Restaurant owners have a lot invested in their establishments, and those investments ought to be protected. Restaurant insurance policies help Massachusetts restaurateurs protect their establishments from a variety of potential risks.
Restaurant insurance is a specialized form of commercial insurance that’s uniquely tailored to the needs of dining establishments. Most restaurant policies include a variety of coverages that work together to provide robust protections.
Restaurant owners are often able to customize their policy’s particular coverages, so the exact coverages that restaurant policies offer can vary. Nevertheless, there are some coverages that many restaurateurs select. These can be divided into property coverages and liability ones.
Some of the property coverages that restaurant owners might want include:
Some of the liability coverages that restaurateurs might get are:
In addition to these coverages, restaurants that offer delivery or off-site catering might need some form of auto insurance. Commercial auto policies are normally used to insure vehicles owned by businesses, such as a food truck or delivery van. Hired and non-owned vehicle coverage might be used to insure employee vehicles that are used when making deliveries.
Many restaurants in Massachusetts need workers compensation insurance. State law generally requires businesses that have employees to carry this coverage, and few restaurants have no employees.
Workers compensation insurance frequently isn’t available through restaurant policies, however. Instead, it often must be obtained separately through a stand-alone policy. Insurance agents who help with restaurant insurance usually can also assist with workers compensation coverage.
Few restaurants could afford to completely rebuild from scratch or deal with a major liability lawsuit by themselves. Therefore, most restaurants in Massachusetts should consider getting a restaurant policy that meets their needs.
Restaurateurs can find a policy that’s well-suited for their specific establishment by talking with an experienced insurance agent who specializes in restaurant coverage.
Because restaurant owners can customize their policies’ coverages, the premiums that insurers charge for policies vary. Along with the coverages selected, insurance companies may also base coverage on the following and other factors:
Even once all the factors are considered, restaurant policies frequently are quite affordable. Most restaurant owners find the monthly premiums much more affordable than potentially facing a major claim without any protection in place.
For help finding a restaurant policy that’s tailored to your particular Massachusetts establishment’s needs, contact the insurance agents at Dempsey Insurance. Our independent agents are able to compare policies from different insurers in the state, and they’re familiar with the coverages that are available through restaurant insurance policies. They’ll work hard to find you the policy that has the coverages you want at a price your restaurant can afford.