When you opened your restaurant, you probably had visions of a warm or hip atmosphere, where customers could kick back and enjoy themselves. Unfortunately, there are plenty of things that could go wrong in a restaurant and if you’re the restaurant owner, it will all come back to you.
Restaurants serve a large number of customers each day, so there’s always a risk of an accident, especially with the added danger of food spills a customer could slip on. In fact, slip and fall accidents account for 40 percent of all restaurant liability claims, and the average restaurant usually has around three to nine of these accidents each year.
Fires are a big problem with restaurant owners as well. It is estimated that 5,900 fires occur each year in the US, which results in an estimated average of 75 injuries and $172 million in property loss. The most common cause of these fires is from cooking, which typically are small fires with limited damage, while the leading cause of building fires is an electrical malfunction.
Even the unexpected happens. For instance, a restaurant in Florida was sued because the wait staff did not explain to a customer how to eat an artichoke. The customer ate the whole thing, even the outer leaves, which are not digestible. He later experienced severe pain and had to have surgery to remove some of the stuck artichoke leaves. The man claimed that his injury was a direct result of the restaurant employee’s lack of training and their failure to inform customers that the leaves of the artichoke could not be digested. A strange lawsuit, but it’s better to be protected from the strange, as well as more common occurrences.
Any of these incidents could happen to you, no matter how strange or miniscule some of them might seem. Protect yourself and your business, because some people won’t hesitate to turn it into a lawsuit against your business.
In order to protect yourself and your business from a slew of potential accidents and lawsuits, consider these options when buying your insurance:
- Property Insurance – Protects your property in case of fire or other events. It may not cover natural disasters, such as floods or earthquakes (see below for a policy that does.) If you have any kind of mortgage on your business and/or equipment, then you should carry a property insurance policy.
- General Liability Insurance – This is the umbrella policy that protects you in the event someone slips and falls in your restaurant, gets sick after eating there (whether it was your fault or not). This is a must have in today’s sometime sue-happy world.
- Liquor Liability Insurance – Most states require that any establishment holding a liquor license carry liquor liability as part of their insurance. It helps protect you if a customer has too much to drink and drives and hurts them self or someone else.
- Automobile Liability Insurance – If you have a company vehicle, this is a good insurance to have. It may be covered in your general liability, but always check with our insurance agent first.
- Workers Compensation Insurance – Protects you if an employee is hurt at work. Most states require that all employers carry some type of workers’ comp.
There are more options than these to consider when building your own personalized coverage plan for what you need. Bizurance can work with your needs and provide the best affordable coverage plan combination for your business.