Restaurant Insurance in Duluth and Johns Creek, GA
Owning a restaurant means meeting critical safety standards while offering comfortable environments and delicious products. To make your business a success, you’ll need to have strong risk management in all aspects of your operations.
Still, since you cannot ignore the fact that problems might arise in your restaurant at any time, it’s important to be prepared by having the right restaurant insurance. The goal of Poteet & Poteet Insurance is to help you get that coverage. We’re a team of expert commercial insurance agents, and we can help Georgia restaurants design the customized insurance portfolio for their needs.
To get your coverage, call us today at 678-906-4195.
What Is Restaurant Insurance?
Every day, restaurants will face hazards that could potentially harm the businesses, their owners, employees and the public. These hazards might include property damage, customer lawsuits, employee injuries and various crimes, any of which could cause significant financial strain for the restaurant. Having the proper insurance will enable you to have financial assistance available when resolving these setbacks.
What Does Restaurant Insurance Cover?
Getting enough insurance for your restaurant will mean getting several different types of coverage. Essential coverage to carry includes:
Property insurance—This coverage will insure company property—such as buildings, equipment or furnishings—against losses from hazards like fires, theft, vandalism or severe weather.
General liability insurance—If the restaurant is at fault for bodily injuries or property damage of third parties (e.g., customers), this coverage will compensate them for their losses. It can also help you cover costs related to a liability lawsuit.
Business interruption insurance—If you are forced to halt operations due to an unforeseen event, this coverage can help you cover ongoing expenses that beckon despite the shutdown.
Workers’ compensation insurance—This coverage pays employees a supplementary income and covers other expenses if they get injured on the job. Georgia law requires nearly all businesses to carry workers’ compensation coverage.
Commercial auto insurance—If you own or use a vehicle as part of your operations—such as if you offer catering—you need commercial auto insurance. It will provide the necessary liability, physical damage and other coverage to insure the vehicle(s) in your fleet. You cannot insure business-owned vehicles with personal auto insurance.
Liquor liability insurance—If you serve alcoholic beverages to customers, there is a chance that an intoxicated person could cause harm to someone else. Because you served the alcohol that led to this incident, the injured party could sue your restaurant. Liquor liability coverage may help you repay the affected parties.
Equipment breakdown insurance—Coverage pays when essential systems (e.g., HVAC systems, refrigerators and cooktops) unexpectedly fail.
Food spoilage coverage—Helps you replace food that spoils due to a hazard in the business.
There are many other policies that you might need such as communicable disease coverage, cyber liability insurance, professional liability coverage, commercial umbrella insurance or crime insurance.
Depending on your business’s size, you might be able to buy essential policies through a business owners policy (BOP). A BOP is a great way to get essential coverage in one package, so just ask one of our agents if you qualify for coverage.
How Much Does Restaurant Insurance Cost?
Your various restaurant policies will come at different costs, and numerous factors will influence those costs. The size of your business, history of insurance claims, payroll, location, and many other circumstances may all play a role when carriers determine your rates.
Poteet & Poteet Insurance understands that you need to be cost-conscious when insuring your business. That’s why we will help you compare the policies options of numerous carriers to pinpoint the ones that offer you the best value for the right coverage.
To get restaurant insurance without a hassle, just call us at 678-906-4195.