Restaurant Insurance
The hospitality industry, particularly restaurants, has faced significant changes and challenges over the past few years.
From managing risks related to severe weather, guest injuries, and data breaches to handling employee-related claims, the need for comprehensive insurance solutions has never been more critical.
At Baldon Insurance Group, we understand these unique challenges and can help provide tailored restaurant insurance packages to ensure your business remains protected and resilient.
Managing Risks in the Restaurant Industry
Running a restaurant involves managing a multitude of risks. Our specialized restaurant insurance solutions are designed to address these risks comprehensively, providing peace of mind and financial protection.
Key Coverages Offered
Property Coverage
Property coverage is essential for protecting your restaurant’s physical assets, including buildings, furnishings, equipment, and inventory, against damages from fire, theft, vandalism, and natural disasters.
Commercial General Liability (CGL)
CGL insurance protects your restaurant from claims of bodily injury and property damage that may occur on your premises. This includes incidents such as guest injuries from slips and falls or damage to a guest’s property.
Liquor Liability
For restaurants that serve alcohol, liquor liability insurance is crucial. It protects against claims resulting from damages or injuries caused by intoxicated patrons.
Employment Practices Liability Insurance (EPLI)
EPLI covers claims made by employees alleging discrimination, wrongful termination, harassment, and other employment-related issues, helping maintain a safe and compliant workplace.
Valet Parking Coverage
Valet parking insurance covers damages or losses to vehicles under your care, custody, and control, ensuring peace of mind for your guests and protecting your restaurant from potential liability.
Business Interruption & Contingent Business Interruption
Business interruption insurance helps cover lost income and operating expenses if your restaurant must close temporarily due to a covered event. Contingent business interruption extends this coverage to disruptions caused by suppliers or other third parties.
Umbrella Excess Liability
Umbrella insurance provides an additional layer of liability coverage, extending the limits of your underlying policies. This is especially useful for catastrophic claims that exceed your primary insurance limits.
Food Borne Illness Coverage
Coverage for foodborne illnesses protects your restaurant from claims related to food poisoning or contamination, ensuring your reputation and financial stability remain intact.
Cyber Liability
Cyber liability insurance covers the costs associated with data breaches, including notification expenses, public relations efforts, and legal fees. It is crucial for protecting customer data and maintaining trust.
Crime Insurance
Crime insurance protects against losses resulting from criminal acts such as theft, fraud, and embezzlement by employees or third parties.
Equipment Breakdown
This coverage protects against the cost of repairing or replacing damaged equipment essential to your operations, such as kitchen appliances and electrical systems.
Hired & Non-Owned Auto Coverage
This coverage protects against liability claims arising from the use of personal, hired, or non-owned vehicles for business purposes.
Workers’ Compensation
Workers’ compensation insurance provides medical benefits and wage replacement to employees injured on the job, ensuring compliance with legal requirements and protecting your workforce.
