Get the right kind of insurance for food service business by Floyd Arthur (PPT) http://carmoongroup.com

1. Get the Right Kind of
Insurance for Food
Service Business
By Floyd Arthur

2. If you’re the owner of a
food service business,
you know that preparing
and serving food to

3. the public comes with
inherent risks. Not only
are food service
establishments noisy,
chaotic

4. places behind the
scenes, there’s a great
deal of hustle and bustle
in the dining areas as

5. well. Spills, slips and falls
and other accidents are
likely, no matter how
carefully things

6. are run. Add to that the
risk of food-related
issues such as allergies
and and food

7. poisoning, and the list of
hazards becomes very
long.

8. Fortunately, most
companies that offer
commercial general
liability insurance write

9. policies for restaurants
and bars. Here’s a quick
overview of what you
should be looking

10. for to be certain your
food service business is
adequately insured.

11. General liability
insurance

12. General liability
insurance provides
coverage for your
business in the event you
are

13. responsible for damages
in many different types of
claims. These include:

14. Bodily Injury

15. If a customer slips and
falls and breaks her hip
entering your restaurant,
general liability

16. insurance will cover her
medical bills, lost wages
and any compensatory
awards. It will

17. also pay your legal
defense costs in the
event you are sued.

18. Similarly, if a customer
eats food your employees
prepared and later
becomes ill, your

19. general liability
insurance will cover
medical bills, hospital
costs and any court-
awarded

20. compensation. It will also
cover court costs and
legal fees.

21. Property Damage

22. There are a number of
accidents that can occur
in a restaurant or food
service business

23. that could result in
damage to a patron’s
property. For example, an
employee could spill

24. coffee on someone’s
brand new fur coat or
expensive Prada purse, or
a warming plate

25. could malfunction at a
party where you were
providing food, causing a
fire. In either

26. case, your liability
insurance would pick up
the cost of repairing or
replacing the

27. damaged property as
well as defense costs if
you were sued.

28. Advertising and Personal
Injury

29. If you advertise your
business in print or
online, your general
liability insurance will

30. cover claims of copyright
infringement if you are
sued for using
intellectual property

31. that belongs to someone
else. For example, if you
inadvertently use a logo
that is very

32. similar to the
trademarked logo of a
competitor, your
insurance would pay any
court

33. awarded damages and
defense costs if you are
sued. Most policies also
cover court costs

34. and legal fees if you are
accused of libel or
slander.

35. Liquor Liability Coverage

36. If your establishment
serves liquor or allows
liquor to be consumed on
the premises,

37. your general liability
insurance will not cover
damages due to alcohol-
related events.

38. Therefore, liquor liability
coverage is a must.

39. Most states in the U.S.
have so-called “dram
shop laws” that allow
injured parties to

40. hold bars, restaurants
and alcohol retailers
accountable for injuries
caused by an

41. intoxicated customer.
These may be minor
injuries caused by a
physical altercation or a

42. drunk-driving accident in
which one or more
victims are killed.

43. Not all dram shop
lawsuits are decided in
favor of the plaintiff. In
order to prevail, the

44. injured party must prove
that the server acted
recklessly, which
typically involves

45. establishing that the
server:

46. * Intentionally served a
patron alcohol

47. * Knew that the patron
was a minor or was
already intoxicated

48. * Consciously
disregarded an obvious
and substantial risk that
serving liquor to that

49. patron would cause
physical harm to the
patron or to others.

50. If found liable, your
establishment could be
responsible for
additional damages for

51. intentionally selling
liquor to a minor or
intoxicated person,
violating state liquor
laws

52. or failing to properly train
your employees. Such
damages can easily add
up to hundreds

53. of thousands of dollars,
so make sure you have
enough coverage in
place.

54. Property and Casualty
Coverage

55. This coverage protects
your business property,
such as the building,
cookware,

56. equipment and
appliances, computer
systems, and furnishings
in the event of a covered

57. peril, such as a fire or
theft. Some policies also
covers property
belonging to a third party

58. that is left in your care,
such as items left in a
coat check or cars in a
valet parking lot.

59. Worker’s Compensation

60. Worker’s compensation
insurance covers the
cost of medical care, lost
wages and

61. rehabilitation if an
employee is injured on
the job. Most states
requires all employers,

62. including small
businesses, to have
worker’s compensation in
place. However, even if

63. there is no statutory
requirement that you
have it, workers
compensation insurance
is

64. always a good idea. If you
are not covered and an
employee suffers a
catastrophic injury,

65. he or she will be
financially devastated
and your business will
undoubtedly be sued.

66. At Carmoon Group, we
offer small business
insurance coverage
tailored specifically to

67. your needs. Whether you
own a restaurant, food
truck, catering business
or bar, we can

68. get you the coverage you
need at an affordable
price. Call us any
weekday between 9

69. a.m. and 6 p.m. at 516-
292-3780 to make an
appointment for your
insurance review. No

70. time to call during
business hours? Request
a free consultation online
and we’ll get back

71. to you at a convenient
time.

72. Visit
www.Carmoongroup.com
for FREE 30-Minute
Consultation!