Stop in any small town and you’ll quickly see that independent local restaurants play a very important role in the community. These independent restaurants are truly community gathering places where you may find anyone from the mayor to your fourth grade teacher.
Owning a restaurant, however, presents a number of risks and challenges. In this post, we’ll take a closer look at ways to minimize these risks.
Risks of Restaurant Ownership
Owning an independent restaurant offers many rewards, but you also face a lot of risks, such as:
- Structural damage after a severe storm
- Equipment failure
- Food spoilage
- Slip and fall accidents
- Employee injuries
Without the support structure of a franchise, a fire or other disaster could lead to financial devastation. That’s why it’s important to make sure your independent restaurant is protected from the unexpected.
As an independent restaurant owner, one of the most significant investments you can make is in protecting your business. An independent insurance agent can help you determine the best policy for your restaurant that fits your budget.
General liability insurance and property coverage will protect your restaurant from the day to day incidents that could lead to bigger issues. No matter how safe you are, accidents happen. Protect your customers, property, equipment, and business with proper coverage. Liability insurance can make all the difference if you need to help cover medical expenses for someone who is injured on your property, rebuild after a fire, or resolve potential legal issues.
As an independent restaurant owner, it’s important to be sure that your employees and your business are protected with workers’ compensation coverage. Workers’ compensation covers medical expenses and disability payments if your employee is unable to work after a workplace injury. It may also cover rehabilitation costs.
Contact an Independent Insurance Agent
Big box solutions may work for big box restaurants, but as an independent restaurant owner your needs are different than the needs of a chain restaurant. An independent insurance agent can help you determine your coverage needs and find the customized policy that best fits your budget.
The experienced independent insurance agents at Kincaid Insurance are well versed in restaurant insurance needs. They can work with you to discover the best policy for your independent restaurant.
You’ll find Kincaid Insurance in Rockport, Indiana. We work with restaurant owners throughout the Tri-State area of Indiana, Kentucky, and Illinois, in areas such as: Louisville, Evansville, Mt. Vernon, Newburgh, Jasper, and Vincennes.
Call Kincaid Insurance at 1-877-888-5506. Our independent insurance agents will help you assess your restaurant insurance needs before providing you with a no-obligation free quote.Request a Free Quote