If you’re a restaurant or bar owner, you face a unique set of exposures. Every type of business needs insurance, but the specific coverage options depend on the industry. Regarding the types of insurance that your business should consider for “complete coverage,” you must work together with an experienced insurance professional such as Advance Insurance of Northwest Florida. Together, we can create a robust insurance portfolio to protect your restaurant or bar from the various exposures it faces.  

Common Types of Insurance to Consider 
While the exact insurance coverage your business needs will vary based on location, operations and size. Some standard coverage options that restaurant or bar owners purchase include the following: 

• Property insurance—Your business relies on its commercial property to carry out day-to-day functions, such as serving guests. Commercial property insurance may offer financial protection if a restaurant’s property is ruined or damaged in an insurable event, such as a fire or theft. 
• Business interruption insurance—Continuity is critical in business, and there are few things more important than continuous revenue and cash flow, particularly for small to medium-sized organizations. This coverage may provide ongoing income if your business is forced to shut down. 
• General liability insurance—Restaurants and bars face various liability risks when serving guests. A general liability insurance policy helps cover lawsuits, guest injuries, third-party property damage, and personal or advertising injuries.  
• Liquor liability insurance—If you own a bar or your restaurant serves alcohol, it is at significant risk of liquor liability claims (e.g., serving an underage individual or overserving a patron). This coverage may pay legal expenses and claims brought on by customers injured by an individual who was drinking at your establishment 
• Workers’ compensation insurance—On-the-job accidents at restaurants and bars can lead to worker injuries and/or illnesses, which can cause them to miss work. Workers’ compensation insurance may help pay for medical expenses and wage replacement if an employee is injured or becomes ill on the job.  
• Equipment breakdown—Restaurants and bars depend on functioning equipment to service their customers effectively. This type of policy may cover the cost of repairing equipment that has broken down for reasons other than improper maintenance.  
• Commercial crime insurance—Restaurant owners face a significant challenge when dealing with crime, as their business typically involves a constant flow of cash. This coverage helps protect your business from financial losses related to business crimes, such as robbery, computer fraud, forgery, employee dishonesty and other crimes.  

There may be additional policies you need to purchase, such as flood insurance or cyber liability insurance, to gain complete coverage. Work with your agent to learn more about insurance options for your restaurant or bar.  

Let’s Work Together 
Advance Insurance of Northwest Florida is here to help restaurants and bars in Pensacola, Florida, and the surrounding areas get the insurance solutions they need. Call us today to get started.  

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.