Types of Restaurant Insurance Policies in Florida

Running a restaurant in Florida comes with a unique set of challenges and risks. To financially safeguard your business, it’s crucial to have well-rounded insurance coverage.

What Insurance Does a Restaurant Need?

The following are some key types of insurance policies to consider for your restaurant:

• General liability insurance can be essential for financially protecting your restaurant against third-party claims of bodily injury, property damage and personal injury. For instance, this coverage can help pay for medical expenses and legal fees if a customer slips and falls on-site or experiences food poisoning after consuming a dish from your menu.
• Commercial property insurance can help financially safeguard your restaurant’s physical assets, including the building, kitchen equipment, furniture and inventory. This policy generally covers damage stemming from fires, theft, vandalism and certain weather conditions.
• Workers’ compensation insurance can offer financial assistance for employees who experience occupational injuries or illnesses. This policy may help cover employees’ medical bills, rehabilitation expenses and lost wages.
• Food spoilage insurance can be critical if your restaurant offers dishes containing perishable items on its menu. This policy may help cover the cost of replacing spoiled food caused by power outages, equipment failures or other unforeseen events.
• Liquor liability insurance is vital if your restaurant serves alcohol. This policy can help financially protect your business against claims resulting from the actions of intoxicated patrons, such as injuries or property damage sustained in a drunk driving accident.
• Business interruption insurance can help reimburse lost revenue and typical operating expenses if your restaurant must close for a period of time due to a covered event, such as a fire or hailstorm. This policy may cover your restaurant’s rent, taxes and payroll during the closure.

Learn More

For insurance near you, contact Clearwater Partners.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.