When it comes to the restaurant business, most owners know that the menu, the service, the food, and the customer reviews are extremely important. Of equal importance is the insurance policy that protects all of these facets within a restaurant. In order to preserve the hard work that goes into building and running a restaurant, every restaurant owner should consider getting a New York Restaurant Insurance Quote.
The inner workings of a restaurant are intricate and complex, which makes it even more important to leave little room for error. If you’re still not sure if you need to get or renew your New York Restaurant Insurance Policy, consider the following: If you could, wouldn’t you want your restaurant to be protected from valet parking issues, food contamination problems, theft, or building damage? If you answered yes to at least one of those problems, a New York Restaurant Insurance Quote is definitely something you should look into.
Since a restaurant is multi-faceted, you might need to invest in a policy that can cover all aspects of your business. For starters, an important part of restaurant insurance is property insurance coverage, which can protect your building as well as the contents inside of it. Another key component in a New York Restaurant Insurance Policy is general liability. General liability can come in handy if a person falls and gets injured in your restaurant or if someone eats at your restaurant and subsequently gets sick.
A third component to restaurant insurance is workers compensation. Your employees are responsible for the smooth operation of your restaurant and they need protection too. In the state of New York, workers compensation is required for all employers that are not covered by federal programs. Workers compensation can help both employers and employees because it can provide some benefits if an employee gets sick or hurt on the job. This part of restaurant insurance operates on a no-fault system, which means your policy will provide benefits regardless of who’s fault it was.
Aside from the three core parts of restaurant insurance, you can also opt for optional coverage. Optional coverage can include liquor liability coverage, automobile coverage, flood insurance, boiler and machinery coverage, employer practices liability, and business interruption insurance. Tacking these on with the rest of your policy is a great strategy because the nature of a restaurant is so hectic and it’s hard to prevent chaos, but at least you can always be prepared for it.
So the next time you’re carefully thinking about the last item to add on the menu, which valet company to hire, or what produce to buy, make sure your restaurant insurance policy is somewhere on that list. All of your hard work and planning could easily be thwarted if you don’t have any means to protect it. To learn more about New York Restaurant Insurance Policies or to get a New York Restaurant Insurance Quote, log onto www.NYinsuranceshopper.com or speak to your local insurance agent and get the best protection for your business.