Accommodation, Food and Beverage Insurance policies come in handy if you own one of the following types of businesses:
General liability insurance is required for most restaurant commercial leases. It covers host liquor liability, customer property damage and customer injuries.
Example... A customer suffers food poisoning after eating the food served by your chef. General Liability covers their medical bills and legal fees to defend you in the event of a claim.
Workers Compensation is often found in the hospitality industry as it covers a large team exposed to various risks. If an employee suffers a work-related injury, Workers Comp will cover their medical costs and lost wages while they’re recovering.
Example... A cleaner slips while cleaning a table, leading to injury. She receives Workers Comp and gives up the right to sue you for damages.
Business Owners Policy (BOP) is for business owners in the accommodation, food and beverage industry who want to bundle together general liability and commercial property into one package at a reduced cost.
Example... An employee at your BnB drops a some plates onto a customer’s foot, leading to injury and damage to the stock and the floor. BOP helps cover the related costs.
Commercial Auto protects your commercial vehicles if they’ve involved in road accidents. It also covers damage caused by theft, natural disasters, and vandalism.
Example… Your company car is vandalised after leaving it in a parking lot while on a business visit. Commercial auto will help cover the repair costs.
Restaurant insurance is a necessary component of any long-term operation. A pricey lawsuit from a visitor or staff member leads a restaurant to close its doors faster than anything else.
You'll need Food and Beverage Liability Insurance if you operate a small business that sells food or beverages, even if it's not your major source of income. This insurance coverage covers you against the dangers of serving food and beverages in a restaurant.
General liability insurance is required by a restaurant to cover bodily injury and property damage claims resulting from events such as slips and falls. The insurance also includes product liability coverage, which protects your business from claims related to food poisoning.
Food cart insurance is a type of liability insurance designed to cover the costs of liability claims for food cart enterprises. Food carts face a number of liability concerns as meal industry firms, ranging from trip and fall incidents to customers being ill as a result of their food.
Many subindustries fall under the umbrella of Accommodation, Food and Beverage that would benefit from this insurance cover:
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