Restaurant insurance

Restaurant Insurance

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Why do Restaurants Need Insurance?

Restaurant insurance covers you against potential risks and liabilities that can arise during the course of operating your restaurant. These include: property damage, theft, food contamination, liquor liability, employee injuries, and more.

Whether you're leasing a restaurant, financing new equipment, restaurant insurance is a must-have for restaurant owners. It’s a safeguard against potential financial losses resulting from unexpected incidents or accidents.

It's important to work with a restaurant insurance agent who can help you find the coverage to meet your specific needs taking the time to understand your business and the risks you face.

What Insurance do Restaurant Owners Need?

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Business Owners Policy (BOP)

BOP Insurance is a package that combines the coverage of multiple products such as Commercial Property, General Liability and Business Interruption into one. This means that BOP will cover property damage, liability claims related to injuries and income losses if your restaurant is forced to close temporarily among other things.

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Workers Compensation

Workers Compensation for restaurants covers your employees' medical costs and lost wages while recovering from a work-related injury or illness. The employee gives up the right to sue your company in return for receiving cash and benefits from Workers Compensation. In some states it’s mandatory for businesses!

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Cyber Liability

Cyber Liability Insurance protects your restaurant from the theft of sensitive data. If you suffer a data breach or software attack, Cyber Liability Insurance will cover the costs of notifying and restoring affected customers, recovering data and repairing security systems.

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Commercial Auto

Commercial Auto Insurance covers your cars, trucks, and vans used in your food business. It covers the costs from vehicle damage in collisions, theft, vandalism and weather damage. It also covers medical expenses for to injured parties.

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Liquor Liability

Liquor Liability Insurance protects a small business that manufactures, sells or serves alcohol. Food business owners are protected from claims that occur when a customer drinks too much and injures himself or someone else.

Umbrella Policy

Umbrella Policy adds an extra layer of protection to professionals if a serious event or cumulative claims exhaust your current policy limits. It also covers you for events that would otherwise be excluded from your other policies.

Restaurant risks we can cover you from

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Frequently Asked Questions

Why do restaurants need insurance?

Restaurants are bustling hubs of activity, and with that vibrancy comes inherent risks. Property damages or unexpected closures can be financially debilitating, making a Business Owners Policy indispensable.


Amidst the daily chaos, if an employee suffers an injury, Workers Compensation is a protective shield. In a digitized era, Cyber Liability safeguards against data breaches. As delivery services surge, Commercial Auto Insurance becomes crucial against mishaps.


For venues serving spirits, Liquor Liability addresses alcohol-induced incidents. Lastly, the Umbrella Policy stands as a backup when other coverages fall short. Simply put, insurance is a restaurant's armor against unpredictable challenges.

How much does it cost to insure a restaurant?

The cost of insurance for a restaurant can depend on a variety of factors such as how many policies you need to obtain for your restaurant and the type of restaurant you have.


Additionally, the size of your restaurant, the number of employees you have, and the location of your restaurant can also affect how much it will cost to insure your restaurant.


Usually, restaurateurs will obtain general liability insurance, which protects against property damage and third party claims which can occur frequently.


Speak to a CoverWallet insurance agent to get a quote for your restaurant's insurance.

How much is food contamination insurance?

Just like restaurant insurance in general, food contamination insurance can vary based on different factors such as the size of your restaurant, where your restaurant is located, and the type of food you serve.
A CoverWallet insurance agent can tell you how much food contamination insurance will cost for your restaurant.

What kind of insurance does a restaurant need?

Running a restaurant involves navigating a myriad of risks. Property damage or unforeseen closures can derail operations, but a Business Owners Policy provides a recovery lifeline. In a fast-paced kitchen, employee injuries aren't rare; Workers Compensation alleviates related financial burdens.


As tech plays a bigger role, Cyber Liability protects against data breaches. Vehicles, vital for catering and delivery, need the backing of Commercial Auto Insurance. Serving alcohol carries its own set of challenges, addressed by Liquor Liability. Moreover, an Umbrella Policy steps in when standard coverages fall short, ensuring a comprehensive shield for restaurateurs.

Do restaurants need cyber crime liability?

Though cyber crime liability isn’t required for restaurant owners to have, it is an important type of coverage and essential to the protection of restaurants. A data breach investigation by Verizon showed that restaurants were the most targeted businesses when it came to cyber attacks and data breaching.
A data breach is when an unauthorized individual gains access to electronic information including customer names, credit card numbers, and bank accounts. These types of unfortunate incidents can occur in restaurants big or small and can threaten your business, costing you money. Cyber crime liability would protect your business from such cases.

How can I lower my premiums on restaurant insurance?

Restaurant owners can reduce insurance premiums by adopting strong risk management, like safety training and diligent incident documentation. Such measures show insurers your commitment to minimizing accidents and liabilities.


CoverWallet can tailor deductibles and coverage to fit your restaurant's unique needs. Proactively addressing potential risks, such as hazardous conditions or lax security, not only ensures safety but can also lead to decreased premiums in the long run.

What are some common mistakes restaurant owners make when it comes to insurance?

Some common insurance mistakes restaurant owners make include not fully understanding their risks, purchasing inadequate coverage, failing to regularly review and update their policies, and not seeking out insurance agents who understand the unique needs of the restaurant industry.


It's important to take a proactive approach to managing insurance risks and to work closely with experienced insurance agents to identify potential risks and find cost-effective solutions that meet your specific needs.


By avoiding these common mistakes and staying vigilant about your insurance coverage, you can help ensure that your restaurant is protected from unexpected financial losses and liability issues.

How can I save on my restaurant's insurance?

There are several ways to save on restaurant insurance, such as bundling multiple policies with the same insurer, taking advantage of available discounts, implementing risk management strategies, and regularly reviewing and updating your coverage.


Additionally, working with an experienced insurance brokerwho specializes in restaurant insurance can help you identify cost-effective solutions and negotiate better rates. By taking a proactive approach to managing insurance risks and seeking out expert guidance, you can help ensure that you're getting the coverage you need at a price you can afford.

Where can I get a restaurant insurance quote?

When you are ready to take the next step in getting hassle-free quotes for your restaurant insurance, contact us. Coverwallet has a team of dedicated insurance advisors that can sort through your operations and recommend what you need to be properly protected.


If you are still on the fence about which insurance policies you need for your restaurant, it is a good idea to discuss your business and needs with a licensed insurance agent.


Coverwallet has an amazing team that specializes in business insurance and can work through what you need, and let you know what suggestions they have to make sure you have the best coverage. Your business means the world to you, so give us a call today so we can help keep it going for you.

What are the insurance covers that restaurant businesses like me usually get?

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