Running a restaurant can be an exciting venture, but that excitement can easily wane if you are ever faced with a business hardship. Fortunately, there are many practical things that restaurant owners can do to protect themselves from unnecessary financial risks. One of the best ways to do this is to make sure that you are equipped with the proper insurance coverage for your business. Many business owners understand that they need property and general liability insurance in order to ensure that they’ll be okay in the event of a natural disaster or a customer’s slip and fall accident. However, do you know what types of coverage you may need beyond that? Although you may have some idea of your needs when it comes to business insurance in Nassau County NY, keep reading to find out about two types of coverage that you may not have thought about:
Food Contamination Insurance
If your power goes out for a long period of time due to unforeseen circumstances (such as bad weather or malfunctioning power lines), you could find yourself with a lot of contaminated food on your hands, which means that the money you spent on that food will go down the drain as well. With a food contamination insurance policy, you can ensure that you’ll have the money necessary to replace any spoiled food so that you can keep your business in operation.
Liquor Liability Insurance
Although you may not be thinking of what happens to your customers once they leave your establishment, it’s important to realize that your restaurant could be facing a lawsuit if someone has too much to drink and ends up causing harm to themselves or another person. If your restaurant serves alcoholic beverages to patrons, you may want to consider purchasing liquor liability insurance so that you can be sure that one intoxicated patron won’t put your business in jeopardy.
Business Insurance in Nassau County NY is a serious matter. No matter how many of your customers rave about your food, even one unexpected bad situation can bring your business down if you don’t have the necessary insurance policy in place to ensure that you are covered for it. If you’re opening a restaurant or suspect that you may need more coverage in your policy, contact a Business Insurance agent today to find out more about how you can protect your business from anything that may come your way.
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