Restaurant and Tavern Insurance
All business owners take on a certain amount of risk when opening or purchasing a new business. That is especially true in the restaurant and tavern industry, where financial loss hazards seem to lurk around every corner. Why expose your restaurant, workers, and yourself to unnecessary losses when the right insurance coverage can protect you against financial disaster?
At Bob Jarosch Insurance, we help restaurant owners like you create a strong coverage foundation that helps assure the continuity of your restaurant no matter what comes your way. As an independent agency, we provide quotes from multiple commercial insurers so you can find the insurance solutions that fit your needs.
We can help protect many different types of businesses in the food and beverage service industry, some of which include:
- Full-service restaurants
- Fast-casual restaurants
- Pizza parlors
- Sub shops
- Food trucks
- Coffee shops
- Sports bars
- And more
Restaurant and Tavern Risks and Coverage
How much could you stand to lose if a customer sues you after contracting food poisoning at your restaurant? What would it cost to replace your catering van after an accident? How would your business survive if a kitchen fire destroyed all of your equipment and part of your restaurant’s structure? These are just a few scenarios that represent the types of risks restaurants and taverns face on a day-to-day basis. Having the right insurance coverage can assure you are protected against losses of all types and sizes, allowing your business to continue on despite the challenges you may face.
At Bob Jarosch Insurance, we assess the unique needs of your business to determine what types of risks you are most vulnerable to and how you can better protect your business with coverage that meets your expectations and budget. Although your restaurant or tavern’s commercial coverage needs will be unique, some of the most common coverage types for this industry include:
General Liability Insurance
This is the part of your insurance that protects your business against accidental injuries and other third-party losses that occur on your premises or as a result of the services you provide. Nearly all restaurants and bars need general liability protection, as it can help cover legal defense costs and judgments against your business in the event of a lawsuit. For example, if a customer slips and falls on a wet floor in your restaurant restrooms, general liability insurance can help cover the costs if you lose your defense.
Workers Compensation Insurance
All employers in Arizona must purchase workers compensation insurance for their part-time and full-time employees. This type of coverage is designed to pay financial benefits for medical bills and lost wages when employees are injured on the job, regardless of who was at-fault. It can also protect your business against litigation due to the incident.
Property insurance protects things like your signage, POS system, booths, tables, chairs, equipment, and the structure of your restaurant if it is damaged or destroyed due to a covered event. Examples include fire, explosions, wind, lightning, theft, vandalism, and more.
Commercial Auto Insurance
If you provide delivery or catering services as a part of your restaurant’s services, you may need commercial auto insurance to help cover your vehicles and your business against accidents that result in property damage, third-party injuries, and other losses.
Food Spoilage Coverage
Throwing away all of your perishables could cost your business thousands of dollars, but that is exactly what you could find your restaurant doing in the event of a refrigeration breakdown or a loss of power. Food spoilage coverage helps cover your losses so you can replace your perished goods with new ones.
Food Contamination Liability
You take food safety very seriously, but even the most cautious restaurant owners and kitchen managers are still at risk of the repercussions of unsafe food. If one or more customers become ill after dining at your restaurant, you may need food-borne illness liability protection to help cover your defense costs, settlements, or judgments in the event of a lawsuit.
Liquor Liability Coverage
Bars and restaurants that serve alcohol have unique risks associated with serving or having intoxicated guests on the premises. Liquor liability coverage helps protect your business against alcohol-related incidents, such as property damage or assault and battery.
Equipment Breakdown Coverage
Your kitchen equipment plays an important role in your business. Without refrigerators, ovens, ranges, dishwashing equipment, and freezers, you would not be able to serve your patrons or generate cash flow for your business. Equipment breakdown coverage can help pay for financial losses when your equipment stops working due to a covered event, such as a power surge or human error.
Commercial Umbrella Insurance
Sometimes even the most comprehensive liability protection falls short of covering your financial responsibility after a major lawsuit. If your restaurant or tavern is sued, commercial umbrella insurance can extend your liability protection by millions of dollars when you exhaust the coverage limits on your primary coverage.
Restaurant and Tavern Insurance in Arizona
If you own a restaurant or tavern in the greater Mesa, Arizona area, we here at Bob Jarosch Insurance want to help you find comprehensive commercial coverage solutions that meet your needs and protect your restaurant’s bottom line. To find out more or to request your free quotes, contact our office today. We look forward to serving you soon.