Partnering with a Hospitality Insurance Company
As the owner of a restaurant or similar establishment that serves food to the public, you understand the importance of contacting an agent of a hospitality insurance company to discuss your general liability coverage needs. Whenever a patron enters your establishment, your business could quite easily be found liable should an accident or issue ensue. This is due to the fact that food service professionals who serve others on a daily basis have some serious exposures.
For example, if a customer slips on a wet floor and breaks their arm, they are likely to file a lawsuit against your business. Despite the court’s ruling, your food service business would still be responsible for court costs, including the steep attorney’s fees to defend your business in court, even when the outcome does not rule in the other parties favor.
General Liability insurance (GL) for food service professionals
A GL policy protects your establishment against these kinds of claims as well as claims related to damaged property. Remember that, if your restaurant is found liable for a claim of this type, your business assets could be seized to pay the judgment if you don’t have adequate protection in place. Legal fees can easily bankrupt a small business; GL insurance is an essential component in any business protection plan.
GL coverage protects your company and its employees from claims brought against your business. This insurance is designed to offer the peace of mind that your business will be able to survive a costly lawsuit and still have the necessary funds to continue operating. If a third party’s injury or illness results in death, your general liability policy will cover medical expenses, funeral expenses, and court-awarded compensation.
Restaurant owners know how quickly an accident can befall a patron dining in their establishment. Anything from hot coffee burns, allergic reactions and even food poisoning is a serious issue, and your business must be prepared for these kinds of common lawsuits and mishaps.
A hospitality insurance company can also protect your company from liability due to injuries or property damage that happen at other locations. For example, if your business caters a corporate reception and your food-warming equipment malfunctions and starts a fire, your policy will handle any resulting lawsuits alleging property damage. Speak to a reputable agent familiar with all aspects of the hospitality industry today.