Restaurant & Bar Insurance

You have spent significant time and energy establishing your restaurant or bar. You developed an atmosphere, perfect recipes, and built a reputation. But, if you don’t have restaurant and bar insurance, you are risking all of your hard work.

In today’s world, the food industry is a thriving yet complex environment. Things quickly change, and you need to ensure you have adequate protection if something bad comes your way.

If you are unsure how sufficient your restaurant and bar insurance is or have questions about obtaining coverage, reach out to Lake Region Insurance Agency today. We have decades of experience serving people and businesses throughout Minnesota. With offices in Willmar, New London, and Cokato, MN, we are here to help.

What is Restaurant and Bar Insurance?

Restaurant and bar insurance is different from the coverage for other types of businesses or industries. For starters, because they may serve alcohol, these establishments need specific policies in place to protect them. And because of food safety issues, there is another layer of protection that the food industry needs.

For example, what if a patron drinks too much on-site and then gets in an accident? Or what if an employee doesn’t store food properly, and someone gets sick?

As the owner of the restaurant or bar, you could be liable for damages caused in these and other situations. Restaurant and bar insurance covers you and protects you from having to pay out of pocket.

What Types of Coverage Do I Need?

There are a variety of choices available to restaurants and bars. Your policy needs will depend on what you offer. A few coverages these business owners should consider are:

• General Liability Insurance – General liability insurance to protect you from lawsuits stemming from damage or injury that occurs at your business.
• Commercial Property Insurance – This coverage insures the property where the restaurant or bar resides. This plan can include kitchen equipment and everything needed to run your restaurant or bar. This policy also covers an interruption of service if your building is unusable for a covered reason.
• Business Owner’s Policy – This policy often combines the major coverages a business requires, including commercial property and general liability insurance.
• Commercial Auto Insurance – This coverage is essential if you use business or private vehicles to deliver food or for any business-related tasks. This coverage can protect you if there is damage or injury to others.
• Business Crime Insurance – If an employee or someone else commits a crime against your business, this plan helps to cover the loss. For example, in cases of forgery, theft, or embezzlement, you can recuperate your money.
• Worker’s Compensation – A substantial number of restaurant and bar employees sustain injuries every year. With hot stoves, sharp knives, and deep fryers all around, accidents are almost unavoidable. This coverage avoids you having to pay out of pocket should a work-related injury or illness occur for an employee.
• Liquor Liability – If you serve alcohol, this coverage is critical. One accident from someone you served could sink your establishment financially if you don’t have a policy. In most places, this is a required insurance piece.

Who Needs Restaurant and Bar Insurance? 

Whether your establishment is a small Mom-and-Pop diner or a national chain, you face similar risks and need coverage. Some typical types of establishments that need restaurant and bar insurance are:

• Casual Dining Restaurants
• Fine Dining Restaurants
• Pubs
• Fast Food Franchises
• Delis
• Coffee Shops
• Bakeries
• Breweries and Microbreweries

Give Us A Call

If you have a bar or restaurant and want to ensure you have adequate protection, call Lake Region Insurance Agency today. We will work with you to create a comprehensive plan that protects you, your employees, and your hard work.