FLORIDA/TEXAS—Hello restaurant owners! Any small town, as much as any big city, take pride on their culinary offerings for both its residents and its visitors. As a matter of fact, restaurants are an important factor, among others, for people to determine whether it’s going to be a good place to live and or vacation on.

Restaurants are the heart of family and community gatherings and events, and restaurant owners need not to be afraid of another restaurant opening next door because in most cases, the more variety, the larger amount of customers will get attracted to the area.

As a restaurant owner you know you’ll need insurance because:

• Accidents like fire, natural disaster can cause an interruption in business. This all can happen at a time when you may not be prepared to pay out of pocket to repair damages. Insurance can help you pay for those repairs and recover the lost revenue.
• Workers’ comp insurance, for example, gives employees who get injured on the job money for their medical expenses. It also protects you from being sued. 
• If a customer falls on-premise, when you are insured your insurance would cover their medical expenses. 

And these were just examples.

Restaurants are exposed to a wide range of risks that make them vulnerable to lawsuits and other liabilities. Kitchens can be dangerous, food can go bad, and large numbers of people frequenting restaurants are obvious risk factors. Restaurant insurance protects against these types of risk and helps prevent financial situations that are impossible to overcome.

You can buy restaurant insurance from one provider, or create your own package by combining coverage plans from various providers.

Basic insurance for restaurants can include

Business Owners Policy (BOP): Packages commercial property and liability coverage into one policy. This is a very common insurance saving strategy for restaurant owners.

Workers’ Compensation: Protects if your employees become injured or ill while at work.

General Liability: A must have coverage that protects restaurants against lawsuits and other financial liabilities resulting from accidents or other mishaps. This includes things like food illness, and customer slips and falls.

Liquor Liability: Provides coverage for legal fees, settlements, and medical costs if alcohol is sold to an intoxicated person who may harm others or damage property.

Commercial Auto Insurance: Covers legal bills, medical expenses, and property damage if a business vehicle is involved in an accident.

In regards to the factors that affect the cost of your restaurant insurance policy the following are some considerations:

-Restaurant equipment and property

-Business income

-Types of business insurance purchased

-Coverage options, such as policy limits

-Location

-Number of employees

At Garzor Insurance we care about your restaurant business. Our experienced professionals are dedicated to providing commercial insurance in Florida as well as Texas, and now many other states across the U.S. If you also have questions about truck or other commercial vehicles insurance, or any other business insurance aspects, please do not hesitate to visit us online at Garzor Insurance, or you may want to call us directly at (321) 206-8035. 

We look forward to help your business thrive!

Sergio Mora

Licensed Insurance Agent