Insurance for Concession Stands

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Why Concession Stands Owners Need Insurance

Concession stands are a staple at more than just the local movie theater. These days you can find concession stands at parks, ball games, fairs or carnivals, and the local outdoor market. As a concession stand owner, you know food is a risky business. Even though you go to great lengths to maintain cleanliness and quality, you need to protect yourself. The only way to protect your concession stand business and your assets is to buy insurance.

What Risks Concession Stands Face?

There is a wide array of risks you face daily. Here is a look at the most common in the concession stand industry:

  • Food Poisoning: Working with food demands your constant attention to temperatures and cross-contamination in the food prep areas. If a patron buys spoiled or contaminated food and gets sick, you are liable for their medical expenses.
  • Spoiled Food: Your biggest investment is your food inventory. The worst thing that could happen is if your refrigeration system breaks, causing thousands of dollars of meat to spoil. You need to replace it to stay in business, but most concession stands don’t have large sums of money they can use to re-buy product.
  • Drinking Accidents: Concession stands the sell alcohol to patrons risk the most because you can be held responsible for actions you have no control over. If one of your patrons leaves an event, causes an accident, and kills or injures another party, they can hold you responsible for the financial burdens.
  • Injured Employee: Concession stand employees work with knives, hot grills/stoves, and heavy objects every day. One wrong slip and they can end up in the hospital and out of work for a few weeks. The result? Your concession stand is responsible for the medical payments and the employee’s lost wages.

What Types of Coverage Do Concession Stand Owners Need?

Every concession stand offers different services and products, but all need general liability insurance. If you sell alcohol, you need liquor liability, and if you own a mobile concession stand, commercial auto is a must. If you only operate for a portion of the year, ask your agent about seasonal coverage for your concession stand.

  • General Liability: This insurance pays expenses to replace, settle, and defend lawsuits when you are responsible for injury (i.e. food poisoning) or damage to a third party or their property.
  • Worker’s Comp: Worker’s compensation insurance is required in many states. It pays lost wages and medical expenses when an employee injures themselves working for your concession stand.
  • Liquor Liability: Forty-three states have a Dram Shop law that states businesses who serve alcohol to an intoxicated individual are liable for their actions. This policy pays costs to defend your business, settle claims, and repair property damage in those cases.
  • Commercial Auto: Mobile concession stand owners need a commercial auto policy in case they cause an accident. The policy pays to replace your vehicle or trailer and for any property damage or injury to a third party.
  • Commercial Property: Business property insurance pays to replace your building and property if it is destroyed in a fire, stolen, or if faulty equipment causes it to spoil.

Cost of Concession Stand Insurance

Depending on the type of concession business you operate, the products you sell, and the location, the price of your insurance may fluctuate. Additionally, depending on which coverages are applicable to your operations, premiums will vary.

For example, if you operate a mobile concession stand that serves hot dogs at an amusement park and employ 10 workers, your general liability and worker’s compensation insurance may be higher than a concession stand owner that operates a drink stand and with just 2 employees. It is important to get a quote in order to get an exact cost of coverage for your concession business.

Every carrier views concession stands differently. Request a quote below for concession stand insurance today.

What type of insurance does this industry need?

Policy What is it? Why get it Popularity in your industry Want free quotes?
Commercial Auto 		Commercial Auto insurance provides coverages such as liability, collision, comprehensive, medical payments and uninsured motorist coverage. Any vehicle on the road must be insured, and any incidents that occur while a vehicle is being used for business purposes may not be covered by a personal auto policy. That's why it is so important to make sure you have Commercial Auto insurance for any vehicles owned by the business.

What is it: Commercial Auto insurance provides coverages such as liability, collision, comprehensive, medical payments and uninsured motorist coverage.

Why get it: Any vehicle on the road must be insured, and any incidents that occur while a vehicle is being used for business purposes may not be covered by a personal auto policy. That's why it is so important to make sure you have Commercial Auto insurance for any vehicles owned by the business.

General Liability 		This policy protects your business in case of third party claims, such as bodily injury or property damage. For example, the common "slip-and-fall" claim would be covered by your General Liability policy. General Liability insurance is often considered to be the core coverage, particularly for businesses that regularly physically interact with customers or sell physical goods. In addition, many businesses have a contract, like a loan or a lease, requiring that they have this coverage.

What is it: This policy protects your business in case of third party claims, such as bodily injury or property damage. For example, the common "slip-and-fall" claim would be covered by your General Liability policy.

Why get it: General Liability insurance is often considered to be the core coverage, particularly for businesses that regularly physically interact with customers or sell physical goods. In addition, many businesses have a contract, like a loan or a lease, requiring that they have this coverage.

Commercial Property 		This policy protects the business's physical assets and is appropriate whether you own or lease your space. Keep in mind that this policy will only offer protection in the case of covered events. If you need protection for certain scenarios, such as floods or earthquakes, you may need additional coverage. If you have a mortgage or a lease, you may be required to have property insurance. Even if you are not, this is the best way to protect the building you are in and the business property you have in case of a natural disaster or some other accident.

What is it: This policy protects the business's physical assets and is appropriate whether you own or lease your space. Keep in mind that this policy will only offer protection in the case of covered events. If you need protection for certain scenarios, such as floods or earthquakes, you may need additional coverage.

Why get it: If you have a mortgage or a lease, you may be required to have property insurance. Even if you are not, this is the best way to protect the building you are in and the business property you have in case of a natural disaster or some other accident.

Workers Compensation 		Workers Compensation covers an employee's lost wages and the cost of resulting medical treatment if they suffer a work-related injury or disease. It also covers services needed to help the employee recover and return to work. Workers Compensation coverage is mandatory in most states. The number of employees after which it's required differs by state, but you will generally need coverage once you have employees.

What is it: Workers Compensation covers an employee's lost wages and the cost of resulting medical treatment if they suffer a work-related injury or disease. It also covers services needed to help the employee recover and return to work.

Why get it: Workers Compensation coverage is mandatory in most states. The number of employees after which it's required differs by state, but you will generally need coverage once you have employees.

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