Opening a restaurant can be an exciting venture. Like any business, you want to protect your investment with business insurance Newark DE should something unforeseen happen, like a grease fire or food contamination.
First and foremost, make sure to check local and state laws for restaurant insurance coverage requirements. Most states require restaurants to carry workers’ compensation, unemployment insurance and automobile liability insurance.
Here are some other common coverage types for restaurant owners:
A general liability policy is an essential protection from lawsuits if someone sues you after being injured on the premises or getting sick after eating at your restaurant.
If your restaurant holds a liquor license, state law may require you to carry liquor liability insurance. This coverage guards you against lawsuits if an intoxicated customer gets in an accident and injures someone or damages property.
This coverage protects what you own, …