induced incidents
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Umbrella Liability Coverage, which may provide additional liability protection
Some of the restaurant property insurance protections that establishments frequently get include:
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Commercial Property Coverage, which may protect an owned building
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Tennents Betterment Coverage, which may protect improvements made in a leased space
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Food Contamination Coverage, which may protect ingredients and foods in stock
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Equipment Breakdown Coverage, which may protect essential kitchen and front-of-house equipment
In addition to these, restaurants that offer delivery frequently need some form of auto insurance. Commercial auto insurance is normally used in situations where a restaurant owns one or more vehicles (e.g. for catering events). Restaurants that have employees make deliveries via their own vehicles might only need hired and non-owned auto coverage. This coverage is generally used to cover vehicles that are used for work but not owned outright by a business.
Do Restaurants Need Workers Compensation Coverage?
Many restaurants in Massachusetts have employees and need workers compensation coverage. The coverage is required of most businesses in the state that have employees.
Workers compensation, however, frequently isn’t available through a standard restaurant policy. Instead, restaurants often purchase it separately. Insurance agents who are familiar with restaurant policies usually also assist businesses with workers compensation coverage.
How Much Do Restaurant Policies Cost?
Restaurant policies’ premiums are based on many factors and therefore, are apt to vary. Some of the items that insurers consider when setting rates are:
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Where a restaurant is located
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How large a restaurant’s facilities are
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How many customers a restaurant serves
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Whether a restaurant serves alcohol
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What coverage and limits a restaurant selects
Restaurants can find out how much a policy that provides the coverage they want will cost by contacting an independent insurance agent. An independent agent is free to compare policies from different insurance companies and thus, can give restaurants an accurate idea of how much a policy with particular coverage will cost them.
How Can Restaurants Get Restaurant Insurance?
For help finding restaurant insurance that will provide your Massachusetts dining establishment with solid coverage, contact the independent insurance agents at Paul T. Murphy Insurance. Our agents have helped many establishments find affordable yet robust policies, and they’re ready to assist your restaurant.
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