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What insurance do you need for your restaurant? Do you even know where to start? You’re not alone. Many restaurateurs are unsure of what types of insurance they need, and which policies are the most important. That’s why we’re here to help. In this post, we’ll break down the four main types of insurance that every restaurateur should have: public liability, employers’ liability, food and drink liability, and property damage. So let’s get started!
Public Liability Insurance
: Public liability insurance is one of the most important types of insurance for restaurants. It protects you against any claims that may be made against your restaurant in relation to injury or damage to a customer’s property. Furthermore, it covers any legal costs associated with defending and settling these claims. This type of insurance is essential for most businesses but especially so for restaurants since they often have an increased risk of accidents due to their higher footfall and busy atmospheres.
Employers’ Liability Insurance: Employers’ liability insurance is mandatory by law if you employ anyone in your business (except family members). This type of cover guards against any claims that might arise from sickness, injury or death as a result of working conditions at your restaurant.
Food And Drink Liability Insurance: Food and drink liability insurance is another type of cover that you may need for your restaurant. This policy provides protection against any claims arising from illnesses or injuries caused by the food or drinks served at your restaurant. It also covers potential financial losses in cases where customers suffer a reaction to any food or drink served on your premises.
Conclusion: Having the right insurance in place for your restaurant can be vital – not only to protect the business itself but also its customers. Public liability, employers’ liability, and food and drink liability are three of the most important types of insurance that restaurateurs should consider when setting up their business. Taking out these policies will help protect you against claims that could otherwise cause significant financial losses.