Just as the success of any restaurant lies, at least in part, in its ability to anticipate the tastes and trends of its clientele, the effectiveness of your restaurant liability insurance depends on how well it addresses your business’s particular needs. Factors like the size and type of any given establishment should be considered when purchasing an insurance package to ensure it provides the appropriate amount of coverage.
Size Does Matter
The size of a restaurant can influence the number of customers it may accommodate, the amount of revenue it might earn, and the extent of losses it could incur in the case of damage or closure. That is why your full-service, 200-occupancy restaurant might benefit from a more comprehensive liability policy than a small coffee shop, which may only require limited coverage.
The type of business you own also plays a role in deciding which restaurant insurance policies can be of the most use to you. For example, a catering business may likely add auto liability coverage to its policy, while a steak house might opt for food contamination insurance to protect against the potential loss of meat from power loss to the freezer.
By complementing the unique character and characteristics of a restaurant with a thoughtfully packaged liability insurance policy, every business owner can guarantee that they invest in no more or less coverage than is right for them.