Insurance for Food Establishments

In this industry, workers prepare and serve snacks and non-alcoholic beverages. Examples include beverage bars, bagel shops, pretzel shops, cookie shops, coffee shops, and ice cream parlors.

In the event of medical responsibility, a lawsuit or equipment malfunctions, you'll be glad to have insurance. Insurance protects your business from the many known and unknown risks. Insurance will pay the costs of covered expenses, so you don't have to.

Below are some common risks that food establishments can face:

• A customer suffers from food poisoning from the food you serve. It is later proven that there were bacteria in the food you served which caused the illness.
• While in the kitchen, your worker slipped and fell. Your employee suffers injuries and you are responsible for the expenses.
• Your kitchen catches fire, destroying some of your equipment in the process. This also puts your business at a halt, lowering your income for the day.

There are a lot of factors that determine the cost of insurance for food establishments. These include the size of your business, the number of employees you have and the coverage required. Without taking these into account, below is the average cost of some of the most common insurance policies for your business:

• General Liability insurance costs $500 in annual premiums.
• Commercial Property insurance costs $700 in annual premiums.
• Workers' Compensation insurance costs $1300 in annual premiums.