Call Us CALL US | 855-5EXCEED
Other Coverage Options:
Auto Auto
Insurance
Homeowners Homeowners
Insurance
RentersRenters
Insurance
Commercial Trucking Commercial Trucking
Insurance
Life & Health Life & Health
Insurance

people drinking at barRestaurant insurance is a must have for most bars. Because you are serving some type of food product, even if it is an alcoholic beverage, you need to have the property insurance in place to operate your business. Bars, taverns and other alcohol establishments have unique needs from traditional restaurants and your business insurance needs to reflect the risks of your establishment. The good news is that if you are working with the right insurance company, this does not have to be hard to do. There are a few things to keep in mind.

General Liability Insurance

Perhaps the most valuable of components of your restaurant insurance could be general liability insurance. It can help to protect you from lawsuits and claims made against your company from non-employees. This may come from accidents such as slips and falls, property damage claims and advertising losses. In a bar, you’ll need to protect against liabilities related to accidents. Generally, the cost for liability insurance can be the highest for bars. The median policy limit for these types of policies is usually about $2 million but you can add to this as well.

Liquor liability insurance is also an important additional component. This coverage is necessary for any bar or tavern that has to maintain a liquor license. Most states require this. It helps to cover the business from lawsuits and claims made against them related to things like intoxicated patrons who end up going on to hurt someone else or damaging property.

Protecting Your Valuables and Assets

Further business insurance may be necessary for most restaurants and bars. You may also need to consider:

  • Business Owners Policy, which works to protect your business from losses related to your business’s property. It may also provide you with financial protection for other needs you have such as workers’ compensation claims, contents protection and any commercial auto insurance you need.

  • Umbrella insurance adds more liability insurance. Generally, this adds an additional $1 million of liability insurance.

Restaurant insurance needs to represent your establishment. With bars, which have a higher risk of liability claims, need more coverage in that area. Customized business insurance like this can help to keep your company operational even when you are faced with numerous losses from such claims.

Get the right coverage for your establishment. Call Exceed Insurance at (855) 539-2333 for more information on the restaurant insurance policies we offer.
Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version
  • AAA
  • Allied
  • Berkshire Hathaway Guard
  • Grange
  • The Hartford
  • Liberty Mutual
  • Progressive
  • Safeco
  • TransAmerica
  • Travelers
  • Victoria
Facebook
Twitter
LinkedIn
Google+

Partners

PartnersWe've successfully served hundreds of customers and are determined to treat each individual with respect and compassion.

© Copyright 2017. All rights reserved.
Powered by Insurance Website Builder