Believe it or not, the title that gives the blog post its name today is one of the most important parts of your restaurant. I warn you, I am not an insurer, therefore, I am not going to try to sell you insurance. I want to explain the reasons why it is important to have insurance for bars.Stay and you will receive valuable information.
The first thing you should be clear about is that you run a business for the public, so you must have mandatory insurance. Your workers are constantly using potentially dangerous tools, you must be protected in any situation. Train your workers to avoid reaching these risks as much as possible, although there may be human errors.
Once you have contracted your mandatory insurance, which I will tell you about a few lines below, we will go through the second step. I recommend that you analyze your business and its possible risks, from there complement your insurance with different coverages. It will never be a bad thing, to hire an extra coverage, but I do recommend that you be practical when hiring your insurance Broker. Hire what you need, neither more nor less.
Why should you have restaurant insurance?
As I mentioned before, you work for the public, you offer a service, therefore, it is essential for the development of your restaurant to take out insurance. Otherwise, you must respond with your assets or with the assets of the company. In addition, you must have your premises insured, this can lead to damage to third parties and also irreparable losses for your business.
I want to list the list of possible incidents that your restaurant normally faces, although I must also remind you that you may find yourself in peculiar situations that your insurance does not deal with.Damage by explosion , in your kitchens you surely have elements that are likely to explode, a misuse of these could lead to fatal consequences for your business. Therefore, take this factor into account.Theft damage . As a general rule, businesses are usually located on the ground floor of buildings, this implies that thefts in restaurants take place every day. Do not think that typical phrase of "that does not happen to me", you do not worry if you have contracted this coverage.Electrical damage. Light is a fundamental element in your business.
A power surge, blackout or outage can cause a large amount of financial loss for your business.Water damage . They are rare, but they can happen. A broken pipe or even a poorly closed tap can cause damage to your premises. There are coverage for these cases.Damages due to natural catastrophes. Climate change has made us increasingly exposed to this type of damage. A clear example are the floods that some cities in Spain suffer annually as a result of the cold drop. We recommend that you take this aspect into account.
Types of insurance for restaurants
There are two different types of restaurant insurance, one of them designed to cover the civil liability of the premises and the other designed to cover possible problems that may arise with respect to the hotel and restaurant business.
1) Civil liability insurance for the premises . here we find two important aspects. This insurance covers two routes, container and content.
- Content, refers to all the objects in the restaurant: refrigerators, pans, kitchenware, chairs, tables ... etc. Think how much it has cost you to get this, I recommend that you have it protected.
- Continent, copes with the damages that the premises itself may suffer. From a break in the lock to a possible blackout.
2) Civil liability insurance for hotel and restaurant activities. Your diners can be damaged by eating bad food or similar situations. I recommend that you emphasize that your workers take care of food and keep it in good condition, so you will avoid incidents.
