Restaurant Insurance is a specialised insurance product which is focused upon the kinds of insurance cover needed by restaurants and other eating establishments. Restaurant Insurance incorporates a range of types of cover into a single package which not only provides the business with protection form risk, but also fulfils its legal insurance requirements. Restaurant Insurance will usually provide cover for the following:

• The actual contents of the restaurant. This includes the food and beverage stock as well as the actual fixtures and fittings such as the tables, chairs and kitchen equipment.
• A minimum level of employers liability insurance. This takes care of the restaurants legal requirement to have some form of employers liability insurance.
• A minimum level of public liability insurance. This takes care of the restaurants legal requirement to have some form of public liability insurance.
• Loss or theft of cash held on the premises.
• Loss or damage to stock in transit.
These are the main areas of cover which usually make up a Restaurant Insurance policy. However, depending upon the insurance provider chosen, policies can and do vary to a degree.

Who needs Restaurant Insurance?

Restaurant Insurance is not legally required for a restaurant to operate. However, by taking out a Restaurant Insurance policy, the small business is able to not only ensure that their good and chattels are protected, but also fulfil two specific legal requirements. A restaurant is required by law to have an active public liability policy. Additionally, if the restaurant employs staff, as most restaurants do, it is also legally required to have an active employers liability insurance policy. If we consider the fact that Restaurant Insurance is a cost effective way of covering these two legal requirements, as well as providing insurance for the actual restaurant itself from a damage and loss point of view, we can see that that it makes sense for every restaurateur to consider this kind of all-in-one specialist insurance product, as opposed to arranging for multiple policies to cover each need.

Things to look out for when procuring Restaurant Insurance

The only major issue which should be taken into consideration by any restaurateur who is considering taking out a specialised Restaurant Insurance policy is the value of their stock. For some restaurants, which carry rare or expensive wines, then the cover provided for loss of stock must be of an amount high enough to protect these expensive goods.