The restaurant business is tough. The success rate is not very high. Some of that has to do with food, some of it is chance, and a lot of it is competition. In a first class restaurant, the chef and manager want to focus on the quality of food, a unique menu, and creating a memorable atmosphere so diners will enjoy their meal and tell their family and friends. That’s how a restaurant’s reputation is built. On the financial side of the business, however, a lawsuit or kitchen accident can set a dining establishment back without proper restaurant insurance.
While customers and staff alike might usually focus on the food and the overall dining experience, there are a number of areas where liability can be an issue. These include some of the following situations:
- Slips and falls
- Property damage
- Foot contamination
- Supply chain problems
- Business interruptions
A restaurant will surely take mitigating steps in most of those areas, but good restaurant insurance policies are necessary too. On top of those, the way a restaurant deals with its employees can be vital. Employee practices lawsuits have been on the rise in recent years, so being aware of areas of potential discrimination is helpful.
Consult the Risk Management Experts
Risk management and insurance experts can advise you of your vulnerable areas and suggest policies to make a complete restaurant insurance package. They will be aware of the effect that healthcare reform and new environmental regulations may place on your business, so you can return to making great cuisine.