Florida Restaurant Insurance

Types of Restaurant Insurance

Restaurant insurance is not a one-size-fits-all product. It comprises various types of coverage, each addressing different risks associated with running a restaurant. Understanding these can help you choose the right mix of insurance for your business.

Property Insurance

Property insurance covers damage to your restaurant's physical structure and its contents due to incidents like fire, storm, theft, or vandalism. This can include everything from the building itself to kitchen equipment, furniture, and inventory.

Given Florida's susceptibility to hurricanes, it's crucial to note that standard property insurance doesn't cover flood damage. You may need to purchase separate flood insurance for comprehensive protection.

Liability Insurance

Liability insurance protects your restaurant from claims arising from injuries or damages sustained by others due to your business operations. This can include a customer getting food poisoning from a meal at your restaurant or a delivery person slipping and falling on your premises.

There are various types of liability insurance, including general liability, product liability, and liquor liability. The latter is particularly important if your restaurant serves alcohol, as it covers claims related to alcohol-induced incidents.

Workers' Compensation Insurance

Workers' compensation insurance covers medical expenses and lost wages for your employees if they get injured or fall ill due to their job. In Florida, this is mandatory for restaurants with four or more employees.

Aside from being a legal requirement, workers' compensation insurance also protects your restaurant from potential lawsuits by injured employees. This can save your business from significant financial burden.