Foodservice industries carry a variety of risks with them, and if you’re in this business it’s in your best interest to always be prepared for any scenario.
Whether you’re a liquor distributor, wholesaler, food vendor, or own a supermarket, convenience store, or a restaurant, foodservice insurance can be extremely valuable to you.
At Melton McFadden, we offer a variety of comprehensive insurance policies from food manufacturing insurance to mobile food vendor insurance policies. Let’s take a look at the most essential ones.
General Liability Insurance
General liability insurance protects your business from lawsuits, accidents, and oversights. It includes catering food insurance, food manufacturing insurance, mobile food vendor insurance, and much more, and is a must for any foodservice business.
Imagine if a customer slipped and broke their arm in your establishment, they could easily file a lawsuit against you. General liability insurance covers your business by protecting you against these types of claims as well as claims related to the damaged property.
A lawsuit can bankrupt a small business, and if you’re looking into foodservice insurance, general liability insurance provides you with the protection that you need.
Liquor Liability Insurance
Any business that serves, sells, or allows alcohol in its establishment can make use of liquor liability insurance. It covers the costs of liquor-related injuries, assaults, or accidents, and if someone decides to sue you for damages, you’ll be protected.
If someone decides to bring you to court, your legal fees could go through the roof. With liquor liability insurance you’ll be covered.
Business Owner’s Policy
Business owner’s policy combines general liability insurance and property insurance and is very useful for protecting your business property, especially in cases of customer injury or business interruption incidents.
Unexpected things happen regularly that can result in catastrophe for your foodservice business. A business owner’s policy protects you in the case of fire, natural disasters, or theft. Everything on your property will be protected, from the building itself to your computers, equipment, cash registers, and more.
Business owner’s policy protects your property, guards you against lawsuits, and if your business has been closed for some reason, it will shield your business from the loss of revenue.
Worker’s Compensation Insurance
Everyone in the foodservice industry knows how prone to accidents their employees are. Restaurants and manufacturers are rushed atmospheres and the staff, baristas, chefs, and others can very easily hurt themselves in this environment.
Worker’s compensation insurance will give you and your workers peace of mind. If your employee is injured at work, this insurance will cover their medical expenses, wages while the employee is recovering, and even a lawsuit if it comes to that.
Insurance in the foodservice industry is a must because it’s a risky business. Foodservice insurance can truly save you and your business. So, consult with a Melton McFadden insurance agent and find the best policy for you today!