Top 5 Questions for Restaurant Insurance

1. What are the typical insurance needs for Restaurant Insurance?
  • Property Insurance
  • Equipment Breakdown
  • General Liability
  • Liquor Liability
  • Automobile Liability
  • Workers Compensation
  • Food Contamination or Spoilage Coverage
  • Business Income Protection
  • EPLI
  • Crime or Employee Dishonesty

2. How do I know if I need liquor liability insurance?
Any restaurant that sells, serves, or assists in the purchasing of alcohol has a potential risk for a liability claim and should entertain liquor liability insurance.

3. Do I need workers compensation insurance if I own a restaurant?
For the state of Tennessee, workers compensation is mandatory when there are 5 or more people working at the business. Restaurant owners with less than 5 employees are still responsible for employee medical cost for work related injuries.

4 How much is restaurant insurance?
This will vary in cost. It clearly will depend on what coverages you are getting and how broad or basic the policy is.

5. What are the factors on restaurant insurance?
The factors the will change the premium on a restaurant insurance policy will be location of the business, property type, gross sales, liquor liability exposure, and will depend on what type of other coverages you will need on the policy.