How often have you read in the newspapers or watch the news on television or online that a restaurant in some neighborhood or town was razed to the ground? Or what about the news report that someone was suing a popular restaurant for serving food that was not properly cooked resulting to a visit to a local hospital? Then there is the legal suit by an owner of an expensive sports car that his car was damaged after it was driven and parked by a valet employed by the restaurant. A hefty bill to repair his car is about to appear in your mail.
Can your restaurant business deal with all these claims and legal suits as and when they happen? When accidents happen on the restaurant premises (and they do so quite frequently) or a customer or their property is damaged in the course of the provision of a service by your business, the costs of dealing with these accidents and claims can be nerve racking especially if the claims are huge. A wet floor, no warning sign and someone slips and falls, is enough to ruin your day’s business.
The only protect you and your business is to find commercial restaurant insurance coverage that would protect you from the types of financial loss or claims that are normally encountered in a restaurant business. There are different types of insurance coverage that are available to businesses. Insurance companies do cater to the specific needs and requirements of the restaurant business. A comprehensive coverage may be found in the restaurant general liability insurance. This type of insurance covers loss and damage due to bodily injury, property damage as well as loss of income.
If your restaurant also operates a bar, a liquor insurance coverage may be looked at as well. Such an insurance would cover claims that your restaurant-bar and its employees have served alcoholic beverages to under-aged minors, for example, or have flouted restrictions and regulations imposed by the local licensing authorities. It may also be a case of negligence if the bar serves to a customer who is visibly drunk over the legal limit and is allowed to drive home in that state.
With the right insurance coverage, you will not have to worry of the potential liabilities and costs of defending any claims or legal actions against you. Many insurance companies also will include a provision to cover for the defense legal costs. When you are checking out the types of coverage provided by different insurance companies, that is one provision you may want to include. Legal fees can be expensive, whether the outcome of the case is adjudged in your favor or not. When you have these fees covered, you can rest easy. In addition, insurance companies that include a provision to cover legal fees in the event of a defense of a claim, these companies are likely to have their own panel of insurance lawyers who you can contact to take up your case. These lawyers are already approved by the company so you do not have to go looking for a good lawyer to defend your case.